Red envelopes are really popular during traditional festivals like Chinese New Year. They are a symbol of good luck and prosperity, which is why many people prefer giving them. They're also very convenient and easy to give, especially to children and younger family members. It's a tradition that's been around for a long time and holds cultural significance.

On the other hand, some people prefer giving other kinds of gifts during traditional festivals. Personalized gifts, like food, clothing, or electronics, are popular among close friends and family. These gifts show thoughtfulness and reflect personal relationships and preferences. They can be more memorable and meaningful compared to red envelopes.

Some people choose to give a combination of both red envelopes and other gifts. This approach allows them to cover all bases, giving red envelopes for formal occasions and personalized gifts for more personal ones. It depends on the relationship and the festival. This way, they can maintain traditional practices while also incorporating modern preferences.