This Chinese New Year, most families are celebrating in a big way without spending big, mainly due to the economic crunch.
“Most of it is wasted in the end anyway,” said the mother of two.
“This year, my children used their savings to buy pineapple tarts from a single mother to give to their teachers,” Ooi said. To help local businesses, Ch’ng decided to buy cookies from them this year, adding: “Instead of spending on expensive cookies sold at the malls, I bought traditional cookies to give as gifts this year.”
“I am single, so it does not affect my new year’s budget as much. However, this year I have tried to spend more cautiously such as buying fewer new shirts,” he added.“The amount I spent was based on my bank account balance, not the credit card limit,” he noted. For language instructor Suzanna Yusoff, 57, from Ulu Kelang, although Chinese New Year brought about shopping opportunities with sales offered, it was important to keep track of what was being spent.
Freelance content writer P. Selvi from Subang Jaya said her family decided against going for a trip during the Chinese New Year holidays as hotel room rates and other accommodations had shot up.
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