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BBA offers financial `fitness` tips

08/06/2007

Britons should treat their finances the way their treat their fitness level, the British Bankers` Association (BBA) said today.

It only takes a few minutes for a consumer to make sure their finances are in shape, according to the BBA.

Examples of how to do this include taking note of whether credit card balances are paid in full every month, keeping track of where and how money is borrowed and setting out plans to repay debt.

Chief executive Angela Knight remarked: "The British Bankers` Association is recommending customers take a little time to plan their financial needs just as you would consider your physical health.

"That way you can ensure your finances are in good shape and you have the right banking and borrowing services in place."

A bank statement provides "the clearest indicator" of financial health, she added.

The BBA has 253 members and associate members from 60 countries worldwide.

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