In your culture, are there certain times when money is usually given as a gift?

In my culture, there are indeed specific occasions when monetary gifts are traditionally bestowed, reflecting both social customs and practical considerations. For instance, during significant life events such as weddings and graduations, it is customary to provide monetary gifts, often in the form of cash envelopes. This practice serves multiple purposes: it grants the recipients flexibility in utilizing the funds according to their needs, and it allows the giver to contribute meaningfully without the risk of presenting an unwanted item. Additionally, during festive seasons like the Lunar New Year, it is common for adults to give children red envelopes filled with money, symbolizing good luck and prosperity. This practice not only enhances familial bonds but also instills in younger generations the importance of financial literacy and responsible management of resources.