Are you considering switching your bank account? Whether you're looking for better rates, fewer fees, or improved services, changing your bank account can be a smart financial move. This guide will walk you through the process in four easy steps.
Osko is a fast and convenient payment network that operates under the NPP (New Payments Platform) in Australia. Launched in 2018, it allows users to make real-time payments between participating banks and financial institutions, ensuring money is transferred almost instantly.
Open banking is an innovative process aimed at revolutionising traditional banking systems across the world and has been implemented in Australia since 2020. The notion of consumer-centric banking has the potential to change how you handle your personal finances. It’s important to be aware of what open banking means for your future money management.
There's a growing movement in Australia to combat climate change and promote ethical practices across various industries. One area gaining significant attention is the banking sector, with many Australians now considering the environmental and social impact of their financial choices. If you're contemplating a switch to ethical banking, this comprehensive guide will walk you through everything you need to know.
Gone are the days when you had to pull out your wallet or write a cheque to pay back a friend or settle a bill. With internet banking and online accounts, sending money to friends, family, or businesses is a breeze.
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By offering digital only access, providers can make banking a more convenient service. But what exactly are online banks and how do they differ from traditional banks?
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When deciding who to manage your money with, there’s more than just traditional banks to choose from. So, what makes mutual banks, and credit unions different? Let’s have a closer look.
If you're an investor looking to streamline your finances, a cash management account might be the solution you need. Whether you're managing your own super fund, investing in shares, or collecting rental income from an investment property, a cash management account (SMA) can help. In short, it keeps your investment money separate from your everyday spending while still earning competitive interest rates.
Bank account providers offer a range of accounts to suit the needs of different users. Below, we explore some of the bank account options available in Australia.
Opening a bank account in Australia is a straightforward process that can often be completed in just a few minutes, either online or at a branch of your chosen provider. However, to make sure you make the right choice, it's worth investing some time in researching what different bank accounts have to offer.
When you first start to compare NBN plans, you might be understandably stumped by what each NBN speed actually means. To determine which speed is right for you, you’ll want to consider how many people are using the internet in your household, and what their usage is like.
If you’re searching for an internet plan, you might have noticed that two of the major options available to you are NBN and 5G home internet. But which exactly is the better choice?
There’s a lot to consider comparing NBN plans, and if you’re searching for a discount on NBN 100, we’ve done the research for you and have found a good range of deals you can sign up for right now.
Disney+ : It’s the happiest streaming platform in the world! Whether you’re a die-hard Disney fan or a Marvel maniac – with its massive content library, Disney+ has something for everyone.
Streaming services have provided hours upon hours of entertainment for Aussie families, with households able to utilise their broadband to access a multitude of movies and series at our fingertips like never before.
Choosing the right mobile broadband plan for your lifestyle can be a difficult task. With a range of providers all offering different plans, it can be hard to decide which one may suit.
It’s 2023 folks, which means you’ve probably got more app and streaming subscriptions than you can count on one hand. But managing multiple subs can feel like a full-time job - and can cost a tonne.
So, you’re a gamer looking for a broadband plan to suit your gaming needs? Well, you’ve come to the right place!
The NBN is now commonplace for many Aussies, with around 8 million households and businesses connected to the network as of 2021, according to the ACCC .
Whether you’re no longer happy with your current NBN provider, or you’re simply after a better deal - there are plenty of reasons as to why you might want to switch broadband plans.
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An SMSF term deposit is designed to help the members of a self managed super fund save money. In short, the SMSF can invest a sum for a fixed period of time, be it a few months or a few years, and build on that initial investment through a fixed interest rate. Just as is the case with a regular term deposit, interest can be paid monthly, quarterly or at the end of the term.
See more business banking guides
In November 2021, a survey from SaaS cloud banking platform Mambu showed that Aussies love Buy Now Pay Later (BNPL), with 24% of Aussies using BNPL compared to just 11% of people globally, and the trend has continued.
See more buy now pay later guides
Driving into the golden years doesn't have to mean driving up your car insurance premiums. If you're over 60 and on the hunt for a more wallet-friendly policy, we've got your back. We've sifted through the details to bring you insights into securing affordable car insurance tailored to seniors.
If you drive for or are considering driving for ridesharing platforms like Uber or Didi, you can often extend your private, personal-use car insurance policy to cover your business-related activities. In this guide, we'll explain how this works, along with the insurance options available to you.
Under 25 and gearing up for a drive? Before you zip off for beach trips or late-night snack runs, let’s get you sorted with a car insurance policy that’s got your back for everything from bumper bingles to major oopsies.
Carrying just the bare minimum Compulsory Third Party (CTP) car insurance? Buckle up, because if you're in an accident without proper additional coverage, things could get bumpy. This guide takes you through different scenarios to show what financial and legal potholes you might hit - whether you caused the crash or not.Let's take a closer look.
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Have more than one car in your household? That means you qualify for a multi-car insurance policy and can potentially save on your premium. Here’s everything you need to know about insuring more than one vehicle under the same policy.
Short term car insurance isn’t necessarily a product that you can buy off the shelf from insurance providers. Instead you’ll have to opt for one of a few little workarounds. Let's explore your options for staying covered without a long-term commitment.
