The leading body in charge of toy retail has revealed the highly anticipated Christmas ëwish listí for children. With some toys in the top ten retailing at almost £80, it could be worth saving now in preparation for some serious seasonal spending.
The Toy Retailers Association (TRA) claims that this yearís set of products ìhave a technological twist to them.î One toy in the top 12 is a doll that doubles up as a bedroom light, ingenious!
Gary Grant, Chairman of the TRA’s Dream Toys selection panel, said; “We’ve seen some amazing technological advancements from the toy industry. This doesn’t mean to say that the toys are ‘techy’, rather that technology has been used to enrich the whole experience of play.
“Throughout the top 70 toys we’re also seeing a fantastic mix of the old and new ñ including traditional brands like Scalextric powering into 2012 with an Olympic-inspired set; a board game of skill and action based on the phenomenon that is the Angry Birds app; and classic characters such as Mickey Mouse brought bang up to date for today’s savvy kids.
All proving that the industry continues to be incredibly forward thinking, innovative and adaptable.”
Whilst the toy industry looks forward to the annual boost in sales, personal finances could take a dive as a result of overspending during this festive season.
The latest research from HSBC found that people will spend an average of £560 over the holiday period. Brits are set to spend an average of £378 on gifts for their immediate family, and an additional £183 on food, drinks and entertainment at Christmas.
With less than 60 days to go, there is still some time left if you wish to save. If you are concerned about Christmas spending this year, it could be a good idea to start saving now and avoid any last minute nightmares.
Compare savings with Money Expert.