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How should young people manage their ‘hard-earned’ hongbao money?

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For those with life-changing purchases on the horizon, hongbao money can also be parked alongside monthly income in more stable assets.

For those with life-changing purchases on the horizon, hongbao money can also be parked alongside monthly income in more stable assets.

ST ILLUSTRATION: MANNY FRANCISCO

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SINGAPORE - “Hard-earned” is how I would describe the hongbao.

Collecting these little red packets of joy – or sometimes disappointment – takes a certain level of skill and finesse.

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