Children’s top Christmas list requests this year include clothes, money and books.
A study of 1,000 children and their parents found 65 per cent of kids would be happy with money instead of physical presents as gifts – including digital currency or gift cards that they can spend how they want.
And a quarter even said they’d prefer it.
Arts and crafts sets, tablets, games consoles and sleepwear also featured on the top 20 list of desired Christmas presents.
It also emerged 32 per cent of parents plan to give their child money this year, though only 49 per cent of these will opt for physical cash.
Will Carmichael, CEO of NatWest Rooster Money, which commissioned the study, said: “With the range of digital options out there, the use of cash in our day-to-day lives is dropping and that means we need to continually evolve how we engage and manage money with our children.
“Digital forms of currency are taking on a crucial and growing role, with many parents saying these are not only easier to track but can give kids more independence.
“We can’t predict how the format of money will continue to evolve in the future – so the point here is around choice and giving people options depending on their age and context.
“The best thing we can do is have open conversations and engage with our kids from early on, to help them grow into healthy spenders, earners and savers.”
The study also found a traditional 40 per cent of parents prefer to give physical gifts to their kids at Christmas.
Of these, 56 per cent think tangible gifts their kids can hold in their hands feel more special, and 29 per cent believe their children understand the value of physical gifts more.
And 20 per cent go a step further to say physical gifts provide their

Source article

Load More Related Articles
Load More By Entertain The Kids
Load More In Christmas
Comments are closed.

Check Also

These are the top 20 excuses people have used to get out of a date – including feeling ill and family emergencies

People will tolerate an average of 51 minutes of a bad date before making their excuses to…