6 habits our Mozo Money Experts say are worth cultivating

By Gabriella Margerison · · 2 min read
Fact Checked

Managing your finances can be tricky, especially with the cost of living crisis many Aussies are facing. But fear not, our Mozo Money Experts have rounded up some cracker tips to help you nail your money goals. 

So if you’re ready to turn your cents into dollars and just make smarter money moves, take some advice from our gurus and make it happen!

1. Pay yourself first

Imagine if every payday was like finding a hidden stash of Tim Tams in the pantry. Exciting, right? Make it a habit to stash a portion of your income into a savings account before you even think about spending. It’s like treating your future self to a little financial cushion.

2. Track your spending

Keeping an eye on your expenses is crucial for staying on top of your finances. Regularly monitor where your money is going. Budgeting apps can help you see exactly how your dollars are being spent, allowing you to make smarter choices.

3. Build a buffer

Life’s full of surprises, some fun, some not so much. Be ready for the unexpected like a busted car or a surprise vet bill. Aim for at least three to six months' worth of expenses. It’s your financial safety net!

4. Automate your bills

Set up direct debits for your regular bills and payments. It’s like having a personal assistant who never forgets to pay the electricity bill. Plus, you’ll avoid those pesky late fees and keep your credit score shining bright like a diamond.

5. Plan for big purchases

Got your eye on a new car or planning a renovation? Instead of using credit, start a dedicated savings fund for big-ticket items or take advantage of a mortgage offset account. This approach can help you avoid debt and interest charges, making those large purchases more affordable in the long run.

6. Practise mindful spending

Before making a purchase, ask yourself if it’s a need or a want. Practising mindful spending helps you avoid impulsive buys and ensures that your money is going towards things that truly matter. This habit can lead to more thoughtful and intentional financial choices.

There you have it, folks! Six savvy money habits to help you take control of your finances and pave the way for a more secure and prosperous future direct from our Mozo Money Gurus. Remember, it's all about making those small, smart choices that add up to big wins.

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Last updated 23 January 2026 Important disclosures

  • High Interest Savings Account

    Maximum rate
    5.10 % p.a.
    (for $0 to $250,001)
    Bonus rate for the first 4 months from account opening
    Standard rate
    3.45 % p.a.
    (for $0 to $250,001)
    No Partner link

  • High Interest Save Account

    Maximum rate
    5.10 % p.a.
    (for $0 to $1,000,000)
    Welcome bonus rate for new customers for the first 4 months. Reverts to 4.35% bonus rate. Grow your balance by at least $1 per month, payable on total savings up to $1,000,000.
    Standard rate
    0.00 % p.a.
    (for $0 and over)
    No Partner link

  • Savings Accelerator

    Maximum rate
    5.00 % p.a.
    (for $150,000 to $500,000)
    New customers who open an account after June 9 2025 receive an introductory bonus 1.05% p.a. variable kick starter rate for the first 4 months on balances up to $500,000.
    Standard rate
    2.10 % p.a.
    (for $0 to $50,000)
    No Partner link

  • Life - 18-34 years old

    Maximum rate
    5.00 % p.a.
    (for $0 to $30,000)
    Make 20 eligible card purchases per month with a linked Westpac Choice account, make one eligible deposit and grow the balance each month. Account balance must not fall below $0.
    Standard rate
    0.10 % p.a.
    (for $0 and over)
    No Partner link

  • Smart Saver Youth Account

    • under 25
    Maximum rate
    4.95 % p.a.
    (for $0 to $50,000)
    Increase account balance by any amount and make no more than two withdrawals
    Standard rate
    0.05 % p.a.
    (for $0 and over)
    No Partner link

  • Future Saver Account - 14 to 35 years

    Maximum rate
    4.85 % p.a.
    (for $0 to $50,000)
    Transfer a minimum of $1,000 into your linked Everyday Account and make 5 eligible transactions. Bonus interest criteria waived for account holders 14-17 years of age.
    Standard rate
    0.05 % p.a.
    (for $0 and over)
    No Partner link

  • Easy Saver

    Maximum rate
    4.80 % p.a.
    (for $0 to $250,001)
    Bonus variable intro rate for the first 4 months
    Standard rate
    4.00 % p.a.
    (for $0 to $250,001)
    No Partner link

  • Growth Saver

    Maximum rate
    4.75 % p.a.
    (for $0 to $25,000)
    Minimum deposit of $200 and no withdrawals in the month
    Standard rate
    0.10 % p.a.
    (for $0 and over)
    No Partner link

  • Savings Maximiser

    Maximum rate
    4.75 % p.a.
    (for $0 to $100,000)
    Deposit $1,000 into a personal ING account, make 5 eligible transactions with a linked Orange Everyday account and grow the balance each month.
    Standard rate
    0.01 % p.a.
    (for $0 and over)
    No Partner link

  • Reward Saver Kick Start Account - Up to 30 years old

    Maximum rate
    4.75 % p.a.
    (for $5,000 to $100,000)
    Minimum deposit of $20 and no withdrawals in the month.
    Standard rate
    0.00 % p.a.
    (for $0 and over)
    No Partner link

  • Bonus Saver

    Maximum rate
    4.75 % p.a.
    (for $0 to $100,000)
    3 month intro bonus rate of 0.40%. Minimum deposit of $100 and no withdrawals in the month.
    Standard rate
    0.00 % p.a.
    (for $0 to $0)
    No Partner link

