Chinese New Year: What Is Hong Bao? A Guide | CentSai

[VIDEO] Chinese New Year 2020: What is Hong Bao?

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Team CentSai
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6 second take: Did you know it's customary in China to receive Hong Bao — or red envelopes — from your family during Chinese New Year?

Did you know it's customary in China to receive Hong Bao — red envelopes — from your family during Chinese New Year? Learn all about them. #CentSai #redenvelopemoney #HongBao #ChineseNewYear #Luckymoney

Did you know it's customary in China to receive Hong Bao — red envelopes — from your family during Chinese New Year? Learn all about them. #CentSai #redenvelopemoney #HongBao #ChineseNewYear #Luckymoney

Most people know the basics about Chinese New Year, but what about this lesser-known financial tradition that takes place during the holiday? Hong Bao, which translates to a red package or envelope, is a financial symbol of luck, love, and familial approval of a potential spouse.

Listen as CentSai‘s Jocelyn Li gives you the run-down on this Chinese tradition, as well as the most outrageous examples of Hong Bao she has heard of. (And with a new baby on the way, Jocelyn was expecting even more Hong Bao!)

Happy Chinese New Year!

Starting a Family and Managing Finances Can Be Overwhelming. Working With a Dedicated CFP Can Help You Create a Holistic Financial Plan to Achieve Your Family's Financial Goals — Learn More >>

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[VIDEO] Chinese New Year 2020: What is Hong Bao?
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