Various kinds of Mizuhiki exist, and they come in a range of knots and colors that cater to the needs of the respective settings in which they are used. When the gift is money, it is customary to present it in a folded paper envelope and tied with Mizuhiki. Envelopes presented at auspicious events are called “Shugi-bukuro,” while the ones used for funerals are called “Bu-shugi-bukuro.” The envelopes that are used for these purposes range from simple ones with an image of Mizuhiki printed on them to those that have been imprinted with elegant designs of cranes, tied with a Mizuhiki. These envelopes can be purchased at convenience stores as well as stationery stores.