What to do with your angbao money? Save, spend or gamble?

With Chinese New Year coming to an end soon, almost all angbaos would have been received.

So what do you usually do with the angbaos received?



I would usually just deposit the money into my bank account.

And this is also what most Hong Kong children are doing as well.

I came across this article which mentions that a substantial proportion of children in Hong Kong are saving their angbao money, of course they might be forced by their parent's to do so but it is a good thing. 

According to the article, many children in Hong Kong were willing to save their money and that it is the best thing to do.

"The online survey interviewed 120 children between the ages of 8 and 15 years old.

The survey was conducted as part of AXA Investment Managers’ new “Voices” report on Hongkongers’ attitudes to money and investing.

More half of those surveyed said they were confident about their personal finance situation and 59 per cent said they were confident about how their finances will look in the future"

I have read up a few articles where parents start investing the angbao money for their children for example, Heartland Boy.

It is definitely a great idea and I wished my mum had done that for me but I am also contented as well because when I turned 21 years old, my mum went with me to the bank account and transferred me money which were my angbao money.

For this past few years, I have been saving my angbao money and it is like a bonus for me during that month. 

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