As much as we love to take leave and spend time with our families, it’s the time of year when all our sensible advice around spending money carefully and saving for the future goes out the window.
There is a flurry of demands for everyone’s hard earned money - particularly from children. So we thought: what would happen if we asked one of our top economists to take a look at kid’s letters to Santa Claus and advise them on the most sensible gifts to ask for based on their true value.
This is what our economist had to say to some South African children between the ages of five and seven. We were a bit surprised by his advice on the dragon but otherwise we feel we’ve made some future Wealthsmiths™.
Well if you’ve cut down on the gifts that will be discarded after a week or two and want to put some money away to afford something of greater value in the future, try our Investment calculator below.
Happy holidays - now and for many years to come.
This is the total investment return, including the tax-free savings benefit.
This is the investment return without the tax-free savings benefit.
These are the total payments made into a tax-free savings account.
The tax free savings and investment calculator assumes an investment in a balnaced fund with a return of inflation plus 4% per year before fees for investors under 65 years. These values are not guaranteed and are for illustrative purposes only.
A financial planner can help you make the most of what you have - contact us today.