News archive for December 2024

For many Australians, sending money overseas at Christmas is as much a tradition as putting up the tree. But while international money transfers have become cheaper over the past decade, the latest figures from the World Bank and the Australian Competition & Consumer Commission’s (ACCC) latest transparency push confirm that choosing the right provider still makes a big difference to how far your money goes this festive season.

Whether you’ve got your eye on a new electric car model, a family sedan or your dream sports car, the end of year and Boxing Day sales are the perfect time to drive off with a new car at a bargain price as dealers are keen to clear stock before the New Year. But before you head to the showroom, it’s smart to ensure your finances are in order.

Saving for Christmas can sometimes feel like a last-minute scramble, but what if you could start now and take all the stress out of gift-giving in 2025? Term deposits are a reliable, under-utilised tool that can help you save effectively and make your money work harder. While they’ve been overshadowed by savings accounts and everyday transaction accounts, term deposits offer unique advantages for goal-specific savings like your festive spending.

At the start of the year, we threw out a few guesses about where home insurance might be headed. Now that 2024 is almost done and dusted, it’s time to see how our predictions stacked up.

Last year, we threw out a few predictions about where car insurance in Australia was headed. Now that 2024 is almost done, it’s time to see how we did. Were they spot on, off the mark or somewhere in the messy middle?

From tiny homes to new tech, there’s plenty happening in the world of home insurance, and 2025 looks like it could be another interesting year.

From AI to telematics and questions about regulation, the Australian car insurance space might just be more exciting than you thought.  And if you’re curious about what’s next, you’re in the right place.

Welcome to the final Mozo Money Moves for 2024 – and what a year it’s been!

Pascale Helyar-Moray, professional speaker, first-time author, and founder of Grow My Money, is passionate about closing the gender superannuation gap.

We've copped it on costs in 2024, haven’t we?

Amid higher costs, Aussies have been trying to save money in 2024. But economic uncertainty and the sluggish fight against inflation hasn’t helped.

Welcome to Mozo Money Moves, your go-to weekly finance wrap, unpacking the latest pricing shifts in Australia’s retail banking landscape.

With the holidays almost here, it’s a good time for home buyers to regroup. After all, it’s been a challenging time for both those stuck with high mortgage rates and those trying to break in amid lofty prices.

Despite the lowest inflation figures in years, the Reserve Bank of Australia (RBA) has kept its foot on the brakes. What’s holding them back?

With Christmas fast approaching, the festive spirit is in full swing, but that doesn’t mean your wallet has to feel the pinch. Whether you’re hosting a family feast or simply want to add some holiday sparkle, you can create a magical atmosphere without overspending. Here’s how to craft a trendy, budget-friendly Christmas wonderland, drawing inspiration from this year’s hottest decorating trends.

This week, there's been a mix of big moves and important updates for Aussie consumers. The Commonwealth Bank hit pause on controversial account changes after facing a major backlash over assisted withdrawal fees. Meanwhile, the Reserve Bank is expected to leave the cash rate unchanged as 2024 wraps up.

After a quiet October, November brought welcome gains for superannuation members, with strong international share performance leading the way. SuperRatings estimates that the median balanced option delivered a 2.4% return for the month, helping to solidify what has been a better-than-expected year.

It’s the end of the year, which means the festive season is here! From Christmas shopping to summer holidays, December can be one of the priciest months of the year. Not to worry – Our December 2024 Financial Checklist is jam-packed with tips to help you keep your finances intact this silly season!