While the Santakini might find a welcome home under Sacha Baron Cohen’s Christmas tree, it’s certainly not going to be a present many Australians will be dipping into their savings accounts to buy this year.
That’s because the festive mankini topped Mozo’s 2018 list of stupidest Christmas presents following a nationally representative survey of over 1,000 Australians, with a stuffed unicorn toy in a can and beer shower holder rounding out the top three places.
“There’s certainly nothing wrong with a little novelty at Christmas, but unwrapping a Santakini might not leave everyone’s bells jingling,” said Mozo Director, Kirsty Lamont.
“And while a little Christmas creativity can lighten the mood during the festive season, overspending on pointless presents can be a real drain on the family finances.”
According to newly released figures from ING, 75% of Australians don’t actually end up using the gifts they receive at Christmas.
And given that Mozo predicts Australians will have racked up credit card debt in the region of $32 billion by the end of the festive season, many Aussie families may be weighing up the pros and cons of novelty gift giving this year.
However, if you know your brother would make great use out of a shower beer holder or you’re just looking for the best bargain buy for your work’s secret santa, here’s the full list of Mozo’s Stupidest Christmas Presents for 2018.
Australia’s 10 Stupidest Christmas Presents
Looking for the best way to give your savings account balance a boost before the festive season starts?
A bonus rate savings account could be just the ticket. Check out some great bonus rates in the deals below, or head over to Mozo’s Savings Account Comparison Hub for even more offers.
*Bonus rate when at least $20 is deposited each month and five Visa Debit transactions are made each month using linked Everyday or Glide transaction accounts.
Mozo may receive advertising fees from the financial institutions, issuers of financial or credit products and third party advice providers that are shown on this page. These fees are based on a cost per click, cost per acquisition, or a fixed fee.