7 Tips for Managing Finances Before Chinese New Year

2024-02-07T23:00:00.000000Z
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7 Tips for Managing Finances Before Chinese New Year

Chinese New Year will be here soon. Chinese New Year is one of the most awaited celebrations worldwide by people of Chinese descent. For those of you who celebrate it, enthusiasm has indeed been brewing in your family for some time.

In the Chinese New Year celebrations series, there is a Chinese New Year prayer event, praying to the Creator, closed with the Cap Go Meh celebration. Besides sacred events, Chinese New Year celebrations are an occasion for family and relatives to gather.

What are your habits during Chinese New Year? Maybe someone celebrates by taking photos together in a photo studio, eating together at a favorite restaurant, sharing red packets, sharing clothes, and even delicious cakes with recipes passed down from generation to generation. These things are, of course, included in the expenditure budget. So, how do you ensure that your Chinese New Year budget stays within budget?

Arranging finances for celebrations needs to be done well in advance. You can use tips to enjoy the Chinese New Year more economically. Check out the tips below for managing finances ahead of the Chinese New Year!

  • Effectively Choose Decorations

Festive Chinese New Year decorations don't always require new, high-priced objects. If you keep decorations from last year, clean them and reuse them in a different layout. You can also make it yourself by buying Chinese New Year-themed paper, glue, and scissors. Choose a price in e-commerce according to your budget, check out, and pay on MAS Mobile.

  • Planning an Angpao Budget

Angpao is indeed something that is quite awaited at Chinese New Year celebrations, especially by children. Make a list of the families who will receive red packets from you. You can give red packets through money, discount coupons, and even electronic vouchers. Many of the envelopes used have also been sold at various prices.

  • Chinese New Year Themed Clothing

For Chinese New Year celebrations, red and gold are the colors used because they symbolize prosperity and joy. You can revamp existing clothes by adding gold embroidery or accessories. You can also buy shirts or outerwear according to the Chinese New Year theme, which will be used for a long time.

  • Dinner together

Eating with family at your favorite restaurant is ideal. But you can also consider other options. You can cook with your family's favorite recipes, of course, with quantities you can adjust according to family members. Or, you can also have dinner at home by ordering your favorite menu using the promo. The atmosphere of having dinner at home will feel more relaxed, and there is no need to fight over reservations.

  • Enjoy Free Entertainment

You can enjoy fireworks in city parks, watch your favorite shows at home, and hold exciting competitions for the whole family to take part in. Increase creativity when creating competitions, or you can look for inspiration on the internet and YouTube. The competition, which families of various ages attend, will be a memorable moment to remember.

  • Invite Relatives to Share Costs

Invite your family to contribute if you celebrate Chinese New Year with your extended family at home. Starting from decorations, cooking ingredients, or other entertainment. This way, the cost burden will not feel heavy, and you will enjoy it with great joy.

  • Avoid Borrowing to Party

The essence of Chinese New Year celebrations is prayer and the warmth of gathering with family. If you are saving for something else, celebrating Chinese New Year can be done according to your capabilities and budget. There is no need to force yourself to borrow funds. Togetherness is more important.

There are many ways to celebrate Chinese New Year on a budget. You can follow the tips above to enjoy Chinese New Year with family or friends. If you want to read about other financial tips, let's look at the Bank MAS website.


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