Is comprehensive car insurance worth it? We think it is in most cases. But let’s peek behind the curtain and find out when it really shines, and when it may be better to go with a lower level of cover.
When it comes to your car, you might think compulsory third party insurance (CTP) is enough to protect you financially (not to mention legally). But that's not necessarily true.
No one wants to be involved in a car accident, but it's not a perfect world full of perfect drivers. That's why it's best to be prepared in case you run into a minor prang, or are involved in something more serious.
Imagine you're driving and suddenly, a pebble strikes your windscreen. The thought of paying a $1,000 excess for such a small incident is daunting, isn't it? That's exactly what windscreen insurance, also known as excess-free windscreen cover, is designed to prevent.
Dealing with car troubles can be a real hassle and often quite expensive. If you’re caught in a jam trying to foot the bill for a big service or unexpected repairs, you might consider taking out a car repair loan (also referred to as a personal loan) to help cover the cost.
Whether you’re about to apply for a car loan or still just thinking about it, you’ve come to the right place! Before choosing a lender, we suggest reading up on some of Mozo’s car loan tips and tricks.
There is no doubt about it: Cars can be expensive. But for many Aussies, access to a car is essential, so the thought of not being able to pay off a car loan can be pretty stressful.
Once you’ve made the decision to get your first car, all you want to do is hit the road.
Buying a car, whether new or second hand is an exciting time.
Thinking of selling your car?
When considering purchasing a car, the matter of what you can afford is a huge question. First off, you need to determine whether or not you plan to buy the car outright. And if you plan to get a loan, how much money you are willing to sacrifice towards repayments.
Vehicle finance, or car finance, refers to money you borrow in order to purchase a car. Whether you choose to take out a car loan from a bank or from the car dealership, you’ll have to pay what was lent to you over a certain period of time with the addition of interest.
When buying a car, where do you start? Will your decision be based on the shape, the brand or how many passengers it can carry?
Cars are a necessary part of everyday life that let you get to work, the shops or weekend destinations conveniently. But they can also be expensive and sometimes shelling out a large lump of cash up front isn’t a viable option. That’s where car loans come into play. A car loan can help you get the finance you need, for the car you want.
When it comes to credit cards, we always think of that classic piece of advice: “Don’t spend beyond your means”. There’s a little more to it than that when it comes to managing your credit card balance, so buckle up! We’re diving in.
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The world of banking and financial technology has come a long way in recent years, with card payments fast replacing cash as Australia’s preferred payment method, and emerging payment technologies such as mobile wallets and wearable payments becoming increasingly popular alternatives.
As exciting as it is to head on holidays, planning can be prone to stresses of its own. One of the many choices you’ll have to make is how to finance your trip.
Credit cards may not have the best reputation, as the media is often quick to portray the negative connotations associated with them. If you lack self-discipline, a credit card can run you into trouble with debt levels beyond your comfort. On the other hand, credit cards are a very useful financial tool and when used properly, there are many benefits to having the card available in your wallet.
Being a pensioner might make getting a credit card more difficult, but it does not necessarily disqualify you.
If you've never taken out a person loan before or investigated getting a credit card, you may not have come across the concept of a credit rating or 'creditworthiness'. But if you are looking for some kind of financing in the future, this score and the file it sits in could impact the kind of loan options you can access.
Whether you’re new to the game, or you’ve been swiping your credit card for years, I think we can all agree that the whole ‘interest-free period’ thing can be totally discombobulating! Which is why we’ve put together this guide for you! So you can walk away knowing what credit card interest-free days are and how they work.
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A few years ago, you may have never come across the term “interchange fees”. Instead it was reserved for those in the banking world to discuss the profit margins of banks.
Looking for a rewards credit card from one of the big four banks? But don't know whether to choose Westpac, NAB, CommBank or ANZ?
Your credit card has many benefits and features you may not even be aware of; some help you out when travelling, others will save you money while and you can even get a credit card that makes you feel like a celeb! So take a look at Mozo’s comprehensive list of plastic perks so you make the most of your credit card features.
While some Australians still rely on cash for everyday purchases, bank cards are a much more common form of payment. There are a number of different types of cards available, including debit cards. But what’s the difference between a debit card and a credit card? And can you use a debit card when shopping online or paying bills?
When it comes to your wallet, it's easy for all of the cards to start to blend together. If you've got yourself a debit card, you might start to wonder what makes credit cards different, and whether you need one or the other - or both!
We tend to hear talk about debit cards and EFTPOS used interchangeably, but it’s important to know what each term actually means (and that you’ve got the right one in your wallet).
Most of us use debit cards on a daily basis. They even seem to be becoming the norm over physical cash, with the takeaway shop lady reaching for the eftpos machine before she even asks me how I’d prefer to pay.
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Picture this: you’re out to grab a few groceries - you pick up your milk, bread, veggies and a sneaky chocolate bar - and head over to the counter. How are you going to pay?
Energy prices have been climbing in Australia over the last few years and Aussies are feeling the pressure.
Mid year is a good time to do a financial check-in and see if there are opportunities to save money on your regular household expenditure, including your energy bill.
When you rent, you’re often at the mercy of the property’s existing appliances, gas and electricity fixtures, and how well your place retains or keeps out the heat.
