Money savvy resolutions to save you a bundle in 2018

Kelly Emmerton

16 Jan 2018

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If your main resolution for this year was to finally save up enough cash for that overseas holiday, new set of wheels or kitchen renovation, then we have some news for you. By committing to just one of our list of financially savvy resolutions, you can save hundreds - stick to all of them, and you could have almost $30,000 in your bank account by next Christmas.

“By making a few changes to your everyday routine - some as small as making your own coffee instead of buying it - you can save a big chunk of cash over 2018,” said Mozo Director Kirsty Lamont.

Perhaps unsurprisingly, quitting smoking was not only good for your health, but lead to the biggest savings for your wallet as well, with $12,848 up for grabs for those who commit to going cold turkey.

Banning booze for two nights a week also represented big savings of $4,160 for beer lovers and $3,640 for those who prefer wine, while taking leftovers for lunch instead of shelling out $10 for a takeaway could save you $2,400. Ditching a $4 coffee every morning could mean an extra $960 in your rainy day fund.

Resolving to pay off lingering credit card debt was another resolution set to save Aussies money, with room to save $443 in interest by switching the average debt of $4,200 onto a balance transfer card.

“By snagging a balance transfer offer with at least a 12 month interest free period and then paying off just $80 a week, cardholders could get their balance down to zero, and save over $400 on interest,” Lamont said.

Balance transfer cards to save you money in 2018 - rates updated daily

  • Promoted

    Apply By 30 May 2019

    Qantas Money Qantas Premier Platinum

    0% p.a. for 18 months and then 21.99% p.a.

    19.99% p.a.

    $299 $149 in the first year

    Receive 70,000 bonus Qantas Points when you spend $3,500 within 90 days of card approval, and an additional 30,000 bonus points after the first anniversary of the card. $299 per year. Special Offer- $149 annual fee for the first year, offer ends 30 April 2019.

    • 0% p.a. for 18 months and then 21.99% p.a.

    • $299 $149 in the first year

    • 19.99% p.a.

    • 55

    • 21.99% p.a.

    • 3%, min $3.00

    • Points are automatically credited to the Qantas Frequent Flyer program.

    Read our Mozo Review to learn more about the Qantas Premier Platinum

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  • Promoted

    Apply By 30 April 2019

    Woolworths Everyday Platinum Credit Card

    0% p.a. for 14 months and then 21.99% p.a.

    19.99% p.a.

    $49 $0 in the first year

    Perfect for practical spenders, pay no annual fee in the first year and save up to $50 on your Woolies shop each month. Plus new cardholders can score a $50 Woolies eGift Card when you spend $150 a month for the first 3 months. Too easy!

    • 0% p.a. for 14 months and then 21.99% p.a.

    • $49 $0 in the first year

    • 19.99% p.a.

    • 55

    • 21.99% p.a.

    • 3%, minimum $5

    • Woolworths Money Shopping Card sent every 4 months if enough points have been accrued.

    Read our Mozo Review to learn more about the Everyday Platinum Credit Card

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  • Promoted

    Apply By 30 May 2019

    Qantas Money Qantas Premier Everyday

    0% p.a. for 9 months and then 21.99% p.a.

    0% p.a. for 9 months then 19.99% p.a.

    $49

    20,000 bonus points if you apply by 30 May 2019 and spend $3,000 in the first 90 days. 0% purchase rate for first 9 months (19.99% afterwards).

    • 0% p.a. for 9 months and then 21.99% p.a.

    • $49

    • 0% p.a. for 9 months then 19.99% p.a.

    • 55

    • 21.99% p.a.

    • 3%, min $3.00

    • Points are automatically credited to the Qantas Frequent Flyer program.

    Read our Mozo Review to learn more about the Qantas Premier Everyday

    Details Close

  • Promoted

    Apply By 06 May 2019

    American Express Qantas Ultimate Card

    0% p.a. for 12 months and then 20.74% p.a. (1.00% balance transfer fee)

    20.74% p.a.

    $450

    Receive a whopping 100,000 bonus Qantas Points when you apply online by 6 May 2019, are approved, and spend $3,000 on your new Card within the first 3 months. This offer is available to new Card Members only. For eligibility, simply earn above $65,000 and have a good credit score. Credit Card Provider of the Year in the Mozo Experts Choice Awards 2018.^

    • 0% p.a. for 12 months and then 20.74% p.a. (1.00% balance transfer fee)

    • $450

    • 20.74% p.a.

    • 44

    • Points are automatically credited to the Qantas Frequent Flyer program.

    Read our Mozo Review to learn more about the Qantas Ultimate Card

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  • Promoted

    Apply By 30 April 2019

    HSBC Platinum Credit Card

    0% p.a. for 22 months and then 21.99% p.a.

    19.99% p.a.

    $129 Refunded when you spend over $6,000 p.a

    0% p.a. on balance transfers for 22 months. Conditions apply. Travel like a high-flier with 2 airport lounge passes every year.

    • 0% p.a. for 22 months and then 21.99% p.a.

    • $129 Refunded when you spend over $6,000 p.a

    • 19.99% p.a.

    • 55

    • 21.99% p.a.

    • 3%, min $4.00

    • Redeem your points for travel, gift cards, retail rewards and shopping gift cards.

    Read our Mozo Review to learn more about the Platinum Credit Card

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If you like a challenge, check out Mozo’s list of resolutions below and see how many you can stick to in 2018 - and how much cash you can save!

  • Quit smoking - quitting a pack-a-day habit at a cost of $32.50 per pack could save you $12,848

  • Pay off credit card debt - clearing the average credit card debt of $4,200 using a 12 month balance transfer deal could save you $443

  • Ban the booze - giving up beer two nights a week could save you $4,160, while wine lovers stand to pocket $3,640

  • Ditch the morning coffee - break the habit of grabbing a takeaway $4 coffee each day to save $960

  • Junk the junk food - between swapping a morning muffin for a muesli bar brought from home ($561), eating yummy leftovers instead of buying lunch ($2,400), replacing the afternoon choccy with an apple ($360) and swearing off takeaway for three nights a week ($3,120), you stand to save a whopping $6,481.

  • Exercise and socialise - instead of paying for a gym membership and catching up with friends over Sunday brunch, make going for a walk or a swim your social activity of choice and save $780

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