Spring Festival is also - and very much - about the smart money and gifts that must go round and round in the famous red envelopes. Yao Minji peeks inside. It's red envelope or hongbao season.

Introducing children to the world of finance can be challenging, yet the envelope system provides a simple and effective way to teach them about money management. This method involves dividing a ...

If that sounds like a familiar problem, the “cash envelope system” might just be your last hope. Check Out: Warren Buffett — 10 Things Poor People Waste Money On Read Next: 7 Reasons a ...