What do you do with money from families on New Year?

Wait! What? Nobody gives me money on New Years If they did, I'd hop on up to the local mini-mart and buy myself one of those $0.10 a piece candies because that's about all my parents are likely to give me.

Hi wwjwcom, my husband's elder sister still gives us ang pow, red packet with money in it on Chinese New Year I'm the one who will give money to the younger on the festival Some times boss will give ang pow to us too. I usually would keep the ang pow and will open them after the 15th of the Chines lunar calendar. I will keep the money in piggy bank. I haven't taken out any money from it yet. Happy posting

When I was small, I do receive red packets with money inside during Chinese New Year. My father will give me RM2 with a lottery ticket. If the number strike, I will be RICH, if not just the RM2. Not much money though that I can collect as most of my relatives do not give much. Most of it is either RM2 or RM4, except my eldest sister will give RM20.00. All in all on average I will receive about RM200. So I will just keep it in the back after Chinese New year. I was told not to open the red packet or spend it off during the Chinese New Year 15 days. The money that I saved throughout the years I used to pay for my study fees in college.

Where is it a habit that family is giving each other money on New Year? Since I never heard of it and it's surely not in the countries where I have been. It's also (the Netherlands) not very common to give money at all to someone at a celebration or birthday or wedding. More and more people do ask for it (they need it or like to buy something they like instead of getting presents they don't) but still many people do not find it look like a present. Or they feel forced to give more as they actually are able to spend. 10 euro might look like less but if you buy a present for that price or half the price you can show up with a great present. I would safe money for what I need if someone would give me any.

I have never gotten money for the New Year, I've gotten money for Christmas. We buy things for our kids with it that we think they need that they might not haven gotten for Christmas.

Wow, I wish my family gave us lucky money on new years. But with Christmas being about a week before, I have zero complaints about that. On new years instead, many of us are partying, or in church, or just spending time reflecting on the year we've had and how we want the next one to go.

Much better if you save the money and use it for something useful or important in the future. Most often than not, people tend to use the money as soon as they receive them. But what happens if you had an emergency and you need money but there isn't any? I think it is really wise to save something every time we get hold of money.