by Peter Bernard

Created on: March 17, 2009   Last Updated: March 23, 2009

Well, the credit crunch has now well and truly arrived.Recently several of the worlds leading banks have closed their doors for the last time and it looks like things are about to get worse.What can you do if anything to the effects of the recession.What can we do to lessen the effects of the credit crunch on our family?

Well firstly if you are in work be realistic. Are you in a job that is in one of the trouble sectors e.g banking,construction,travel realise that although the credit crunch has affected us all it has more of an immediate effect on some jobs more than others. You need to gather information and assess the security of your joblook at your corporate website find out how your company is doing by looking at performance figures chat to your manager informally about how things are looking for the future.There is a saying that to be forewarned is to be for armed.

Don't ignore what is happening around you and bury your head in the sand or work as the case may be what is happening affects us all. Most companies,projects determine what they would do in the worst case scenario its commonly called a disaster plan.There is nothing stopping you from doing the same. If things do go against you such a plan will lessen the blow of redundancy.In your plan outline plans and actions to be carried out by yourself.

Think, think and analyse what you are spending your money on and how you can better plan your spending. Ideas that come to mind

Make a grocery list when shopping and try to avoid impulse shopping.If it helps open an internet shopping account which will help you to avoid impulse buying. Try and buy in bulk and research where you buy.

Other methods of saving money include also analysing and planning your car trips,insulatinig your home to keep down heating costs etc.These measures actually help you to decrease your outgoings and put aside a little each month for that possible rainy day.As the saying goes spend less than you earn and invest the rest.

If that rainy day does come realise that the sun does still shine Life hasn't got darker it has simply changed the exact change depends on you.

Before you do anything seek advice from a careers specialist.They will be able to advise you on options including the possibilities of career change and possibly starting up a small business.Whatever you do, do not adopt a mentality of feeling the victim why me.If you feel physically or mentally disturbed by the whole episode of loosing your job then seek help from your doctor.

An avenue many have chosen is to speak to a life coach who can explore possibilities and build up your confidence again if it has taken a knock.The sooner you get back to feeling resourceful the faster you will be able to continue your journey to the next rung of your ladder of achievement.

In regards to finances many will find that finances now become an issue or challenge. Seek out a good financial adviser who can help you with you budgeting and financial options Even if you have a redundancy cheque and money in the bank with no planning and income it will evaporate faster than you think So make sure you take relevant action and beat that credit crunch.We have produced a book on prospering during the credit crunch called The millionaire codes it is available from http://themillionairecodes.blinkweb.com

Remember, plan, budget, don't panic and do something.

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