Are You Worried About The Credit Crunch?

Are you beating yourself up about the credit crunch?

One of the biggest things we procrastinate about is money or the lack of money. Some of us bury our head in the sand and won't go any further.

The worst thing you can do is not look at your bank statements and the bills that come in. they won't go away and in fact they can get worse. They can just pile up in a cupboard but they won't go away.

Money worries is a big thing, especially for procrastinator. The more bills coming in are ignored, the worse it gets, they won't go away. They can be piled in a cupboard or a drawer but they will still be there.

I was made redundant and contrary to the fact that people get a big redundancy payout, I didn't.So there I was no money coming in and it seemed that a lot of it was going out. I decided that I couldn't face reading the letters that came in but then the phone calls started to come in and although it was easy to ignore the phone it didn't stop it ringing. I was actually forced to sort out my finances. It was a rotten feeling and totally out of my comfort zone. At that time I believed if I didn't deal with it, it would go away - wrong.

So I started opening letters, contacting debtors, talking to my bank and realising that things weren't as bad as I had imagined, they weren't good but my finances hadn't actually fallen into the black hole I had pushed them into. I had blown it up out of all proportion and if I had sorted things out earlier, it wouldn't have been half as bad!

This was a long time ago and I am better having learned not to spend one penny until I had two of them.

So what should we do, well to quote Susan Jeffers, Feel the Fear and Do it Anyway. The fear is before the action. Once we action, the fear goes away. So action things as soon as possible.

Now I can't give financial advise but I can share with you tips that I have been given over the years:

• Move your credit card debt to one that doesn't charge interest. There are a lot of sites out there giving the various credit card charges.
• Change your attitude towards money - make a conscious decision to sort out your finances - don't bury your head in the sand
• Write up a budget sheet of your incomings and outgoings and see where the money is going and where you can save
• Start saving a tiny bit of money, as you see that grow you will find it feels really good. I save my 20ps
• If you are really in debt, don't leave anything, contact your debtors and explain the situation before things get out of hand. You can always contact the Citizens Advice Bureau who are used to dealing with such matters. There are other organisations but you don't need to pay for any help in these matters so steer away from those that charge.

Everything will sort itself out if you make sure you take action as soon as possible.

Denise Vogel is a Life Coach based in Essex.

Life Coaching provides accountability. You have to be very strong willed to do everything you want on your own, without the support of someone else. As your life coach, I do exactly as it says on the tin. I stay with you through thick and thin and get the same 'kick' you get when you achieve what you set out to do.

Meet me at my website: http://www.denisevogel-lifecoach.co.uk for tips to beat procrastination and help you to take action.

About Half Of Britons Revealed To Be Worried About Money
People are becoming increasingly worried about their finances, new research shows.In figures released today (March 26th) by Abbey Insurance, it was pointed out that just under half (48 per cent) of Britons have concerns with regard to their monetary ...

Will A Drop In The Base Rate Mean Good News For Borrowers?
In recent reports the governor of the Bank of England, along with a range of industry professionals, has indicated that the next base rate cut could come as soon as next week, and not in May as many had originally predicted. Mervyn King, the governor...

Debt Consolidation Loan with Bad Credit - It is Possible
If you are worried about debt getting in the way of living your life, you are far from alone. Many Americans find that they are dealing with debt that has spiraled out of control, and it can seem impossible to get their financial lives back on track...

Complaints in Your Business
Generally when a business gets a complaint, only one, they can look the other way unless it is a very large client. Yet when they get two about the same perceived problem, then the businessperson ought to stop and consider the source of both complain...

Bad Credit Debt Consolidation - Act Immediately, Live Happily
Everyone is in need of hot cash these days. They have so many obligations, needs and necessities to fulfill in life and what they earn is just enough to sustain them on the daily basis. Where can they go when they need money urgently? Who will trust ...

Personal Debt Consolidation Loan - Be Clear Off Debts Smoothly
Now that you have debts, you must focus on how to get rid of them. One way is to take a personal loan that pays off your debts immediately. You will find such a loan by the name of personal debt consolidation loan in the loan market place. Since pers...

How To Use A Debt Consolidation Loan To Dig Yourself Out Of A Financial Hole
If your expenses in life have been adding up, and have put you in debt, it can be a very worrying situation. You have creditors calling you wanting to know when youll pay them, you arent earning enough to pay off your debt, and you are constantly wor...

How To Prosper In A Bad Economy
Are you worried about the economy? Or to be more specific, are you worried about how you might fare if the economy continues to worsen? If your expenses are out of control, you don't have an emergency fund, and you are just getting by month after mon...

Business Networking The Future
Theres a certain type of person you want to meet business networking. The person who knows what they want. The person who knows where theyre going. The person who knows their future.How do you find such a person? By being one. Like attracts like...

Top 5 Ways To Ease The Strain On Household Finances
The onset of the global credit crunch across the UK last year, combined with the after effects of a series of interest rate rises, and rising living costs all contributed towards the difficulties that many households have had to face over recent mont...