Ang Pow Issues...

[skunk]

KSP:

How do you handle your children ang pow money? Say less than 10yrs old kids?


1. put into their account
2. take it as a \"reimbursement\" for whatever you have come out

All the way I will confiscate and use it for other people's angbao. They will only get to keep the one i give them.

That was the way I was raised. Angbao is not a gift, it's a custom. Even as adults, I give my parents angbao, they will return me one of equal value. It's not about the money. Just like we give the host oranges, they will give us back. If i want to give my parents spending money, it will not be in a CNY angbao.

I don't want my children to see CNY as a money-grabbing exercise. The real value of the Angbao is in the well-wishes, not the money inside. I was raised this way and i want my children raised this way too.

If they need money, they can ask me outright. But they will not get to keep angbaos. CNY is for everyone, not just those with the ability to give out money. Or else CNY for the poor would be a torture. Indeed, for rich people, everyday is also CNY lol

[MMM]

KSP:

How do you handle your children ang pow money? Say less than 10yrs old kids?


1. put into their account
2. take it as a \"reimbursement\" for whatever you have come out

Yes, for the older kids, we deposited in their mighty saver account.

Meanwhile for the pre-schooler, we deposited in her CDA account.

[Funz]

skunk:

All the way I will confiscate and use it for other people's angbao. They will only get to keep the one i give them.


That was the way I was raised. Angbao is not a gift, it's a custom. Even as adults, I give my parents angbao, they will return me one of equal value. It's not about the money. Just like we give the host oranges, they will give us back. If i want to give my parents spending money, it will not be in a CNY angbao.

I don't want my children to see CNY as a money-grabbing exercise. The real value of the Angbao is in the well-wishes, not the money inside. I was raised this way and i want my children raised this way too.

If they need money, they can ask me outright. But they will not get to keep angbaos. CNY is for everyone, not just those with the ability to give out money. Or else CNY for the poor would be a torture. Indeed, for rich people, everyday is also CNY lol

I was brought up this way too. We will pass all the Ang Baos to our parents and won't even know how much we were given. Dad will bank in the ones from immediate family and keep the rest.

My kids will also automatically hand their ang baos to us. They are not allowed to open them. At the moment, DD is more interested in the design of the Ang Baos then the contents. DS best, when pple give him Ang Bao, he tell them no need no need, I receive a lot oredi.

[skunk]

Funz:

DS best, when pple give him Ang Bao, he tell them no need no need, I receive a lot oredi.

LOL.

I do get criticism, \"how will your kids enjoy CNY?\" or \"They will surely protest when they grow up.\"

It's really sad, that means when they get married and can't receive angbao, means they will hate CNY? Some people really need to re-think the reasons they celebrate the season.

[tankee]

KSP:

How do you handle your children ang pow money? Say less than 10yrs old kids?


1. put into their account
2. take it as a \"reimbursement\" for whatever you have come out

1. into DS bank account.

[Funz]

skunk:

Funz:

DS best, when pple give him Ang Bao, he tell them no need no need, I receive a lot oredi.

LOL.

I do get criticism, \"how will your kids enjoy CNY?\" or \"They will surely protest when they grow up.\"

It's really sad, that means when they get married and can't receive angbao, means they will hate CNY? Some people really need to re-think the reasons they celebrate the season.

Yah. These people are celebrating for the wrong reasons. Ang Bao was never about money. The original custom actually has things like beans and guazi signifying certain things for the receiver. I remember receiving some such ang baos from the elderly and we cousins will gather to try and figure out what each item signify.

I was actually quite mean this year. My mum nagged and nagged me about giving angbao to a particular nephew when we went visiting at my uncle's. But from the moment I stepped in to the time I started distributing ang bao until I sat down for lunch and started my mahjong until the time that this nephew and my cousin was leaving, this kid was glued to his ipod touch. He did not greet me nor any of his elders and when people went to give him ang bao he actually 'Tsk' them. I went to him and called him, he ignored and continued playing his game so I did not give him his ang bao.

[tankee]

Funz:

.... DS best, when pple give him Ang Bao, he tell them no need no need, I receive a lot oredi.

:rotflmao: :rotflmao:

[tankee]

Funz:

....., this kid was glued to his ipod touch. He did not greet me nor any of his elders and when people went to give him ang bao he actually 'Tsk' them. .....

This is the main reason that has stopped us from getting a portable gaming device for our DS.

[MMM]

Actually, we were just counting. Eg. if the child receive eg. $400 a year for angpow. In 17 years time (assuming you start from 7 yrs old), there is a good $6800 in his/ her bank account. This is excluding whatever ongoing saving the child may have.


This could always be used for tertiary education, rainy days, etc…

Hubby was asking the kids if he could "invest" their savings for them by buying shares. My dd1 was like… I rather earn interest from the bank.

[KSP]

MMM:

Hubby was asking the kids if he could \"invest\" their savings for them by buying shares. My dd1 was like.... I rather earn interest from the bank.

This is a good idea but make sure don't get burnt. Buy blue chip should be ok. Like banks or GLC even better.