Use Those CNY Hongbao to Nurture Kids' Money Management Skills

Mina Yan Jingkids

Advertisement

As the festivities of Chinese New Year come to an end, a golden opportunity arises for parents to impart a valuable lesson to their children – the art of money management.

Amidst the excitement of receiving hongbao filled with monetary gifts, the period post-Chinese New Year becomes a teachable moment, fostering financial literacy and responsible spending habits in young minds.

Should kids splurge it all on something they’ve had their eyes on all year long? Should they invest it all? Or, should they give it to their parents as a gift? We’ve got an expat mom and an expat kid sharing their thoughts on money management for the next generation.

Here’s what the expat mom has to say.

And here’s what a true expat kid has to say about learning about money management.

By combining the excitement of receiving hongbao with engaging financial activities, children can embark on a journey of learning and responsibility. These early lessons in handling money not only instill crucial financial skills but also foster a sense of independence and decision-making.

So, let the post-New Year period be more than just a continuation of celebrations – make it a season of financial exploration and empowerment for the little ones!