Otoshidama is a Japanese tradition where children receive money as a New Year's gift. This custom typically involves parents, relatives, and family friends giving small envelopes containing cash to children during the New Year celebrations. The amount can vary, but it is often a token sum meant to bring good luck and prosperity for the year ahead. The practice of otoshidama is rooted in the Japanese New Year festivities, known as Shōgatsu. It symbolizes the hope for a prosperous year and is a way for adults to express their affection and support for the younger generation. Children often look forward to this tradition as a fun way to receive money.