Sharpening your pencil and tightening your belt, foraging for bargains but not altogether abandoning good food and good screens?
You can work out your outgoings with our interactive calculator at www.theguardian.com/money/calculators Then think about tightening your belt until you have made inroads into your debts.
Patrick Coast, of Lombard Street Research, said: "The Euroland prescription of tightening your belt without restructuring debt has failed in Greece, serving only to plunge the economy further into recession.
If you live in Zurich, the nice houses by the lake are taken by rich foreigners and you have to put up with something more modest and farther out.Worse still, in a crisis, everyone buys your currency, in effect tightening your monetary policy.
And yes, the infamous postnatal kinésithérapie is true – the health service in France really does send you to see a professional twice a week after you've given birth so they can check you are tightening your pelvic floors – by making you, right in front of them, squeeze your fanny on a white piece of plastic.
Its "utterly foul" purpose, under Obama, is to get people dependent on government "handouts" and to destroy "the tradition of tightening your belt and taking care of yourself when times get tough": Many of you have probably heard the Chinese proverb, "Give a man a fish and you feed him for a day.
With a possible recession looming, you might be tightening your belt or planning on wearing it another season or two.