Every find it annoying when you're trying to read your electricity bill, only to get stuck at all the confusing terminology? Nothing worse than paying for something you don't understand!
Have you ever felt like you’re overpaying for electricity? It might be time to switch energy plans. Thousands of Australians fight back against rising electricity bills each year by comparing the electricity plans available in their area and switching to save money.
Is the cost of your energy bill a shock to the system and a burden on your bank account? It’s easy to overuse energy without realising, resulting in an expensive energy bill.
In the face of overwhelming but completely understandable climate anxiety, it’s time to get proactive. So roll up your sleeves: let’s see what you can do.
Water heating is a fairly large cost on most household energy bills, accounting for up to 30% on average. While we’ve previously written some tips to cut down on the cost of hot water, installing a solar hot water system could dramatically decrease the amount you spend on home energy.
Green hydrogen is a growing industry, with billions of dollars of investment in what has been described as a “fuel of the future”. But as the clean energy transition continues around the world, where does green hydrogen fit into the picture?
With energy providers flocking to clean power initiatives, carbon offset programs have seen a rise in population. While they differ from bringing renewable energy into your household or taking part in a GreenPower program, carbon offsetting is an efficient way to cut down on the emissions of your home.
Each year, our Mozo Experts Choice Home Insurance Awards spotlight the best value home insurance policies—meaning the cheapest options relative to similar options.
Starting life in a new rental often means unpacking boxes, finding the nearest coffee shop, and making the space your own. Insurance might not top your to-do list, but it probably should.
Home is where the heart is, and ensuring it's protected with the right home insurance is key to peace of mind. When faced with unexpected events like fire, theft or vandalism, knowing how to navigate the claims process is crucial.
Imagine a fire breaks out and destroys one of your home’s upstairs bedrooms. The quote to fix it is $50,000 but your insurance says ‘sorry, you’re underinsured. we can only give you $25,000’.
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Understanding how home insurance premiums are calculated isn't just about peeking behind the curtain. It's about taking an active role in the process and equipping yourself with the knowledge to make smart decisions about your cover.
Mould is one of the many grey (in some cases green or black) areas of home insurance that, if not taken care of early, can cause irreversible damage to walls and linger beneath your carpet.
For the last three years, Australia has weathered one natural disaster after another. From the devastating Black Summer bushfires to three years of record-breaking floods, home insurance premiums have skyrocketed to compensate for the surge in claims, as highlighted in the 2022 Mozo insurance report.
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Picture a quiet day at home suddenly interrupted by a ball breaking your window - a classic case of playtime gone wrong. This is where accidental damage insurance shines. Unlike standard home and contents insurance, which covers you for things outside of your control, like theft and natural disasters, accidental damage insurance comes to the rescue for everyday mishaps, or dare we say, clumsiness.
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If you own a holiday home, your insurance options fall into two categories: one for renting the property out, and another for personal use only. If it’s just for you, home and contents insurance is what you’re after.
Severe weather has surged home insurance premiums across Australia, from coastal cities to interior bushlands. Mozo's research found that 22% of policyholders have had to reduce their level of coverage to relieve the cost pressure – but this can be a disaster in itself.
See more home insurance guides
Paying off your mortgage ahead of time can feel like a daunting task, but there are ways to pay down your home loan faster – and doing so can save you thousands in repayments.
Most people understand the basic concept of refinancing – switching out your home loan for a new one with a lower rate, better features, or a more favourable loan term. This is usually known as a rate-and-term refinance.
There are two types of home loan repayment options: principal and interest (P&I), and interest-only (IO).
Most investors seek to maximise their return on investment, so why would it be any different when we talk about rental yields from an investment property?
When you apply for a home loan, lenders use all sorts of measurements to understand if you’re a good fit for their product. One measurement involves calculating your debt-to-income (DTI) ratio.
As Australian home prices continue to rise, the amount we need to save to get a home loan increases too. But what is the average home deposit in Australia in 2024?
Getting home loan pre-approval can be an important step on your way to buying a home. While not essential, it does give you an idea of how much you can borrow, and it signals to sellers that you’re a genuine prospective buyer.
Refinancing is a popular option for homeowners who want to reduce their mortgage repayments, access home equity, and save money on their home loans.
Capital gains tax (CGT) is a tax you pay when you sell an investment asset such as property and make a profit (a capital gain).
A property valuation is necessary if you’re applying for a home loan or want to find out how much your place is worth. But what is a property valuation, how does it work, and how much does it cost?
Shrinkflation is the practice of shrinking the size of consumer products while maintaining the price.
Official interest rates, also known as the cash rate, have been the source of countless news stories in recent years, with each movement generating plenty of chatter about the state of the economy, monetary policy, and the general direction it’s all heading.
When shopping for a home loan, you’ve probably noticed something called a comparison rate sitting beside the interest rate. But what is the difference between the two? Why is the comparison rate important?
The Reserve Bank of Australia has held interest rates steady for two months in a row. Inflation has slowed meaningfully enough for the central bank to wait and see for now, which is great news for those struggling under the weight of rate hikes.
Rainy day funds are essential, and earning interest is a fantastic and easy way to give them a boost. But how do the banks calculate your interest payments?
When you take out a loan, whether it’s a car loan, home loan or amount on a credit card, you’ll have to pay back both the amount you borrowed and interest on top of it. But what do we mean by that?
