Smart Parenting Series #1: 3 Ways to maximise returns for your child's angpow

#1 Donate for a good cause

Teaching your kids how to give back to the society starts from young. Parents play a very important role in cultivating good habits from their kids since young.

#2 Savings for Education

Parents can put aside the majority of their angpow money to save up for their kids education, this can help to reduce their student loans or even provide their kids with a head start in life.

#3 Dollar to dollar savings

Cultivating a good habit of saving starts from young. Hence, parents can encourage dollar to dollar matching to motivate their kids to save up more during every Chinese new year! Money can also be put into a kids savings account until they are of age.

Some other ideas:

We hope that this will provide you with some insights on how to manage your child's angpow money every year!