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 31 October 2019

    Qantas Money Qantas Premier Everyday

    0% p.a. for 12 months and then 21.99% p.a.

    19.99% p.a.

    $49 $29 in the first year

    Receive Up to 42,000 points (7,000 points each month for the first 6 months when $1k or more each month). With a low annual fee of $29 for the first year.

    • 0% p.a. for 12 months and then 21.99% p.a.

    • $49 $29 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 Everyday

    Details Close

  • Promoted

    Suncorp Clear Options Platinum

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

    0% p.a. for 14 months then 20.74% p.a.

    $129 $49 in the first year

    Save with 0% interest for 14 months on Purchases and 0% p.a. for 14 months on Balance transfers. Plus, $49 annual fee for the first year, offer ends 30 September 2019.

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

    • $129 $49 in the first year

    • 0% p.a. for 14 months then 20.74% p.a.

    • 55

    • 21.99% p.a.

    • 3.50%, min $3.50

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

    Read our Mozo Review to learn more about the Clear Options Platinum

    Details Close

  • Promoted

    CUA Low Rate Credit Card

    0% p.a. for 13 months and then 21.74% p.a.

    11.99% p.a.

    $49 $0 in the first year

    0% balance transfer rate for 13 months and up to 55 interest free days. No annual fee for the first year and $49 after.

    • 0% p.a. for 13 months and then 21.74% p.a.

    • $49 $0 in the first year

    • 11.99% p.a.

    • 55

    • 21.74% p.a.

    • 2.00%, Min $3.50

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

    Details Close

  • Promoted

    Apply By 31 October 2019

    Qantas Money Qantas Premier Platinum

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

    19.99% p.a.

    $299 $199 in the first year

    Receive up to 120,000 points (20,000 points each month for the first 6 months when spending more than $1.5k each month). $50 Wine voucher & 0% p.a. on balance transfers for 18 months.

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

    • $299 $199 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

    Details Close

  • Promoted

    Apply By 31 December 2019

    HSBC Platinum Qantas Credit Card

    0% p.a. for 12 months and then 21.99% p.a.

    19.99% p.a.

    $79 $0 in the first year

    Earn up to 1 Qantas Point per $1 spent on eligible purchases and $0 Annual Fee in the first year. Balance Transfer 0% p.a. Balance Transfer for 12 months from non-HSBC credit cards on application.

    • 0% p.a. for 12 months and then 21.99% p.a.

    • $79 $0 in the first year

    • 19.99% p.a.

    • 55

    • 21.99% p.a.

    • 3%, min $4.00

    • Points are automatically accredited to the Qantas Frequent Flyer Program.

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

    Details Close

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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