There are a lot of things you need to research and consider before making any kind of financial decision. One of those is your interest rate.
Good question. An interest rate is a fee you're charged for borrowing money, expressed as a percentage of the total amount of the loan.
The flip side of variable interest rates, fixed interest rates are one of the two main types of interest you’ll come across when choosing a loan or bank account.
Mozo has compiled this handy guide to give you the rundown on the facts, features, pros and cons of variable interest rates.
Planning to send money overseas from Australia and curious about how it all works? From choosing the right transfer service to understanding fees and limits, we've got you covered. Here's a quick guide to get you started on everything you need to know about international money transfers.
With Aussies swapping the Outback for Oxford and Brits trading Big Ben for Bondi Beach, sending money between Australia and the UK has become as common as debating Marmite versus Vegemite.
Importing that sweet Corvette? Or perhaps you've found a cheaper electric vehicle overseas. Don’t let your hard-earned money be eaten up by poor exchange rates and crazy fees. This guide will help you navigate the international money transfer process smoothly and get you behind that wheel without extra costs.
International money transfers (IMT) might seem primarily managed by the sender, but whether you're an Aussie expat, a visitor in Australia or a business owner receiving payments from abroad, it's important to be informed. This guide provides key insights on what to consider when receiving funds from overseas via IMT.
According to the World Bank , China is one of the top receiving countries for international money transfers, with Australia being the biggest contributor. The number of Australians investing in Chinese businesses and property is on the rise and there also continues to be a large influx of Chinese people migrating to Australia.
If you’re planning to send an international money transfer (IMT), it's important to understand that these transfers aren’t instantaneous like BPAY.
If you’re looking to transfer money overseas, whether it's to family, friends or into a bank account for your own extended stay, then the first thing you look at is probably the exchange rate.
Whether you have just landed a job transfer, are off on a backpacking gap year adventure, packing up to study abroad or decided to emigrate to the far corners of the world, one thing you’ll want to do right is move your money across borders in the most cost effective way possible.
If you’re here, that means you’re looking to live overseas for an extended period of time and maybe wondering, “do I need to lodge a tax return while living abroad?”
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Regardless of the size of your business you may find yourself in a position where you need to make an international money transfer (IMT), be it a one-off occasion or on a regular basis. Reasons for making a business money transfer include; purchasing goods and services for your business overseas or paying royalties and wages.
See more international money transfer guides
While it can be tricky to think about, life insurance can be a useful financial safety net for your family if you’re no longer able to provide for them. From death cover to income protection insurance, there’s a range of policies available for a variety of needs.
Having a financial plan to look after your family when you can’t anymore is a hard but important conversation to have. This is where life insurance can help step in.
For most Australians, covering essential expenses like rent, groceries and power bills will get tricky without a paycheck coming in. It only gets more complicated if you’re providing for a family or paying off a home loan.
If you haven't investigated it before, life insurance can seem a bit complicated. To start with, the term itself is a catch-all for different kinds of coverage, including income protection cover, total and permanent disability cover, and death cover.
After you’ve worked out whether or not you need life insurance, the next step is working out what level of cover you should opt for. The key? Finding the right balance for your situation.
Whether you work for yourself or as an employee, life insurance exists to ensure your needs and those of your family are met if you’re no longer able to provide financial support.
When you purchase a vehicle from a car dealer, you'll probably be offered a whole lot of extras. While an alarm system may be worth forking out extra for, one add-on you should avoid at all costs is life insurance.
If you’ve decided to bite the bullet and buy a life insurance policy, you should take the time to work out which of the key features on offer are important to you. After all, this is one insurance policy you could wind up sticking with for the rest of your life.
In October 2016 the Australian Securities and Investments Commission (ASIC) handed down a report into the handling of claims by the life insurance industry. This was in responses to criticisms of outdated definitions being used to avoid payouts and conflicting interests in the sale of policies.
Life insurance is meant to be a safeguard for the tough times in your life. It should give you peace of mind in the event of a loved one's death or to guarantee your financial safety if something happens to you and you’re unable to work.
See more life insurance guides
Margin lending can be a high risk, high return investment strategy. It's a great way to squeeze the investment value out of your capital, but the unwise - or unlucky - investor can lose money just as quickly.
Black Friday deals can nab you some serious savings, including from mobile phone plan providers.
When you compare mobile phone plans, there’s a lot to consider. For starters, there are a few types of plans to decide between: prepaid, sim-only, and data only mobile plans.
Mobile data can be a great way to stay connected. Zippy downloads, live games, and seamless streams: what more could you want? (Well, perhaps a good value mobile phone plan, too!)
What is 5G? This new mobile phone term looks like empty technobabble at first. But the number of 'G's your network connection has can give you a whole new level of speed and convenience.
Turns out there’s a way you could enjoy big mobile network coverage without paying big network prices. The secret code? MVNOs.
Without a doubt, one of the best features of mobile phones these days is the phenomenal camera quality. All those selfies look crisp and clear in their high definition glory. Praise!
Looking for a mobile phone plan with international roaming add-ons so you can use your mobile phone while overseas?
These days most mobile plans come with unlimited call and text credits, so a major factor to consider when you compare mobile phone plans is how much data is included.
