News archive for July 2022

July 2022

What is a recession and how can you prepare

What is a recession, and how can you prepare?

Aussies have been doing it tough. After weathering a year of high inflation, stubbornly elevated interest rates, and relentless cost-of-living pressures, many households are still feeling the financial squeeze. While inflation has eased slightly and the Reserve Bank of Australia (RBA) delivered its first rate cut in four years, the economic outlook remains shaky.

Will banks lend you money to invest in shares

Will banks lend you money to invest in shares?

There are lenders out there who will let you borrow money specifically for investing in shares. This kind of borrowing is usually through a margin loan. However, before diving in, it’s crucial to understand that this option comes with considerable risks, and you should seek professional financial advice to navigate the ins and outs.

Can i transfer my share holdings from one platform to another

How to transfer your shares to a new trading platform

If you’re considering switching share trading platforms, you’ll likely need to transfer your shares to your new account. There are numerous reasons to make the switch, such as lower brokerage fees, enhanced features like live market data, or access to robo-advice.

Articles

25 odd and easy hacks for saving money

So you want to save more money but are short on ideas? Well, I’m here to give you 25 very different, perhaps even odd ways to save money with the help of Mozo’s content team.

New on binge

What's coming to Binge in November 2023

If you’re after a streaming service with a heavy content rotation for you to work your way through, you’ve come to the right place.

Articles

8 tips to make your household budget go further

With interest rates on the rise, the inflation of food, petrol and services also trending upwards, and the average paycheck finding it hard to keep up with these rising costs, most of us are sharply focused on how we spend our money.While it's hard to quickly increase your income, reducing your outgoings can be easier than you think by making smarter choices that could stretch your budget out further. Even small savings can quickly add up and make a big difference to your family’s budget.So if you’ve got money on your mind and are looking for some easy ways to spend less on your household expenses without making any radical changes, read through our 8 tips to help your budget go the extra mile.

What kind of property could you afford if you were on netflix stranger things

Stranger Things: Take the Hawkins property affordability test

So you’re thinking of moving to Hawkins, Indiana. Welcome to Hell – er, we mean the most exciting town in all of Middle America! With local charm, a wide variety of nostalgic properties to choose from, and definitely no demogorgons, there’s something for everyone and every budget in this perfect midwestern slice.

How has the cash rate affected business savings accounts

How has the cash rate affected business savings accounts?

Since the RBA rate hike in May, quite a number of financial institutions have increased savings account rates, including for business savers. In fact, Mozo’s database recorded an increase by 25 of the 49 business savings accounts we track during this time period.

How aussie attitudes on cost of living compare to the rest of the world

How do Aussie attitudes on cost of living compare to the rest of the world?

As Aussies, it’s easy to forget that we’re living on a little island disconnected from the rest of the world. With the cost of living continuing to climb, and rising rates adding pressure on homeowners (all while home ownership feels like a distant fantasy for others), you’d be forgiven for feeling a little less than optimistic about the financial future.

Insurance report 2022 uninsured australia and the rising costs of protection

Mozo’s Insurance Report 2022: Uninsured Australia and the rising costs of protection

After two years of intense flooding, gale force winds, and raging bushfires, Mozo’s latest survey research has found almost half (49%) of Australians believe climate change is driving up their insurance premiums. Severe weather events have forced many to claim on their policies, with losses for homes and cars alike topping an estimated $4.8 billion.

Home insurance providers that reward your good adulting

Home insurance providers who reward good adulting

Adult life seems to be 90% maintenance. Whether it’s keeping up with bills or household care, it’d be nice if someone rewarded – or even noticed – our efforts from time to time. Luckily, some home insurance providers absolutely do.

Circles life crushes the cost of living with a mobile plan price freeze

Circles Life crushes the cost of living with a mobile plan price freeze

Alarmed by your phone bill? No wonder! Inflation has hit all corners of the cost of living, from groceries to energy to even our MVNO on Optus’s 4G Plus network, Circles Life claims the Big Price Freeze promotion could save customers up to $600 over eighteen months and keep plans 10-40% below average mobile costs.

Which banks do aussies trust bendigo bank and ing lead the way

Which banks do Aussies trust? Bendigo Bank and ING lead the way

Your bank has access to your most important personal information and your money, so being able to trust them is oh-so-important. With trust accounting for 75% of a brand’s reputation, it’s also important that your bank is able to secure your trust.

Australia s first islamic bank set to open soon

Australia’s first Islamic Bank set to open soon

The Australian Prudential Regulation Authority (APRA) has officially authorised the first Australian Islamic bank to have a restricted deposit-taking license under the Banking Act.

July 2022 financial checklist

July 2022 Financial Checklist

A pinch and a punch for the first day of the month! July 2022 is here, and so is your monthly Financial Checklist!

Mozo s top school holiday streaming suggestions for july

Mozo’s top school holiday streaming suggestions for July

If you’re dreading the upcoming school holidays and are not sure how to keep the kids occupied for two weeks, here are some movie and TV suggestions on streaming platforms. The weather makes it a perfect time to stay in with a few favourites!

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