How to manage our finances & recession free

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As the world is going thru the worst financial crisis most of us are having a tough time managing our financs due to inefficient planning. we tend to overspend all thru the year and at the end of the financial year we looks for ways & means to save taxes. how can we avoid he situation???? here's something i reccomend.. at the start of every financial year spend some time on planning your finances,visit a financial advisor n discuss all the options at the start of the year & invest accordingly so you are not burdened at the end of the year & at the same time the future is secured & you can expect healthy returns..while investing we need to ensure we forecast a realistic income, avoid hi-risk invetiments,keep a check on your investiments periodically.keep a check on our spending habits.