How to talk about spending money with family during the holidays

SAN FRANCISCO (KGO) -- It is always fun to spend money and even more fun during the holidays.

So, should you just surrender and go for it, or come up with a plan?

7 On Your Side's Michael Finney spoke to Colleen O' Brien from Charles Schwab about how to start the conversation.

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O'Brien offers a few tips:

-Listen, especially since everyone's experience with money varies

-When it comes to holiday presents, ask: "What do you prefer?"

-Would you rather have a bunch of small gifts or save for a family vacation?

-The family discussion will eventually lead to a plan for the family and individual

Charles Schwab offered additional advice: Does Financial Planning Help? and Financial Gift-Giving Guide

Take a look at more stories by Michael Finney and 7 On Your Side.