With the decline of the economy more and more people are finding themselves in financial trouble. You are no different from anyone else and just like they got through it, so too will you if you stick to a program of step by step procedures. You must cut your personal expenses as quickly as possible and understand that some of the things that you have grown used to are going to have to go for the time being.If you have a significant other that shares your life then they too are going to have to be on board with your austerity plan, or you must cut them loose, because they are going to drag you down emotionally, psychologically or financially. Don’t worry about it, because as soon as the economy comes back around, so too will your finances and finding another cute gold digger to share your bed with you will be no problem all.Seek out professional advice on how to deal with your creditors and in fact many of them have free services that they can refer you to. Remember that they want you to get back up so you can again do business with them and they know that it’s the economy that is the source of your troubles, not you personally. Bankruptcy should be your last recourse and many times your creditors will work with you on a repayment plan if you negotiate with them, or have a representative do it for you.If your job or source of income has stagnated due to the fact that it is vulnerable to the recent economic fluctuations then consider finding a temporary job to hold you over for the time being even if it pays less than your previous job did. The key is to remain flexible and to not freak out and go nuts over something that is going to pass in time anyway.