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.

Mozo may receive payment if you click products on our site. We don’t compare the entire market, but you can search our database of 255 savings accounts using the filters.
Last updated 5 January 2026 Important disclosures

  • Savings+Bonus

    Maximum rate
    4.25 % p.a.
    (for $1 to $250,000)
    Minimum $100 monthly deposit and no withdrawals to earn bonus interest each month.
    Standard rate
    1.75 % p.a.
    (for $1 to $250,000)
    Go to site
    • Enjoy bonus interest when you meet criteria
    • Access your money at any time via app
    • $250K maximum balance
Showing 1 results from 255 savings accounts. Use the filters to see more

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.