I liked getting red envelopes as a kid...but my mom took all my red envelopes.
I think she said something about the money going to college funds...or using it to pay back for future red envelopes. Either way, she told me I was too young to know how to use it wisely. I think I'm too old to get any nowadays. At least, I don't think I'll get any until I get married and have my Taiwanese or Chinese relatives giving them as a way to congratulate me. That won't happen as long as I am single though.
I'll probably celebrate Chinese New Year this weekend with my grandma, though I was also invited to a birthday party on Saturday on the same day my family planned on seeing my grandma for a Chinese New Year lunch. I know Chinese New Year is Thursday.