Monday 4th February, 2008 

Are you financially unfit, deep in debt? According to high street bank, Abbey, the discipline required to get into shape physically is the same as getting into shape financially.

The Abbey recommends reviewing our personal finances can save a substantial amount of money which can be used as part of a good debt management plan. Head of mortgages, Nici Auldhlam-Gardiner, suggests that those who are thinking about renewing their mortgages should research the market and look for the best rates available. She also added that reviewing your credit card deal is essential for good debt management.

Financial fitness is important to us as physical fitness. We are constantly being told to moderate our drinking, watch what we eat and exercise regularly. As this requires a certain amount of discipline many people just ignore these recommendations to their detriment.

Debtwatchdog, as always, is here to help you achieve financial fitness. Our Statement of Affairs calculator encourages you to monitor your finances on a monthly basis. This is the foundation for good debt management. With any form of exercise, you only get out what you put in so we encourage you to regularly review all your spending and see where you can make savings.