Why Holidays Aren't Great for Money Talks [REPLAY]

Check out this (still relevant) blast from the past! Why the Holidays Are a Bad Time to Discuss Finances with Family In this episode of the New Money, New Problems podcast, we explore why the holiday season may not be the ideal time to discuss finances with family. Drawing from personal experiences and professional insights, we explains the common pitfalls and emotional triggers that can derail these sensitive conversations during family gatherings. Instead, we offer a strategic approach to planning these discussions effectively by separating parties into two camps – the planning generation and the potential beneficiaries – and setting clear parameters and dates for future conversations. This episode aims to provide listeners with tools to navigate these complex financial topics while minimizing conflict and ensuring peace of mind for all family members. 00:00 Introduction: Why Holidays Aren"t Ideal for Financial Talks 00:07 Podcast Overview and Host Introduction 00:46 Setting the Scene: Holiday Season and Financial Conversations 01:21 Common Financial Advice and Its Limitations 02:13 Personal Experiences with Family Financial Discussions 03:45 Challenges of Discussing Finances During Holidays 04:29 Rethinking Holiday Financial Conversations 10:08 Planning for Future Financial Conversations 11:26 Steps to Prepare for Financial Talks with Family 15:50 Addressing Elder Generations About Financial Planning 19:20 Conclusion: Importance of Financial Preparedness Support the show