First Step: Stop throwing your money away! Part 2

Okay, hopefully you've already read part one and saved yourself a load of money. Let's move on to debt now. . .

2. Stop paying interest on your credit cards!

It's so easy to spend on the plastic and forget about it - no real money changes hands a bill is so easy to ignore, especially when you're making the minimum payments. Credit card providers love people who only make their minimum repayments as thats where they start to make their big money.

If you have credit card debts and are paying interest, it's time to move your balance over to another card. Depending on your balance this could save you hundreds or even thousands over the life of the debt! Nobody likes confronting their debts but think of it like your earning yourself money and you should gain some motivation. . .

• The Longest 0% deal is with Virgin. They're offering 15 months 0% on balance transfers with a 2.98% fee. I haven't got one myself so I couldn't recommend it personally but I've heard good things from people who have and 15 months interest free is far better than 15 months paying interest!

• The second best 0% deal is with Barcalycard - 0% for 14 months with a 2.9% fee

• Both Tesco and Abbey offer 0% for 13 months on debts new customers shift to them, for a one off 2.5% fee.

3. Consider your mortgage.

This is a minefield and one I feel it would be irresponsible to speak to you about without having the necessary in depth knowledge of the mortgage market, however it's possible to make massive savings on your monthly repayments so I think its worth a mention.

Martin Lewis has produced an excellent guide, you can download it free here