Spending More than You can Afford

By SunTrust Banks, Special for  USDR

The SunTrust Banks, Inc. (NYSE: STI) annual Holiday Financial Confidence survey reveals that 43 percent of Americans feel pressure to spend more than they can afford during the holiday season. Pressure to overspend is up four percent since the survey was first conducted in 2014 by Harris Poll, but down slightly from a high of 46 percent last  year.

The December holiday season is often the most challenging time to gain control over finances, resulting in overspending that can lead to financial stress and distract people from enjoying the meaningful moments. Earlier this year, SunTrust launched the onUp movement to provide resources that empower Americans to move from financial stress to confidence. Throughout the holiday season, the company will provide a number of tips and tools on onUp.com/holiday, including a holiday planning guide, a holiday budget tool and a holiday spending  calculator.

All opinions expressed on USDR are those of the author and not necessarily those of US Daily Review.