{"id":17818,"date":"2023-01-10T23:00:00","date_gmt":"2023-01-10T15:00:00","guid":{"rendered":"https:\/\/www.comparehero.my\/blog\/uncategorized\/8-money-tips-for-chinese-new-year.html"},"modified":"2026-03-26T15:59:32","modified_gmt":"2026-03-26T07:59:32","slug":"8-money-tips-for-chinese-new-year","status":"publish","type":"post","link":"https:\/\/www.comparehero.my\/blog\/money-tips\/8-money-tips-for-chinese-new-year.html","title":{"rendered":"8 Money Tips For Chinese New Year"},"content":{"rendered":"\n<p>You can tell that the Chinese New Year is just around the corner when the shopping malls have put up their decorations and your colleagues are eagerly talking about going back to their hometowns. Let&#8217;s take this opportunity to start the year on the right foot by taking charge of your finances.<\/p>\n<!--more-->\n<h2>1. Go easy on the decorations<\/h2>\n<p>CNY is all about the decorations! But you don&#8217;t have to go overboard with extra lights and lanterns. If you still have last year&#8217;s decorations, take them out and reuse them again this year. You don&#8217;t necessarily have to buy new ones.&nbsp;<br><br>You can also check out some YouTube tutorial videos or some cool DIY hacks on Pinterest if you still want to have some new decorations.&nbsp;<\/p>\n<h2>2. Recycle your old CNY outfit<\/h2>\n<p>Buying new clothes for the Chinese New Year can be wasteful. People are encouraged and told to buy new clothes because it&#8217;s considered back luck to keep the old ones\u2026<br><br>In this case, you can revive past years&#8217; CNY clothes with accessories or a new style that you\u2019ve never tried before.&nbsp;<br><br>Some other options you can try:<\/p>\n<ul>\n<li>Sell your clothes to get extra cash and only purchase a new outfit with that money.&nbsp;<\/li>\n<li>Shop at your credit card partner stores to fully utilized your credit card benefits. Check your credit card provider&#8217;s website for a full list of merchants and exciting CNY deals. Don\u2019t forget to check which days your bank\u2019s credit card may have a special discount as well!<\/li>\n<\/ul>\n<h2>3. Look out for dining deals<\/h2>\n<p>Many of the local restaurants will be taking advantage of the break and won\u2019t be open for business. So instead of bringing your family to a fast food joint, try checking out sites like Fave for special dining deals. It won\u2019t necessarily be Chinese cuisine, but that doesn\u2019t mean you should binge on junk food or eat unhealthy meals.&nbsp;<\/p>\n<h2>4. Go easy on the snacks<\/h2>\n<p>Every year, you\u2019ll see stores selling festive snacks and Mandarin oranges everywhere you go. However, with the recent price hike, you may want to reconsider how much you spend on snacks. Fix a budget for your snacks. Don\u2019t focus on stocking up festive snacks only, try to get evergreen snacks that your families and friends enjoy. They\u2019re just as tasty and more affordable.&nbsp;<\/p>\n<h2>5. Teach your family new money tricks<\/h2>\n<p>Kids need to learn about money. During Lunar New Year celebrations, your children may receive <em>ang pows<\/em> from friends or relatives, take this opportunity to teach them about managing money. Explain the basics, such as the importance of having a budget, saving money, and paying off any debts.<\/p>\n<h2>6. Manage your \u2018<em>ang pows<\/em>\u2019<\/h2>\n<p>&nbsp;<\/p>\n<p>This goes especially for our fellow Malaysians who are married and have to give red packets (<em>ang pow<\/em>) to their friends and family. Pay off all financial commitments and set aside your monthly savings first, even before you start counting how much you need for <em>ang pow<\/em> money. This will help keep your finances in check, so be realistic!<br><br><em>Ang pows<\/em> are meant to be a symbolic gift for luck, so there\u2019s no need to be competitive about who\u2019s giving out more money.&nbsp;<\/p>\n<h2>7.&nbsp;Don\u2019t push your luck when it comes to gambling<\/h2>\n<p>This one\u2019s a bit tricky but rest assured we won\u2019t be getting preachy about the legalities of gambling in Malaysia. However, we advise that you don\u2019t get too carried away while playing cards with your friends and family over the Chinese New Year. Keep the stakes low and friendly so you don\u2019t end up losing all of your <em>ang pow<\/em> money (or friends and family).<\/p>\n<h2>8. Track your money consistently throughout the festive season<\/h2>\n<p>This is another crucial thing you should be doing. Best if you can track your spending every time you spend it. However, since you\u2019ll be with family and friends most of the time, maybe you want to take 10 minutes before going to bed and track your daily spending. Use these <a href=\"\/technology\/articles\/budgeting-app\" rel=\"noopener\" target=\"_blank\">apps to keep track of your spending.<\/a><\/p>\n<p>That\u2019s it for our list of tips to help you save money this Chinese New Year! If you want more of CompareHero.my\u2019s financial tips and advice, be sure to check out the rest of our blog or sign up for our Newsletter <a href=\"\/articles\" rel=\"noopener\" target=\"_blank\">here<\/a>.<br><br><\/p>\n<p>CompareHero strives to empower Malaysians with financial literacy and the tools to make better financial decisions in life. Find and compare the best <a href=\"https:\/\/www.comparehero.my\/credit-card\">credit cards <\/a>and<a href=\"https:\/\/www.comparehero.my\/credit-card\"> <\/a>&nbsp;<a href=\"https:\/\/www.comparehero.my\/personal-loan\">personal loans <\/a>on CompareHero today.<\/p>\n<p>Gong Xi Fa Cai from all of us at CompareHero!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>You can tell that the Chinese New Year is just around the corner when the shopping malls have put up their decorations and your colleagues are eagerly talking about going back to their hometowns. Let&#8217;s take this opportunity to start the year on the right foot by taking charge of your finances.