The start of Chinese new year is not only a good time to spring clean our investment portfolios but also a golden opportunity to educate the children on good money habits.
As Chinese New Year typically falls within the first two months of the year, it is a timely reminder to parents to have conversations on money matters with their children before other priorities get in the way, says Mr Deepak Khanna, head of wealth development at HSBC Bank (Singapore). "In addition, this is probably the rare occasion where children will be given extra money 'windfalls' which are not part of their usual routine.
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