Learning about finances through hongbao and games

Experts advise teaching financial literacy to young children and some parents do it with hongbao collections and board games

For Chinese New Year last year, Ms Esther Tan and her husband let their children spend three $2 notes from the hongbao (red packet) money they collected.

Nathan, aged seven, and Phoebe, five, were each allowed to buy three $2 items from the Daiso store, while their parents save the rest of the money for them.

Please or to continue reading the full article. Learn more about ST PREMIUM.

Enjoy unlimited access to ST's best work

  • Exclusive stories and features on multiple devices
  • In-depth analyses and opinion pieces
  • ePaper and award-winning multimedia content
A version of this article appeared in the print edition of The Sunday Times on January 27, 2019, with the headline 'Learning about finances through hongbao and games'. Print Edition | Subscribe