In your country, when do people usually give money as a gift?

In my country, the act of giving money as a gift is often intertwined with cultural and social traditions. Primarily, this practice is prevalent during significant life events such as weddings and birthdays. For instance, at weddings, it is customary for guests to offer monetary gifts to the couple to aid in their new life together. Similarly, during birthdays, especially milestone ages, friends and family may present cash as a way of ensuring the recipient can purchase something they genuinely desire. Additionally, during festivities such as the Lunar New Year, it is common to give red envelopes filled with money to children and younger relatives, symbolizing good fortune and prosperity. This monetary gesture not only reflects generosity but also serves as a practical gift, allowing recipients the freedom to choose their own presents.