Tuesday, January 29, 2008

Just one in 100 Brits is in peak financial condition, while the average person is a massive 43% overweight in financial terms, a new survey reveals.

If you are suffering from the excesses of the festive season, you are not alone. Yet it's not just our expanding Christmas waistlines that need a workout, but our finances too.

The personal finance behaviour of people in the UK has been rated and their overall fitness judged according to the financial products they hold, the competitiveness of these products, and how often they shop around for better deals.

The products assessed in the research from Abbey were bank accounts, mortgages, savings, insurance and credit cards. A score of zero indicates a lean financially fit machine and 100 is the financial equivalent of being obese.

Women are well on the way to becoming a gender of financial fatties, returning an average score of 46% overweight. Men were leaner, yet with an average of 41%, still overweight.

Like any exercise, a financial workout can take a bit of effort but for most people the rewards are well worth it.

Source:- http://www.financedaily.co.uk/showNews.aspx?loadid=00884