25 odd and easy hacks for saving money

piggy banks against a yellow background

So you want to save more money but are short on ideas? Well, I’m here to give you 25 very different, perhaps even odd ways to save money with the help of Mozo’s content team.

These hack have been trialled, tested and approved by our writers. Hey, they worked for us so why not give them a try!

Your 25 odd money saving hacks start here:

  • Cut open tubes of things and squeeze everything out so you don’t waste any. This should include lip balm.
  • Use bleach instead of fancy cleaning products. One part chlorine bleach and four parts water should kill every grubby grody germ/mould/bad vibe your house has.
  • Quit fabric softener. 
  • Use sauce glass jars as containers, vases or pen holders.
  • Buy clearance grocery items like bread (with 1 or 2 days left on the use-by) and freeze them until you need to eat them.
  • Live in your in-laws’ extra property rent free.
  • Dilute the last of your shampoo, body wash and conditioner with water.
  • Wash, reuse and recycle ziplock bags.
  • Same goes for takeaway containers.
  • Never turn on the aircon. Yes this includes your car.
  • Holey sock? Sew it closed. No one will know.
  • Use only half a tissue. Save the rest for later (again, no one will know!).
  • Don’t turn on the lights until the last ray of sunshine is gone.
  • Go shopping late at night to get all the fresh produce on sale.
  • If your work offers free fruit, make it part of your breakfast.
  • Use the dishwasher or washing machine only during off peak hours.
  • Request extra packets of salt and pepper, say goodbye to the salt shakers.
  • Buzz all your hair off, no need to worry about getting haircuts. 
  • Don’t forget to use your cashback and points when online shopping.
  • Use Gumtree or Facebook Marketplace for furniture.
  • Borrow your friends’ clothes, forget to give them back.
  • Don’t buy books, use your local library.
  • Get home brand goods rather than big brand names.
  • Sell your old clothes on Depop or Facebook Marketplace.
  • Get a cheaper phone plan.

With these tips, you might save a couple of dollars here and there. But the real question is: where do I stash my extra dollaroos? 

A savings account of course!

Best savings account to put your money

Every year, a team of experts at Mozo sift through data to find out which savings accounts could be a top home for your money. The accounts that offer the best deals are then crowned Mozo Expert Choice Savings Award^ winners–hopefully making your savings account search a bit easier.

Alternatively, you can use our savings accounts comparison table below to peruse through more options.

Savings account comparisons on Mozo - last updated 28 May 2024

Search promoted savings accounts below or do a full Mozo database search. Advertiser disclosure
  • Mozo Expert Choice Badge
    High Interest Savings Account

    5.75% p.a. (for $0 to $250,001)

    4.40% p.a.(for $0 to $250,001)

    Yes up to $250,000

    Bonus rate for the first 4 months from account opening

    Reward yourself with a higher rate for your good savings habits with the Rabobank High Interest Savings Account. No Account keeping fees. No minimum balance. Support Aussie farmers with every dollar you save.

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    Details
  • Savings Account

    5.35% p.a. (for $0 to $250,000)

    4.75% p.a.(for $0 to $1,000,000)

    Yes up to $250,000

    Bonus variable rate is available for the first four months.

    Competitive introductory variable rate for first 4 months (on deposits up to $250,000). No account keeping fees to pay. Multiple 2023 Mozo Experts Choice Award winner.

    Compare
    Details
  • High Interest Save Account

    5.10% p.a. (for $0 to $250,000)

    0.10% p.a.(for $0 and over)

    Yes up to $250,000

    Deposit at least $200 to either Spend, Bills or Save account from an external source each month.

    No monthly fees on any of your save accounts. Split your money with up to 10 Save accounts. Set savings targets and track the progress of all your Save accounts. Deposits guaranteed up to $250K per customer.

    Compare
    Details
  • Mozo Expert Choice Badge
    AMP Saver Account

    5.40% p.a. (for $0 to $250,000)

    1.20% p.a.(for $0 to $5,000,000)

    Yes up to $250,000

    Enjoy a bonus rate when you deposit at least $1000 per month with the AMP Saver Account.

    No account fees. Unlimited transactions when linked to an AMP Bank transaction account. Easy online access to your money. Option to link your savings account to an everyday transaction account. 2024 Mozo Experts Choice Award winner.

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    Details
  • Reward Saver Account

    5.25% p.a. (for $0 to $1,000,000)

    0% p.a.(for $0 and over)

    Yes up to $250,000

    Intro bonus rate of 5.25% for balances up to $1,000,000 for the first 4 months, reverting to 3.25%. Minimum deposit of $50 and no withdrawals.

    Introductory bonus rate for balances up to $1,000,000 for the first 4 months. Minimum deposit of $50 and no withdrawals. Start your account online in under 10 minutes and earn interest on balances up to $1,000,000 (T&Cs apply). No monthly account fees, helping you save smarter and faster.

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    Details
  • Bonus Saver Account

    5.00% p.a. (for $0 to $250,000)

    0.05% p.a.(for $0 and over)

    Yes up to $250,000

    Bonus rate when at least $20 is deposited each month and five Visa Debit transactions are made each month using linked Glide transaction account.

    Start saving and earn interest with just a $20 deposit and make 5 eligible transactions each month. No fees or penalties for withdrawing money.

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    Details
  • Savings+Bonus

    5.00% p.a. (for $0 to $250,000)

    2.00% p.a.(for $0 to $250,000)

    Yes up to $250,000

    Minimum $100 monthly deposit and no withdrawals to earn bonus interest each month.

    Earn a generous interest rate on your at-call savings (T&Cs apply). Interest is calculated daily and paid to you monthly. A $5 monthly membership fee will not apply if your total account balances with First Option Bank exceed $1,000 or you have a credit card or loan with the bank.

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    Details

^See information about the Mozo Experts Choice Savings Account Awards

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