Quitting the cigarettes, ditching the boozy nights and cutting out the morning coffee could not only be great for your health, but also your bank account, a new analysis has found.

Although it doesn’t sound like much on its own, over the course of the year a $3 morning coffee could add up to hundreds of dollars of possible savings.

But it was by no means the most expensive vice.

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According to Mozo, a pack-a-day smoker could save $9125 over a year – about $25 a day – by dumping the durries, while abstaining from alcohol for two nights each week could save more than $4000.

Eating out could also put a dent in the savings account.

Australians are likely to focus on financial savings in 2016. Photo: Getty

Taking leftovers for lunch instead of paying for a sandwich could recover about $570 and swapping to a homemade stir fry three nights a week, rather than greasy takeout, could potentially save $2180.

“I was quite surprised to find out just how much you can save by sticking to New Year’s resolutions,” Mozo director Kirsty Lamont told The New Daily.

“We all know things like smoking are bad for your hip pocket, but I was really surprised to find cutting back on a couple of boozy nights a week could save you as much as $5000 a year – that is an extremely sobering thought.

“Certainly if you are needing an extra incentive to stick to your New Year’s resolution that could be it.”

Cutting out bad habits was not the only reason Australians were finding to save in 2016.

Many people planned to use the money to travel, buy a home or build up a savings account, according to the Westpac 2016 New Year Resolutions report, and would aim for a target of about $11,234 per person on average.

“You can do something much more interesting with that money – you can go on a holiday, buy a new car, it is amazing the savings you can make,” Ms Lamont said.

But it wasn’t all easy going – the Westpac report also identified three in five people would not stick to their goal, dropping the resolution after about four months.

Find out just how much you could save below.

Combine exercise with socialising

We have gone to great lengths to create new reasons to socialise over a meal – brunch, or even its lesser-known and probably more dubious mate ‘linner’, are good examples. But it may be putting a larger dent in the bank balance than you realise. According to Mozo, doing free activities when you catch-up with friends, like going for a walk or swim at the beach, could save more than $2300.

Cut the daily coffee

Probably the hardest to keep – particularly on a Monday morning – it was one of the resolutions that made a small contribution to savings in isolation, but throughout the year added up to a pretty penny. To forgo a professionally-brewed coffee on work days, you could potentially drop an extra $864 in your pocket. But we would understand a slip up here and there.

Pay off credit card debt

According to Mozo, transfering outstanding debt to a balance transfer account with at least 12 months interest free could go a long way to making 2017 prosperous. Setting a realistic amount to pay off each week, with the aim of getting rid of the debt by December 31, 2016 – and sticking to it – could save nearly $750 in unnecessary fees.

Ditch the drinks

Savings for this particular resolution vary according to the amount of alcohol you consume each week, but under an assumption of at least two nights of five drinks each week – with an obligatory kebab to top the night off – they could be in the thousands. Mozo projected a saving of about $4056 for beer lovers, and $5096 for wine sippers to drop the drinks.

Eat at home

It might seem like there’s muffin wrong with a savoury cake each morning, but bringing in a muesli bar from home could save $720. For lunch, take in leftovers – instead of buying an expensive sandwich – and you’ll keep about $570 in your pocket. Make a quick, healthy stir fry three nights a week and take it to work for lunch the next day to save about $2180.

Quit smoking

Apart from damaging your health, there was another reason to quit cigarettes – the thousands of dollars you could save. Mozo estimates a pack-a-day smoker, who spends around $25 a day on cigarettes, could save about $9125 in a year.