It’s no secret that the last year has had a sobering effect on the personal finance of countless millions. The days of cheap, accessible credit have ended, and the future repayment of debt abruptly became the present. Additionally, unemployment figures continue to increase, and the stock market is still on life support. But from within this doomsday perspective of our current economy, comes both an understanding that we have put ourselves in this situation, and that it is up to us to fend for ourselves. But how does an individual navigate uncertain financial territory, when it seems that things could not be worse? For many, this means taking a critical inventory of our spending habits, and making adjustments accordingly. Understanding that you are in need of financial recovery is only the first in these necessary twelve steps, but it is the most important on this path to solvency.