Realistically, it probably won't change your buoyancy by much, if at all. But you should do a proper weight check anyways. I see that you're a new diver, and as such, you may be overweighted. There are many ways to do a weight check, but here's the way I prefer to do so:
At the end of your dive, get to a location where it's safe for you to touch the ground (sand is ideal) and are in 10-15 feet of water. Get as much air as you can out of your wing; have your buddy help make sure it's completely empty if possible. If you're diving dry, remove as much air as is comfortable. If the pressure in your tank is greater than ~500 psi, purge down to 500 psi. When you have all these requirements met, check your buoyancy. If you breathe in, do you raise slightly off the ground? If not, remove a pound or two and try again. When you get to the point where you are neutrally buoyant, you will be properly weighted.
Congrats on your new motivation to get in shape and lose weight! Even if that won't allow you to drop pounds off your weight belt, it will make schlepping your gear easier....you will find many benefits from being in shape, so let scuba continue to be a motivater!