8 Auspicious Money Traditions to Welcome The Chinese New Year of the Rabbit
8 Auspicious Money Traditions to Welcome The Chinese New Year of the Rabbit
21. January 2023 By Financial Imaginer
The Chinese New Year of the Rabbit is just around the corner and with it comes a time for celebration, family, friends, and of course – Money. The new year is all about new beginnings, fresh starts, and building your fortune! My wife is from Taiwan and by now we’ve almost enjoyed 20 Chinese New Year celebrations together in Taiwan, Singapore, and Switzerland. I always enjoy celebrating and immersing myself in Chinese New Year festivities and thought it was time to share and explore these beautiful traditions in the form of a blog post.
Always welcome the new morning with a new spirit, a smile on your face, love in your heart, and good thoughts in your mind.
Let’s dive in together and find out how to bring in good luck and riches during the year of the rabbit!
1. Chinese New Year Red Envelopes
Red envelopes are a special kind of envelope given to children during Chinese New Year. Inside the envelope is money, which is meant to bring good luck and happiness. Red envelopes are also given as gifts to family and friends, as a way to wish them good luck for the coming year.
The amount of money in the envelope is usually small, like some coins or paper money. This symbolizes the sharing of good fortune and is thought to bring even more luck and happiness!
The amount of money being gifted in red envelopes is important! While it’s also “the more, the marrier”, it is believed that giving specific amounts, lucky numbers, can bring more abundance and luck for the receiver. The numbers 8 and 6 are two of the most auspicious numbers.
恭喜發財，紅包拿來 – Gōngxǐ fācái hóngbāo ná lái！
Show generosity by giving away red envelopes with money inside during Chinese New Year celebrations!
2. Spend Money to bring Good Luck and Prosperity
People will often go on shopping sprees to buy new clothes, jewelry and other items in order to make sure they look their best during this time of celebration. Some also look at buying new items as a form of investing: New clothes or jewelry will bring fortune!
The idea behind this comes from embracing the abundance mindset within. This tradition is supposed to work a bit like “money karma“:
The more money you spend, the luckier and wealthier you will get.
Disclaimer from my side: It’s important to keep your spending in check!
Even if it might not be a “good investment”, new items will make you appear renewed, fresh, and ready for a new year full of new opportunities!
3. Pay off Debts before Chinese New Year
People use Chinese New Year as an opportunity to pay off any lingering debts in order to start the new year on a good financial footing. They pay off any existing debts before the Chinese New Year starts.
While you ought to do this before Chinese New Year, some also pay off debts with money that has been gifted during Chinese New Year.
This further symbolizes the new beginning and getting rid of old baggage.
4. There’s no Number 4 during Chinese New Year
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