When you compare mobile phone plans, you’ll often see two types: prepaid and postpaid. While the names are supposed to be obvious, the difference between the two isn’t always completely understood.
When you’re planning on travelling overseas, there’s a lot to think about. You might need to compare travel insurance, sort out travel money cards, find accommodation and flights, and more. But one of the more overlooked parts of travelling is working out if you’re going to be able to use your phone (and mobile phone plan) overseas.
See more mobile phone plan guides
Technology and finance are both rife with obscure and difficult concepts. Merge the two and it seems that some unfamiliar bit of jargon awaits you at every turn. To make sure you’re up to speed with all the latest developments in the world of financial technology, we run through what fintech is and how key players in that space, like neobanks, are leveraging it to provide exciting new services.
They’re new, they’re fully-online and they’re promising to change the way Australians bank by integrating the latest technology with some innovative new features, but is a neobank the right place to keep your cash and manage your finances?
The neobank revolution is well and truly underway in Australia with a number of players positioning themselves to be the next big alternatives to conventional banks. And with a range of innovative apps, products and features on offer, it’s safe to say neobanks are generating a fair bit of excitement.
What’s the weather going to be like tomorrow? Is my bus going to be on time? Is it cheaper to fly to Rome in June or July? What do I want for dinner? Whether it’s a question you need answering, or a task you need doing, chances are there’s a mobile app out there to solve your problem and help make your life easier.
If you’re considering switching to a neobank, or just hoping to learn more about how they work, one question is probably weighing heavily on your mind: are they safe?
Between 86 400’s launch and Xinja’s acquisition of its full banking licence, neobanks have been making plenty of waves as of late. But if you’re planning on making the switch, there’s a lot you’ll need to know. Mozo’s Kirsty Lamont answers some of the biggest questions about neobanks and what they have to offer.
Whether you’re looking to transfer funds or review your monthly spending, chances are you rely a whole lot on your smartphone. There’s been a real shift from physical banking to digital banking lately, and with plenty of online banks and up-and-coming neobanks offering primarily app-based services, this is set to become even more pronounced.But while banks’ own security measures are pretty reliable, there’s no shortage of shady characters out there looking to rob people of their information and their money. So to help you out, we’ve compiled some tips to keep you safe when banking on your phone.
When looking for a credit option to fund a big upcoming expense like a holiday, home renovation or wedding, two banking products are likely to come to mind – a personal loan or a credit card.
The freedom of working for yourself also comes with a lot of hard work, especially when it comes to sorting out your finances.
So, the kids have all left the nest, work has become a distant memory, and you’re lapping up life in retirement. While work stress may be a thing of the past, you can still face financial pressure in your twilight years.
Also known as a ‘payday loan’ or ‘fast cash loan’, a short-term personal loan is designed to provide you with immediate, small amounts of cash that will tide you over until your next paycheck.
If you’re planning on applying for a home loan or a personal loan, prepare to have your credit history placed under the microscope. Your credit history tells the story of you as a borrower, even things that took place a long time ago. Lenders use this information to determine to determine whether or not your application will be successful and of course, the interest rate.
With sustainability at the top of mind for many Australians, getting a green loan can be a way to make costly lifestyle changes without blowing the bank.
Understanding credit and all of its terms can be confusing, especially when they all sound so similar. Terms like credit score, credit file and credit history are all as equally important to understand as the next.
Got a large expense coming up that needs covering? Maybe you're planning a dream holiday or doing some major home renovations and need the extra cash. If you've been wondering how to finance your plans, you actually have some options.
We get it. Personal loan eligibility criteria aren't always so clear cut. So, before you even consider applying for a personal loan, it's super important to shop around and compare your options until you find the right loan for you.
Ever wondered what difference choosing between a variable and fixed rate personal loan really makes? Well, if you’re a little more cautious or have trouble adjusting to change, a fixed rate loan could just be a lifesaver.
While there’s nothing we wouldn’t do to protect our furry friends, sometimes pet insurance premiums can have us howling. And no wonder!
Summer heat is on its way in Australia, and this year promises to be an El Niño scorcher. But while most of us know to keep ourselves cool, keeping our pets cool too can sometimes slip our minds – and burn a serious hole in our wallet if the worst happens.
Maybe your precious puppy gave you sookie eyes, so you relented and fed them a piece of your dinner. Or they vacuumed something off your kitchen floor. Pooches get hungry! But now you’re wondering: “Wait, can my dog eat that?”
The folks at Pet Insurance Australia believe all dogs and cats deserve protection from life’s unexpected twists and turns. It’s their commitment to providing Exceptional Value Accident & Illness Pet Insurance that’s secured their Pet Essentials policy a spot on the Mozo Experts Choice Awards^ list in 2022.
Your veterinarian is an important part of your pet’s life, from routine care to emergencies, so it’s essential to choose the right one for you.
Keeping up to date with vaccinations is an essential part of owning a pet. Most pet insurance policies that offer routine care benefits will cover the full or partial cost of vaccines, though this will depend on the provider, and limits and exclusions may apply.
One of the most popular optional extras for pet insurance is dental coverage. Oral health can be crucial for pets, but most standard pet insurance policies won’t cover it automatically (unless you opt-in, which can add to your premium).
