Who’s been winning with Mozo?

Mozo’s social media communities were buzzing throughout June when we gave our Facebook, Twitter and Google+ friends a few tests and challenges to earn their title as Australia’s most savvy money saving community, here’s how it all went down. Google+ At the beginning of June, the Mozo’s homepage had a facelift. To find out what Mozonians thought…

Is Australia a nation of Money Wasters?

Tweet your pledge to stop wasting money with the hashtag #MoneyWaste to @mozo_au and the best tweet could win a $200 Visa gift voucher. Australia, this is an intervention. Research by Mozo has uncovered a startling fact: we’re a nation of money wasters, throwing away over $25 billion on expenses that are easily avoidable. Our biggest money…

Your interest rate crash course – part 2

Last time we discussed the reserve bank cash rate and its effect on commercial interest rates, as well as how interest rates affect your savings deposits. Next up we’ll take a look at how interest rates affect your borrowing from the bank, a little more complicated than deposits but well worth investigating as the rewards…

Your interest rate crash course – Part 1

Have you been sheepishly been shying away from all the recent conversation on interest rates, not exactly sure what it means in general, or even worse how it affects your own personal finances? Never fear Mozo is here with a interest rate crash course that will have you on top of your savings game and…

Fitting Lenders Mortgage Insurance into the puzzle

If you’re a first home buyer going through the rounds of a home loan comparison, you’ve likely come across a requirement for lender mortgage insurance and asked yourself, what exactly is this insurance and its purpose? Buyers with less than 20% deposit for their property are considered to be a higher risk of default by…