CNY angpow money: Save or spend?


By EVE YAP

Chinese New Year’s angpow windfall is also a chance to teach children about money.

ELEVEN-YEAR-OLD Marianne Tan wants to spend S$59 (RM155) of her angpow money on a 100ml bottle of One Direction perfume. Her brother, Maximilian, nine, wants to save his angpow takings to buy a laptop in three years’ time, so he does not have to borrow money from his mother.

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