Coles was named top of its class in the 2022 Mozo Experts Choice Pet Insurance Awards^, taking the grand title of Pet Insurance Provider of the Year.
Medibank has more than 45 years of experience when it comes to insuring Australians. You no doubt would have heard the name before when it comes to health, life, and travel insurance, but did you know Medibank also offers pet insurance? In fact, it’s award-winning!
If you’re looking for quality and value-for-money pet insurance at a range of different budgets, then Petcover is a provider to watch this year. Taking out trophies across three different categories, Petcover’s Safety-Net Economy, Key + Routine Care, and Superior pet insurance policies all caught the eyes of our judges in the 2022 Mozo Experts Choice Awards^.
Have you been stacking up credit card reward points throughout the pandemic? Are you lost when it comes to getting the most bang for your rewards buck? Well, that’s where this guide comes in.
Does your lifestyle involve hitting the shops big time or boarding airplanes on a regular basis? You could be the perfect candidate for a premium rewards card. This page features all you need to know about premium plastic - from VIP services like airline lounge access and 24/7 concierge to complimentary insurance for purchases made on your card. Let’s get started!
Addicted to freebies? Chances are, you’ll love what bonus point rewards cards can offer you too.
Are you a frequent flyer who would jump at the chance to access swish airport lounges, flight upgrades, free airline tickets and more? Perhaps it’s time you carried a proper rewards card in your wallet and started collecting points on your everyday spending. Before you sign up or switch to a more rewarding program, take a moment to read all about them here, so your frequent flyer points really take off. Let’s get started!
Have you considered signing up with a rewards credit card that will give you cold hard cash? Welcome to the world of cashback offers where becoming a new customer is often enough to earn you extra bucks! It’s worth flirting with the idea if your preferred credit card reward is financial in nature.
If you’re tossing up between a rewards card and a regular piece of plastic, then you might be wondering just what the benefits of having points earning power in your corner are.
You’re probably the kind of person who uses a credit card a lot and has managing your balance down to a fine art. The next question is, which rewards card will suit you best? To find a piece of plastic that matches up to your freebie dreams, head over to our rewards revealer tool.
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Whether you’re planning a mega shopping trip along Rodeo Drive or a great exploration of Europe, there is one thing you’ll need to pack - a competitive travel credit card. But finding the right one is hard to do if you don’t know what you’re looking for. That’s where this guide comes in, giving you the lowdown so you can be your own expert. Let’s go!
Congrats on your decision to join the rewards credit card club (or at least, resolving to switch providers)! During your search for an ideal piece of plastic online, you’ve probably stumbled across the term “gold” credit cards.
Some rewards credit card customers pay hundreds of dollars every year just for the privilege of being a cardholder. While other borrowers opt for the more basic rewards card with a lower annual fee attached.
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Whether you’re saving for a holiday, a home deposit or a new pair of shoes, there’s a savings account out there for all savings scenarios. Your specific needs will determine your goals and therefore which account you decide on. Let’s take a closer look.
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Half? A quarter? A dollar? It can be challenging to figure out how much of your income you should save. Thankfully, there are ways of figuring this out so that you can start saving for whichever goal you’re aiming for.
Choppy financial waters have meant that the average saver has burnt through their cash quickly this year. In fact, Mozo’s 2024 savings report found that 1 in 6 (16%) Aussies are putting their savings goals on hold.
Ever wondered what might happen to your savings if your bank failed? The Australian Government's Financial Claims Scheme (FCS) is designed to protect you in such scenarios.
An emergency fund is a sum of money you set aside that can support you if you experience a difficult financial time. It might be an unexpected event such as a medical emergency or losing your job, or you might be getting hit hard by the rising cost of living.
Gifting money to your children or grandchildren can be a powerful way to provide financial support and impart valuable life lessons. It's an act of generosity that can have immediate and long-lasting impacts on their lives, helping them achieve their goals or navigate financial challenges.
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Saving up cash doesn't have to be a complicated process. At the most basic level, it requires spending less than you earn. Normally, this means having to cut out discretionary spending, although you can offset this by finding new sources of income.
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If you’re planning on saving with someone you trust, it can be a hassle to calculate between separate accounts. That’s why a joint savings account can be pretty useful. But what are they and how do they work?
Savings accounts are a great way to grow your balance through interest. Not only do they provide a safe place to store your cash (as they are guaranteed under the government’s Financial Claims Scheme), but they also let you move your cash around quickly.
Keeping track of what you’re spending is the best way to stay on top of all your bills and still be able to enjoy the finer things in life. But if you’re not sure how to get started with building a budget, don’t worry. We’re budgeting experts here at Mozo, so let's get into it together!
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When researching brokerage platforms, you've probably heard that Australian shares are either CHESS sponsored or in a custodial model. As an investor, understanding the difference between the two can help you to decide what brokerage platform you might want to use as some will opt for one ownership model over the other.
Investing in the stock market can be a good way of storing wealth. However, most working-age adults don’t have the time to research individual companies and consistently pick winners. That’s why a lot of retail investors will generally opt for a managed fund.
In share trading, a Holder Identification Number (HIN) is a unique ID assigned to anyone who buys shares in the Australian Securities Exchange (ASX).
