It is the practice of most families to save "new year's money" as tuition fees for the next semester. For families who are not very wealthy, they should educate their children to do this. The remaining part can be kept for daily pocket use. In order to monitor their children's expenses, parents can also suggest that their children set up an account book and teach them to make budgets and settlements. For example, before the arrival of the new semester, help children make a list of items they have learned in life and study, estimate the prices of these items and compare them with their own "deposits", and let the children decide to make cuts if the budget exceeds the budget. In this way, children can also understand how their parents arrange their income and expenses reasonably, learn budgeting, financial decision-making, etc. Moreover, every daily expense is recorded in the book, and a settlement is made at the end of each month. This approach can not only reduce the financial burden on parents, but also cultivate children's self-reliance and family responsibility. It can be said to kill two birds with one stone.

Strategy 2: Deposit in the bank and learn financial management. Depositing "lucky money" in the bank can be said to be the easiest way. Some parents have agreed with their children to start depositing money in banks from elementary school to save for college tuition. If the child is already in middle school, parents can also leave the money in the bank to him to take care of and act as a consultant. It is worth mentioning that parents may also wish to teach their children the methods, types, interest rates, and interest calculations of bank savings, or encourage their children to go to the bank to open automatic savings accounts, buy ceremonial time deposit certificates, apply for credit cards, etc. The purpose of this is to enable children to understand certain financial knowledge from an early age and help them become "financial experts."

Strategy: 3. Buy insurance to show love. Using "lucky money" to buy insurance for your children is an increasingly popular option. It is understood that various insurance companies have designed a variety of insurance types based on children's growth needs, such as "children's insurance", "admission insurance" and "children's accident insurance". Parents can choose the amount of "lucky money" or buy insurance in the form of a one-time payment, or they can choose to buy insurance in the form of installment payments and annual gifts. Using "New Year's money" to buy an insurance for your child will add a layer of protection for your child's future life. This is another kind of care that parents show for their children.