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Welcome to "AvoidCreditCrunch" site where we cover over 70 of the best websites to visit, so you can save not only just money during this "Credit Crunch" period,but you will also find in addition, fun and leisure sites which can help your own lifestyle and on the odd occasion free items you can claim.

CREDIT CRUNCH

"Credit Crunch" simply means it is more difficult and expensive to borrow money. However some banks have increased there rates to bring money in so they can lend out. House price drops have been seen by many as being tied in with this "Credit Crunch" but the inflation elsewhere is due mainly to the massive worldwide increase in commodity prices.

House prices are falling, shares have slumped and many major banks are up against the wall.
Even though in the US they have set up a financial package of $700 billion that will not work quick enough to unfreeze credit markets, and many banks are still stalling when it comes to lending each other money in fear that anyone of them may collapse.

Builders are suffering the worst downturn in work years, they are cutting jobs left, right and centre and we are talking about the major players in this industry, just in the last few months up to 5000 skilled workers in the UK have been made redundant.
Carsales have dropped massively, Food is up by as much as 7% and rising daily. Estate agents are in turmoil as fewer people are choosing to move, and those that do want to move are finding it difficult to get mortgages.

Latest news around the world, the global economy is on an knife egde as fears around Europe and the Far East markets cause the governments to assure customers that they will step in and guarantee bank deposits.
In the US, the treasury are looking at buying part ownership in various banks, not since the 1930`s has the government taken such action.

All over the world, finance markets are riding up and down sharply.

Its imperative around the world that banks start lending to each other again, the stock markets are selling banks shares because they dont believe the banks have enough of there own money to pay there bills.

Small businesses are feeling the pinch as banks raise the cost of loans and overdrafts, and to make things worse for them is the fact the big businesses are bullying these companie`s and not paying them on time, in some cases up to 3 months after payments are due.

A global effort to try to avert the international financial crisis has caused for an unprecedented union of authorities from the USA, and Europe to buy stakes in its biggest banks using taxpayers money.
Although the stock markets around the world are volatile and will be for the coming weeks, experts hope this co-ordinated bail out will finally stop the threat of a financial meltdown around the world.

£2,000,000,000,000 is roughly the cost to stop a global disaster
UK- £500bn
Europe- €1.5trillion
USA- $800bn

There are some simple ways to give yourself an immediate start to ride through this.

If you drive then you can cut your fuel bills by up to 15% by just making sure you inflate your tyres properly, switching of your air- con or even just by taking your roof rake off, an even simpler way is to stop slamming on brakes or over-rev you can save a further 30-40%, these simple actions make your vehicle more efficient.

If your worried about childcare rises then if you approach your employer then they may allow you to swap some of your salary for free tax-free childcare vouchers, you can save hundreds of pounds by just asking that question.

Food prices are rocketing, but why do you have to buy the branded goods, believe it or not some of the lesser known brands actually get there goods from the branded company's, so save on your weekly shop just by doing that, again you can save hundreds on your food bills.

The "Credit Crunch" is damaging, we think you should plan for the worst but still hope for the best.