Portfolio diversification is one of the central tenets of the share trading world. It’s a time-tested strategy that serves to mitigate risk by balancing a portfolio of investments, ultimately generating stable returns.
Over the past few years, the popularity of cryptocurrency (like Bitcoin) has exploded amongst those in the share trading world. However, the volatility of many digital currencies has forced investors to look for more stable ways to purchase crypto.
The share market is characterised by regular bouts of volatility, and even the most experienced traders sometimes have difficulty pinpointing the best times to invest. One strategy for dealing with this uncertainty is dollar-cost averaging (DCA).
‘Buying the dip’ means investing in a company when it drops in value due to wider concerns within the market, rather than investors jumping ship from said company due to performance concerns over the long run.
‘CHESS’ stands for Clearing House Electronic Subregister System. In plain English, it’s a computer system that facilitates the buying and selling of shares on the Australian Securities Exchange (ASX). CHESS sponsored shares are recorded on this computer system to keep track of who owns the shares directly.
Whether you're a seasoned investor, or a complete beginner, you'll likely want to consider where your money goes and what it invests in.
Your comprehensive guide to share trading and stock market investing for beginners in 2022.
Whether you’re running a small business, a big business or a new start-up, there’s a good chance that you’ll need some extra funding at some point along the way and will encounter the need for a business loan.
Managing cash flow is crucial to the success of any business. But accurately forecasting how much money comes and goes can be difficult, particularly if you depend on the timely payment of invoices by customers.
Becoming your own boss - it’s the ultimate dream for many working Australians and one that tens of thousands take a chance on each year by starting up their own businesses. In fact, according to the latest figures from the Australian Bureau of Statistics (ABS) there were over 2.3 million actively trading businesses in Australia in 2018, with thousands of new businesses joining the ranks each year.
It’s a term you may have come across before, but what exactly is a business overdraft? Essentially it’s a line of credit attached to a business bank account or debit card which allows businesses to draw on money (up to an approved limit) beyond what they actually have in the account.
Choosing a business banking account is about packing all the transaction facilities you need into the smallest possible monthly fee. There's a wide range of options, often varying from bank to bank, but here are some small business finance tips.
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There’s a world of opportunity for university students these days, with the option to do a global exchange program being a dominant one - but it comes with large costs that can seem out of reach for many young Aussies.
Tracking your spending and making the most of your money while at uni can often be tough, but the creators of QPay may have found a solution to make saving for students easier.
G'Day! So, you're planning on studying in Australia? There are plenty of things you'll need to get sorted before you make the big move like deciding what university course you’ll be studying, where you’re going to live and how you will manage your finances.
This is the second part of Mozo’s Frugal Student’s Survival Guide. Read the first part (where we tackled the money sinkhole that is textbook shopping) here.
Welcome to Mozo’s Frugal Student’s Survival Guide. ‘Survival guide to what?’ we hear you ask. Well, to everything you might need to spend your very finite money supply on. We’re offering tips for tackling #studentlife without being forced to sell a young and well-educated limb on the black market. Let’s start with the biannual wallet clear-out that is purchasing textbooks.
The result of a wild one night stand between a bank card and a credit card, the debit card could be the answer to your student money problems.
It’s easy to get caught up in the complex world of savings accounts, credit cards and personal loans, but you shouldn’t forget to find a home for your regular ol’ dough.
Being a student is the best time of your life. Between term break trips, backpacking around Asia and roadtripping up the coast in your first car, life as a student is basically one big party (with a couple of exams thrown in).
Let’s start with the #realtalk: saving money as a student is bloody hard. Primarily - no, wait, let’s try that again - entirely because you don’t have much of it to save in the first place.
So, you're looking for your first credit card? Great! Well done, you! 10 points to Gryffindor! (Or, realistically, Ravenclaw. They always seemed like the financially responsible house.)
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Retail super funds give Aussies the chance to have their retirement savings managed by banks and large investment companies. But is this the right choice for you? Let’s explore what they offer and weigh up the pros and cons.
If you start a new job and don’t nominate a superannuation fund, there are regulations in place to ensure your money doesn’t end up in a high-fee account. Instead, it will be invested in an option within your employer's default fund that meets the government-endorsed MySuper standard.
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When you select a super fund, you're essentially deciding which company or organisation will manage your money. However, each fund also offers you some degree of personal control through the investment options they offer.
Spreading your retirement savings across multiple super funds is a surefire way to increase your mental load and potentially raise your fees. If that’s your thing, more power to you. But for the rest of us, consolidating those superannuation accounts is probably the smarter move.
Ethical super funds have taken off as a way to align our values with our money: saving for retirement while saving the planet. But what is an ethical super fund? And how can you tell if it’s the real deal? Let’s find out!
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Considering boosting your super? You're not alone. Salary sacrificing into your super is a smart move many Aussies are making to secure a better retirement. It's not just about stashing away more cash for the future; it's also about smart tax moves today.
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Understanding superannuation contributions is crucial for optimising your retirement savings. And it's not just about relying on your employer's mandatory contributions.
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Tax on super affects each stage of the super journey, from the initial contributions, through to the earnings phase, the final withdrawal of funds, and even after death. These tax implications are influenced by various factors like the type of contribution, age and income level.
