As mentioned, modern cars are complex and require competent mechanics, specialist tools and thus lots of dollars to keep them in good shape and running well.
The best approach is to get the fault correctly diagnosed and the root cause identified. To do so you either need an honest mechanic that you trust or you need to have some skills and tools to do the work yourself.
A better approach would be for you to describe the problems you are experiencing and the general mechanical condition of the car along with the fault codes the car is presenting. Describe such within this thread and then forum members may be able to guide you through what needs to be done (by you or your mechanic) to get to the bottom of what is wrong.
But to say you just want to bypass a key component that is critical to the correct running of the engine with ensures low fuel consumption isn’t the correct approach. Doing such will make your car unroadworthy and void your insurance (I hope you do have at minimum a 3rd party property insurance which is above what NSW rego requires). Doing such bypass hacks is also complex and will likely cost much more than fixing the root cause (even if you can even find someone to make such illegal ecu programming hacks)…
The problem is that if you can’t afford to maintain you car, your costs will end up being higher as more things fail, fuel consumption goes up, and ultimately stuff fail catastrophically. You may also find yourself in deep trouble if you also use the same mindset with your steering, brakes and suspension and such neglect leads to a crash and someone’s death.
In any case, vehicle ownership is a privilege and not a right. If you can’t afford to keep a modern care roadworthy, consider an older simpler design, something pre cat converter with carbi as such cars are much easier and cheaper to keep maintained by the home mechanic using basic tools.
Doing things correctly doesn’t always mean $$$ as you can consider second hand parts from the wreckers to reduce repair costs… but this still required identifying the root cause…
PS: o2 sensor and/or cat problems can be caused by coolant leaks, wrong oil (too much zinc), wrong type of silicon gasket sealer used, etc… A well running engine will see cats and o2 sensors last the life of the vehicle (multiple decades)… o2 sensor issues can also be due to wiring, earthing of ecu faults… Simply chucking parts at the car can be a very very expensive way of finding what the root cause is…