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An economist responds to kids letters to Santa

Even for the born-savers among us, December is always a difficult month.

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™.

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Want to save for the future?

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.

 

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