6 Year end money moves worth making for 2025
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As the year winds down, it’s the perfect time to tick off a few financial to-dos that’ll set you up for a stronger 2025. From giving your savings a festive boost to double-checking you’re getting the best value for your money, here’s your Mozo-approved checklist for savvy year-end money moves.
1. Review your budget for the year ahead
Take stock of your 2025 financial goals. Whether it's saving for a holiday or reducing debt, a solid budget can help you stay on track. Need a savings partner? Compare high-interest savings accounts to give your money a head start.
Our top picks
Rabobank High Interest Savings Account
This award-winning account from Rabobank offers a cracking introductory rate of 5.60% p.a. for the first four months on balances up to $250K, and the ongoing rate is a competitive 4.35% p.a.. There are no pesky minimum balance or minimum deposit requirements, and as there are also no account fees you can enjoy both hassle-free and fee-free saving.
ING Savings Maximiser
The ING Savings Maximiser’s 5.50% maximum interest rate is hard to beat. You can earn a high bonus rate of interest when you make 5 card purchases on your linked ING translation account, deposit at least $1,000 and grow your balance every calendar month. The maximum interest rate is available on balances up to $100,000 and there are no monthly account fees.If bonus interest conditions are not met in a calendar month, the standard variable rate of 0.55% p.a. will apply in the next calendar month. Mozo Experts Choice Award winner^.
2. Check your emergency fund
Life throws curveballs, so make sure your emergency fund can handle them. A competitive savings account can help you build that safety net faster.
3. Audit your subscriptions
From streaming services to fitness memberships, the little things can add up. Take a moment to cut out any that aren’t delivering value.
4. Compare your insurance policies
Home, car, or life insurance; could you be paying less? Use Mozo to help you compare to ensure you’re getting the best bang for your buck.
5. Score a better deal on your credit card
Holiday spending can hit hard if you’re not using the right credit card. Consider switching to a low-interest or 0% balance transfer card, some even come with bonus points or cashback offers.
Our top picks
NAB Low Rate Credit Card
- Low ongoing purchase rate of 13.49% p.a
- Up to 55 days interest free
- 0% p.a. on balance transfers for 28 months (3% BT fee)
The NAB Low Rate Credit Card has the key card basics covered: a low ongoing interest rate of 13.49% p.a., up to 55 days interest free days and a low annual fee of $59. If you’re looking to consolidate debt there is an enticing 0% p.a. balance transfer offer for 28 months but a 3% balance transfer fee applies (T&Cs apply). Any balance at the end of the balance transfer period will revert to the high cash advance rate of 21.74% p.a. As part of the Visa network, you’ll be able to use the NAB Low Rate card at millions of locations around the world. Plus, there are no foreign transaction fees. The minimum credit limit with this card is $1000.
Citi Rewards
- 0% on purchase for 15 months
- 0% on balance transfers for 15 months (2% balance transfer fee)
- Rewards your way: travel, shopping or cash back
Right now, with the Citi Rewards credit card you can enjoy 0% p.a. on all purchases for 15 months (reverts to the standard purchase rate of 21.49% p.a.). You’ll earn 1 Citi reward points for every dollar you spend domestically (capped at 10,000 per statement period) on eligible transactions and 1 point for every dollar internationally on eligible transactions which you can then spend in a number of different ways from travel to shopping. The card comes with up to 3 months complimentary travel insurance when you pay at least $500 of your upfront travel costs on the card, are under 81 years and have a return ticket before departing Australia. The annual fee is $199 and you can have up to 4 additional cardholders ($90 per card, annually). There is also a 0% p.a. balance transfer offer of 15 months available (which will revert to the cash advance rate of 22.99% p.a.) with a 2% balance transfer fee. The minimum credit limit on this card is $2000.
6. Shop around for energy
The new year is a great time to switch to a more cost-effective energy provider. Use our energy hub to help you compare, make the switch and potentially save.
Start ticking off your list today, and make 2025 your most financially savvy year yet!
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