Money savvy resolutions to save you a bundle in 2018

Kelly Emmerton

16 Jan 2018

Money reolutions save content

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. Advertiser disclosure.

  • Virgin Money Virgin Australia Velocity Flyer Card - Balance Transfer Offer

    0% p.a. for 28 months and then 20.99% p.a.

    20.74% p.a.

    $129 $0 in the first year

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

    • 20.74% p.a.

    • -

    • 0% p.a. for 28 months and then 20.99% p.a.

    • 20.99% p.a.

    • 55

    • 0.0

    • 3.30%

    • $129 $0 in the first year

    • $30.00

    • 2.7%, Min $2.70

    Read our Mozo Review to learn more about the Virgin Australia Velocity Flyer Card - Balance Transfer Offer

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  • Virgin Money Virgin Australia Velocity High Flyer Card

    0% p.a. for 12 months and then 20.99% p.a.

    20.74% p.a.

    $289

    Earn up to 100,000 bonus Velocity Points (minimum spend applies) plus snag a $129 Virgin Australia Gift Voucher and two free Virgin Australia domestic Lounge passes each year to kickstart your travel adventures.

    • 20.74% p.a.

    • -

    • 0% p.a. for 12 months and then 20.99% p.a.

    • 20.99% p.a.

    • 44

    • 3.30%

    • $289

    • $30.00

    • 2.7%, Min $2.70

    Read our Mozo Review to learn more about the Virgin Australia Velocity High Flyer Card

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  • Westpac Low Rate

    0% p.a. for 28 months and then 21.49% p.a. (1.00% balance transfer fee)

    13.74% p.a.

    $59 $0 in the first year

    Enjoy a super low rate of 13.74% with 55 days interest free plus 0% balance transfer for up to 28 months at 1% BT fee. No annual card fee for the first year, $59 thereafter. New Cards only. Offer ends February 24th 2022. T&C's and exclusions apply.

    • 13.74% p.a.

    • -

    • 0% p.a. for 28 months and then 21.49% p.a. (1.00% balance transfer fee)

    • 21.49% p.a.

    • 55

    • 0.0

    • 3.00%

    • $59 $0 in the first year

    • $15.00

    • 3%

    Read our Mozo Review to learn more about the Low Rate

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  • Great Southern Bank Low Rate Credit Card

    0% p.a. for 33 months and then 21.74% p.a.

    11.99% p.a.

    $49 $0 in the first year

    0% balance transfer rate for 25 months and up to 55 interest free days. No annual fee for the first year and $49 after. Mozo Experts Choice Balance Transfer Platinum Credit Card Winner 2020^

    • 11.99% p.a.

    • -

    • 0% p.a. for 33 months and then 21.74% p.a.

    • 21.74% p.a.

    • 55

    • 0.0

    • 3.40%

    • $49 $0 in the first year

    • $12.50

    • 2.00%, Min $3.50

    Read our Mozo Review to learn more about the Low Rate Credit Card

    Details Close

  • Bankwest Breeze Mastercard

    0% p.a. for 15 months and then 9.90% p.a.

    0% p.a. for 15 months then 9.90% p.a.

    $49 $0 in the first year

    Enjoy 0% p.a on balance transfers for 15 months then 9.90% thereafter. No annual fee for the first year. Limited time only. Other fees, T&Cs apply. New Breeze Mastercard customers only.

    • 0% p.a. for 15 months then 9.90% p.a.

    • 0% p.a. for 15 months

    • 0% p.a. for 15 months and then 9.90% p.a.

    • 21.99% p.a.

    • 55

    • 0.0

    • 2.95%

    • $49 $0 in the first year

    • $25.00

    • 2%, Min $4.00

    Read our Mozo Review to learn more about the Breeze Mastercard

    Details Close

^See information about the Mozo Experts Choice Credit cards Awards

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