On February 1, China and many Asian communities around the world will start celebrating the Lunar New Year. This holiday lasts for two weeks and has many old traditions.
People march in parades and watch fireworks. They get new clothes to start off the new year fresh. And some people clean their homes to get rid of last year’s dust.
Many family members also give each other red envelopes with money inside. The color red is a symbol of good luck. Kids are often encouraged to spend the money right away on things that make them happy. But not everyone follows that advice.
Leo Kahn, 11, lives in New York and gets envelopes from his grandparents every year. He says, “Instead of spending the amount given to me, I save all of it in the bank for later.”