  • PremiumSaver

    Maximum rate
    4.65 % p.a.
    (for $0 to $250,001)
    Increase balance by $200 by the end of each month
    Standard rate
    0.60 % p.a.
    (for $0 and over)
    No Partner link

  • Boss Saver

    Maximum rate
    4.65 % p.a.
    (for $0 to $100,001)
    Minimum $500 deposited into linked transaction account, and 5 Visa Card transactions from that account
    Standard rate
    0.20 % p.a.
    (for $0 and over)
    No Partner link

  • Savvy Saver Account

    Maximum rate
    4.65 % p.a.
    (for $0 to $100,001)
    Minimum $500 deposited into linked transaction account, and 5 Visa Card transactions from that account
    Standard rate
    0.20 % p.a.
    (for $0 and over)
    No Partner link

  • Hello Saver Account

    Maximum rate
    4.60 % p.a.
    (for $0 to $100,001)
    Bonus variable rate is available for the first 4 months. Intro rate only available to new Mystate Bank customers
    Standard rate
    4.25 % p.a.
    (for $0 to $100,001)
    No Partner link

  • Savings Account

    Maximum rate
    4.60 % p.a.
    (for $0 to $250,000)
    Bonus variable rate is available for the first 4 months.
    Standard rate
    4.25 % p.a.
    (for $0 to $2,000,000)
    No Partner link

  • Maxi Saver

    Maximum rate
    4.60 % p.a.
    (for $0 and over)
    Bonus rate for the first 6 months from account opening. Including a 0.45% bonus for new accounts opened online.
    Standard rate
    1.00 % p.a.
    (for $0 and over)
    No Partner link

  • Maxi Saver

    Maximum rate
    4.60 % p.a.
    (for $0 and over)
    Bonus rate for the first 6 months from account opening. Including a 0.45% bonus for new accounts opened online.
    Standard rate
    1.00 % p.a.
    (for $0 and over)
    No Partner link

  • Maxi Saver

    Maximum rate
    4.60 % p.a.
    (for $0 and over)
    Bonus rate for the first 6 months from account opening. Including a 0.45% bonus for new accounts opened online.
    Standard rate
    1.00 % p.a.
    (for $0 and over)
    No Partner link

  • Netsave Account

    Maximum rate
    4.60 % p.a.
    (for $0 and over)
    Introductory interest rate for the first 4 months after the account is opened.
    Standard rate
    0.75 % p.a.
    (for $0 and over)
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  • Goal Saver

    Maximum rate
    4.60 % p.a.
    (for $0 to $50,000)
    Deposit $500 by electronic transfer (excluding telegraphic transfers) into your Everyday Edge Account and make 5 card transactions per month.
    Standard rate
    0.50 % p.a.
    (for $0 and over)
    No Partner link

  • HomeME Savings Account

    Maximum rate
    4.60 % p.a.
    (for $100,000 to $1,000,001)
    Deposit $2,000 into linked SpendME account each month from an external account.
    Standard rate
    0.05 % p.a.
    (for $0 and over)
    No Partner link

  • Smart Saver Account

    Maximum rate
    4.60 % p.a.
    (for $0 to $250,001)
    Transfer a minimum of $1,000 into your linked Everyday Account and make 5 eligible transactions.
    Standard rate
    0.05 % p.a.
    (for $0 and over)
    No Partner link

  • Saver

    • Grow & Flow
    Maximum rate
    4.60 % p.a.
    (for $0 to $250,000)
    Make 5 or more successful card purchases per calendar month using your Up debit card and digital wallets (ATM transactions excluded). Earn the Grow Rate of 4.60% p.a. on Savers with no withdrawals for the month up to $250k, otherwise earn the Flow Rate of
    Standard rate
    0.00 % p.a.
    (for $0 and over)
    No Partner link

  • U30 Super Charge Account

    Maximum rate
    4.50 % p.a.
    (for $0 to $10,000)
    Standard rate
    4.50 % p.a.
    (for $0 to $10,000)
    No Partner link

  • Saving Account

    Maximum rate
    4.50 % p.a.
    (for $0 and over)
    bonus rate for 3 months
    Standard rate
    2.50 % p.a.
    (for $0 and over)
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  • Home Saver

    Maximum rate
    4.50 % p.a.
    (for $0 to $100,000)
    Deposit $2,000 by electronic transfer into your Everyday Edge Account and make 5 purchases with your Visa debit card each month.
    Standard rate
    0.50 % p.a.
    (for $0 and over)
    No Partner link

  • Boost Saver with Go Account - Lock Saver Feature

    Maximum rate
    4.50 % p.a.
    (for $0 to $250,000)
    Bonus rate without the Lock Saver is up to 4.20% p.a. Enable Lock Saver Feature to earn 4.50% p.a. with 32 day’s notice for withdrawal and deposit $1,000 from another financial institution into your linked Go Account and settle 5+ transactions per month.
    Standard rate
    0.05 % p.a.
    (for $0 and over)
    No Partner link

  • Bonus Saver

    Maximum rate
    4.50 % p.a.
    (for $0 to $99,999)
    minimum deposit $100, no withdrawal allowed
    Standard rate
    0.01 % p.a.
    (for $0 and over)
    No Partner link

  • Reward Saver Account

    Maximum rate
    4.50 % p.a.
    (for $0 to $1,000,000)
    Intro bonus rate of 4.50% for balances up to $1,000,000 for the first 4 months, reverting to 2.50%. Minimum deposit of $50 and no withdrawals.
    Standard rate
    0.00 % p.a.
    (for $0 and over)
    No Partner link
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