Talking Points: should parents hold on to your lai see money for safekeeping?

Talking Points: should parents hold on to your lai see money for safekeeping?

Hate it when you can’t talk back? Well, you can with Young Post. Have your say and share with students around Hong Kong

Cindy Wong, 16, St Paul’s School (Lam Tin)

Having our parents keep our lai see is definitely the safest way to go. Otherwise, we may spend all the money on things that bring us short-term happiness, which contributes to a materialistic lifestyle.

Learning to save for the future is an essential skill. It’s always good to be prepared for the unexpected.

Daniel Ku Yung-hei, 14, Hong Kong & Kowloon Chiu Chow Public Association Secondary School

I can see some benefits in parents keeping their children’s lai see. This is because kids will use the money to buy meaningless things like toys, accessories, or fast food. They do things without thinking properly while parents really know their children’s needs.

But I actually don’t agree with this idea, because lai see really belongs to the children. It is a gift, something to be enjoyed with no strings attached. If my parents keep my money, I won’t be able to buy what I want. So kids should keep their lai see for themselves.

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Savio Shi Chit-hei, 13, Law Ting Pong Secondary School

I don’t think so. We have to learn to be responsible because our parents can’t take care of us forever. Our parents can give us suggestions on how to spend the money, but we should make the final decision.

If we do not use the money wisely, then we will have to face the consequences. Money management is a very important life skill, and the lai see we get during Lunar New Year offers us a golden opportunity to learn it.

Christine Li Sik, 17, PLK Wu Chung College

We should give our lai see to our parents to ease their financial burden. This is because our parents, too, need to hand out lai see to other children during Lunar New Year.

Also, parents are much better at money management. Teenagers are not mature enough and it is not uncommon to see some of them spending all their lai see money on useless things. On the other hand, most parents would put the money in their children’s bank accounts and use it for things like university tuition fees.

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Sunnie Ng, 15, PLK Ma Kam Ming College

Yes, they definitely should. Our parents have far more life experiences than us, so they know how to use the money in a more worthwhile way. Take my parents, for example. They would deposit my money in a bank account and use it for future expenses, such as fees for extracurricular activities. There’s no doubt that teenagers (myself included) are not mature enough to manage their money. That’s why we should give all our lai see money to our parents.

Krystal Liu, 16, St.Paul’s School (Lam Tin)

I would prefer the lai see money be kept by the children so they can develop a proper concept of money management and consumption, even at a young age. They can learn about saving for more appropriate things such as tuition fees, stationery, and donations to charities.

Besides, if parents help them keep the lai see money, it will produce a sense of dependency on the parents and they will never know how to handle money themselves.

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Helen Liu, 16, Fung Kai Liu Man Shek Tong Secondary School

Some people think that parents should not hold on their lai see money. To be frank,I cannot agree with their opinion for these reasons.

From a rational point of view,I don’t think teenagers can control their wants and shopping urges. Teenagers always dip into savings to buy things that only benefit them in the short term, like cosmetics for me.

Also, most teenagers aren’t very careful and they always forget things. Sometimes they receive lai see but they lose track of where it is after a while and just forget about it. That’s like throwing money down the drain.

In conclusion,parents should hold on to my lai see money for safekeeping.

Sliema Xu Huen-lau, 14, Tin Shui Wai Methodist College

No, I don’t think so. Student should learn about money management, you can’t just help them keep track of their money forever. They could take all the lai see and give part of it back weekly. Then the students would then slowly learn about not wasting all their money at once, and about how precious money is.

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Andy Lau, 16, St Louis School

I don’t think so. During Chinese New Year, lai see money is a symbol of luck from relatives and should be considered their property. It’s also a good time for the teenagers to learn about financial management. For example, they can plan how to use their money wisely by investing or donating money. Moreover, they can learn to be more responsible as they have to make sure to keep the money safe.

Agnes Choi Wing-yan, 16, Ma On Shan Tsung Tsin Secondary School

Yes, they should. Children and teenagers are easily attracted by materialistic purchases. They are still not mature enough to manage the large sum of lai see money. They will just spend all of it.

If parents hold on to their children’s red packet money for safekeeping, children can save for important things in the future like a graduation trip or university fees. . It is definitely more useful than buying unnecessary things.

In our next Talking Points, we’ll discuss:

Should students have to pay to sit public exams?

We are now accepting your answers for this topic. To take part, email your answer with your name, age, and school, along with a nice, clear selfie (make sure it’s not blurry), to by lunchtime on Monday. Don’t forget to include “Talking Points” in the subject line.

Edited by M. J. Premaratne

This article appeared in the Young Post print edition as
Should parents hold on to your lai see money for safekeeping?


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