How to talk about spending money with family during the holidays

ByJustin Mendoza KGO logo
Friday, December 20, 2019
How to talk about spending money during the holidays
How should you start the conversation about spending money with family during the holidays? Michael Finney spoke to Colleen O'Brien from Charles Schwab on Dec. 19, 2019.

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.



RELATED: Shopping strategies for this holiday season



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.



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