Some families may even invite a dance troupe into their homes as well.
Firecrackers are lit as these shall bring good luck and fortune.
Married family members hand red envelopes (called in Mandarin) with money to others to show their goodwill and give blessings for the new year to the other family members. Always make sure to give an even number of gifts or in the amount of money.
So always at least two mandarins, two packets or two coins.
And make sure your plate is never empty, as this would be seen as your luck has run out.
Food is often prepared up to a week before, so one must not use a knife or fire for cooking on New Years day, as cutting with a knife for many would symbolise ill luck.
The spring festival festivities for the new year take 15 days in most countries.
The new year is often celebrated with dragon dances, lion dances, gift exchanging and fireworks.
It ends typically with lantern festivals on the 15th day of the first calendar month.
See below an image from the Pingxi Sky Festival which is celebrated in Taiwan every year to end the new year's festivities.