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.
*Intro bonus rate of 1.50% for first 3 months, reverting to 1.20% after. Bonus interest only applies when you deposit $2,000 into your Go Account and make 5 debit card purchases, direct debit or BPAY payments in the previous month. If you are between 18 and 25 you need to deposit $1,000 and fulfil the other criteria.
*Bonus rate for the first 4 months from account opening, reverting to standard variable rate. Rate shown is for Personal customers and is subject to change. Different rates apply to Business/SMSF customers.