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Curious about how much superannuation you need for a comfortable retirement? Many sites will toss you the average super balance for people your age and call it a day. However, averages aren't always helpful, as outliers can skew the figures, and they fail to indicate if the 'average' Australian is truly saving enough for retirement.
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You’re probably aware by now that you can get insurance through your super fund. It’s a convenient and often cost-effective way to ensure financial protection for you and your loved ones. But is it the right choice? Let’s look at the benefits and drawbacks to help you decide.
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Even when you’ve planned everything perfectly, there are times when you’ve got to spend on emergencies like surgery or repairs. So, if you’ve got some cash locked up in a term deposit, can you dip into your funds before the maturity date?
Earning interest on your savings is attractive, but it comes with tax obligations. If you're considering a term deposit, it's important to understand how the interest you'll earn is affected by tax. Let's explore what you need to know about paying tax on term deposit interest.
Choosing the right interest payment schedule for your term deposit can significantly impact your savings strategy. Term deposit providers usually offer options, including monthly payments, annual payouts, or a lump sum at maturity. Understanding which of these choices is important as they can affect the total interest earned.
Thinking about putting your money in a term deposit? While these accounts can offer stability through fixed rate, they also come with certain limitations. It’s a good idea to get a well-rounded picture of term deposits. By looking at both the pros and cons, you can get an idea if a term deposit will work for you or not.
Are you looking for a place to stash your cash besides a savings account? A term deposit is another popular option that lets you lock your cash up for an agreed time, leaving it inaccessible until the term ends. In return, you get the security of a fixed rate, so you know exactly what interest you’ll have when you eventually can reclaim the funds.
Before you decide that a term deposit is for you, it’s worth considering what kind you want to keep your funds in. Whether you're a short-term saver or a long-term investor, there's likely a term deposit option that fits your needs.
Term deposits are covered under the government’s Financial Claims Scheme (FCS), but what about the interest you’ve been patiently trying to accrue?
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Travel insurance doesn’t have to cost an arm and a leg. We’ve crunched the numbers and identified the cheapest travel insurance options for a variety of travel needs. Read on to discover our top picks.
World cuisines are lovely and diverse, but if you have dietary restrictions, travelling can feel extra stressful.
European cities, summer beaches, winter skiing – here we come! With more people travelling overseas for a holiday, it’s time to reevaluate how we pack our bags. This one’s for the rusty but wanderlust-y.
Influencer: “Travel is the one thing you buy that makes you richer." Your bank account: "Nope."
A scene: you’re packing your luggage, excited to go, but then freeze in cold panic. “Wait...what have I forgotten?!"
Travel is back on. With borders relaxing, airports filling up, and the world reopening, every day brings more choice of holiday destinations. But which places are the safest to go, even with travel insurance?
So, you’re creating life – good on you! While becoming a parent is certainly an exciting time in your life, pregnancy shouldn’t stop you from doing the things you love, including travelling.
Tourism in Australia suffered a massive blow during the COVID-19 pandemic, but the industry looks to be recovering steadily since border restrictions were scrapped almost two years ago, in November 2021.
Keen to hit the slopes and carve up some fresh powder this snow season? Now that ski resorts are opening back up after the lockdowns rudely froze-over our winter getaway plans, heading to the snow might be number one on your priorities list. But what cover is available in the event that you or one of the crew come into contact with COVID-19?
Vietnam, a land with a troubled past, but a vibrant future in tourism opportunities. From great food, to buzzing nightlife, and beaches dotted all along its coastline, this Southeast Asian nation has lots on offer.
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Is the countdown finally on until your next getaway? Have you been stuffing every spare banknote into your piggy bank until it could burst at any moment?
Holidaying overseas is a huge part of the Australian way of life, with thousands of keen travellers jet-setting across the world every day.
Travelling is one of life’s greatest joys. You get to explore every nook and cranny of a totally fresh destination, experience new cultures and of course form fond memories that will last a lifetime. But your dream holiday can quickly turn into a nightmare if your hard-earned holiday funds are stolen or you find yourself the victim of identity theft.
Planning a big overseas holiday? Whether it be a trail-heavy adventure of the Andes or a soothing two-week stay at a resort in Sumatra, you’re going to need a few things ticked off your travel checklist before you leave Australian shores.
While many credit card travel insurances have some great features, it's still important to read the fine print to make sure that your credit card has the right coverage for the adventure you're planning.
Almost as exciting as booking your idyllic holiday, high-flyer biz trip or irritatingly long stay in some exotic location is the exciting world of currency conversion. Hold on to your hats, as Mozo cruises through the four basic ways to spend money overseas.
Nothing can obliterate a post-holiday glow like discovering the damage you've done on your credit card. But with a few simple strategies, you might come back pleasantly surprised instead of suffering a cash-related comedown.
Arm yourself against excessive international fees, skimming, and the aftermath of card theft with our pre-holiday checklist.
A couple of months ago, we gave you the lowdown on Australia Post’s Load & Go Visa Prepaid – our national postie’s first Visa card. We were impressed with its novel prepaid approach which allowed people to enjoy all the benefits of Visa’s worldwide network, without having to go through the fussy sign-up process normally associated with credit cards. However, we found its lack of travel money features disappointing, which made the Load & Go an expensive choice for travellers wishing to make purchases in currencies other than Aussie dollars.