Money savvy resolutions to save you a bundle in 2018

By Kelly Emmerton · · 3 min read
Fact Checked
Advertiser disclosure

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

Search promoted credit cards below or do a full Mozo database search. Advertiser disclosure.
Balance transfer calculator: how much money could you save?
1
2
3
4
I need to transfer
I can repay
each month
My current interest rate is
% p.a.
My current annual fee is

Transfer amount:

$

Monthly repayment:

$

Current interest rate:

%

Current annual fee:

$

Change my values

We've updated the table to show your savings!(how are they calculated?)
  • NAB Low Rate Card - Balance Transfer Offer

    Spend with confidence with a low 13.49% p.a. variable purchase rate and 0% p.a. interest on balance transfers for the first 28 months (T&Cs apply). 2% balance transfer fee applies. There’s also up to 55 interest free days on purchases to help you manage your budget better when you make minimum repayments. Minimum credit limit $1,000. No annual fee for the first year (usually $59).

    Balance transfer rate
    Purchase rate
    Annual fee
    Rewards program
    Estimated savings
    0% p.a. for 28 months and then 21.74% p.a. (2.00% balance transfer fee)
    13.49% p.a.
    $59 $0 in the first year
    -
    Find out more
    Details
  • Apply By 30 April 2024
    Citi Premier

    120,000 bonus points when you spend $4,000 within 90 days from card approval. Complimentary features like travel insurance and concierge.

    Balance transfer rate
    Purchase rate
    Annual fee
    Rewards program
    Estimated savings
    0% p.a. for 6 months and then 22.24% p.a.
    21.49% p.a.
    $300 $150 in the subsequent years if you spend $48,000 on eligible purchases or cash advances in previous year., $150 in the first year
    Citi Rewards Program
    Find out more
    Details
  • Bank of Queensland Blue Visa Credit Card

    Balance transfer rate
    Purchase rate
    Annual fee
    Rewards program
    Estimated savings
    0% p.a. for 9 months and then 21.74% p.a.
    0% p.a. for 9 months then 20.74% p.a.
    $60
    Q Rewards
    Find out more
    Details
  • Apply By 14 May 2024
    Virgin Money Virgin Australia Velocity Flyer Card - Balance Transfer Offer

    Get in the air with a $129 Virgin Australia Gift Voucher each year. 0% p.a. for 28 months on balance transfers.

    Balance transfer rate
    Purchase rate
    Annual fee
    Rewards program
    Estimated savings
    0% p.a. for 24 months and then 20.99% p.a.
    20.74% p.a.
    $149 $0 in the first year
    Velocity Frequent Flyer
    Find out more
    Details
  • Bankwest More Classic Mastercard

    Earn 1.5 More Rewards points per $1 spent on eligible purchases. Plus, if you meet the minimum annual spend, you'll receive a bonus 19,500 points every year.

    Balance transfer rate
    Purchase rate
    Annual fee
    Rewards program
    Estimated savings
    0% p.a. for 6 months and then 19.99% p.a. (1.00% balance transfer fee)
    19.99% p.a.
    $100
    Bankwest More Rewards
    Find out more
    Details

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

^See information about the Mozo Experts Choice Credit Card Awards

Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.

While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.