<\/p>\n","protected":false},"author":268230141,"featured_media":709,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_wpcom_ai_launchpad_first_post":false,"_jetpack_hide_featured_image":false,"_jetpack_featured_image_duplicate_dismissed":0,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"{title}\n\n{excerpt}\n\n{url}","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false,"jetpack_post_was_ever_published":false},"categories":[425],"tags":[],"class_list":["post-17818","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-money-tips"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>8 Money Tips For Chinese New Year - CompareHero<\/title>\n<meta name=\"description\" content=\"You can tell that Chinese New Year is just around the corner when the shopping malls have put up their decorations. 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Happy Chinese New Year from CompareHero.my! Chinese New Year will be visibly different and quiet this year \u2014 \u00a0a common sight for Malaysians during festive periods in most recent times. Ever\u2026","rel":"","context":"In &quot;Lifestyle Finance&quot;","block_context":{"text":"Lifestyle Finance","link":"https:\/\/www.comparehero.my\/blog\/lifestyle-finance"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/how-to-celebrate-chinese-new-year-during-mco-covid-19.jpg?fit=1200%2C628&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/how-to-celebrate-chinese-new-year-during-mco-covid-19.jpg?fit=1200%2C628&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/how-to-celebrate-chinese-new-year-during-mco-covid-19.jpg?fit=1200%2C628&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/how-to-celebrate-chinese-new-year-during-mco-covid-19.jpg?fit=1200%2C628&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/how-to-celebrate-chinese-new-year-during-mco-covid-19.jpg?fit=1200%2C628&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":18731,"url":"https:\/\/www.comparehero.my\/blog\/lifestyle-finance\/cny-goods-budget.html","url_meta":{"origin":17818,"position":1},"title":"Where To Shop For CNY Goodies On A Budget","author":"CompareHero","date":"19 January 2020","format":false,"excerpt":"Written by Diana Lee. As much as we love celebrating Chinese New Year, there\u2019s bound to be a hole in your pocket after spending on preparations such as home decor, snacks, fashion, and red packets! To make CNY this year easier on your pocket, here\u2019s a guide to shop for\u2026","rel":"","context":"In &quot;Lifestyle Finance&quot;","block_context":{"text":"Lifestyle Finance","link":"https:\/\/www.comparehero.my\/blog\/lifestyle-finance"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/shopping-for-CNY-Goodies-On-a-Budget.jpg?fit=1200%2C628&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/shopping-for-CNY-Goodies-On-a-Budget.jpg?fit=1200%2C628&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/shopping-for-CNY-Goodies-On-a-Budget.jpg?fit=1200%2C628&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/shopping-for-CNY-Goodies-On-a-Budget.jpg?fit=1200%2C628&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/shopping-for-CNY-Goodies-On-a-Budget.jpg?fit=1200%2C628&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":17517,"url":"https:\/\/www.comparehero.my\/blog\/lifestyle-finance\/how-much-does-it-cost-to-celebrate-cny.html","url_meta":{"origin":17818,"position":2},"title":"#CNY2021 \u2013 How Much Does It Cost To Celebrate Chinese New Year During The MCO?","author":"CompareHero","date":"2 February 2021","format":false,"excerpt":"Celebrating Chinese New Year (CNY) during the COVID-19 pandemic and MCO will be a new experience for many Malaysians. Here\u2019s how you can enjoy the festive season safely in the new normal without overspending. This Chinese New Year will be different from past celebrations, as the COVID-19 pandemic casts a\u2026","rel":"","context":"In &quot;Lifestyle Finance&quot;","block_context":{"text":"Lifestyle Finance","link":"https:\/\/www.comparehero.my\/blog\/lifestyle-finance"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/cny-celebration-cost-5.jpg?fit=1200%2C628&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/cny-celebration-cost-5.jpg?fit=1200%2C628&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/cny-celebration-cost-5.jpg?fit=1200%2C628&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/cny-celebration-cost-5.jpg?fit=1200%2C628&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/cny-celebration-cost-5.jpg?fit=1200%2C628&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":17515,"url":"https:\/\/www.comparehero.my\/blog\/shopping-promotions\/cny-shopping.html","url_meta":{"origin":17818,"position":3},"title":"#CNY2021 &#8211; Shopee &#038; Lazada CNY Sale: 27 Last-Minute Gift Ideas For Your Family And Friends","author":"RinggitPlus","date":"28 February 2022","format":false,"excerpt":"Looking for gifts to buy for your family and friends this Chinese New Year (CNY)? 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We usually get excited for this\u2026","rel":"","context":"In &quot;Shopping &amp; Promotions&quot;","block_context":{"text":"Shopping &amp; Promotions","link":"https:\/\/www.comparehero.my\/blog\/shopping-promotions"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/shopee-lazada-cny-sale.jpg?fit=1200%2C628&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/shopee-lazada-cny-sale.jpg?fit=1200%2C628&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/shopee-lazada-cny-sale.jpg?fit=1200%2C628&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/shopee-lazada-cny-sale.jpg?fit=1200%2C628&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/shopee-lazada-cny-sale.jpg?fit=1200%2C628&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":45021,"url":"https:\/\/www.comparehero.my\/blog\/travel\/cny-reunion-dinners.html","url_meta":{"origin":17818,"position":4},"title":"#CNY2021 \u2013 Best Reunion Dinners Below RM50 Per Person","author":"CompareHero","date":"8 February 2021","format":false,"excerpt":"Planning a reunion dinner for Chinese New Year 2021? Here are the top budget-friendly CNY lunch\/dinner deliveries and pick-ups in the Klang Valley. Each of these feasts will cost you less than RM50 per person. 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