While the economy continues to struggle and new plans are in the works to regain financial stability across the nationrecession as well as in our own homes, it is important to remember some very key points when battling the recession.

Here are some do’s and don’t to surviving the recession’s tough times:

The Do’s

Paying Off Debts – Even though it may mean sacrificing in other areas, it is very important that you continue focusing on the debts you have already accumulated. Falling behind will mean even bigger problems financially down the road. Don’t ignore the creditors and pay at least the minimum on your debts, if not more.

Continue to Pay Yourself – Keep putting money into your 401k and other savings and investment plans. It may be very tempting to withdraw that money to get you out of trouble in the short term but for the long-term it is best your money stays put. Even though the market is unsteady, it will settle down at some point. Withdrawing money now will certainly cost you money in fees, penalties and taxes.

Put More Effort in Your Taxes – Itemizing your taxes can help you qualify for additional tax breaks and deductions you might not find by only filling out only the simple forms. You must also be patient when it comes to waiting on your tax refund. Being too hasty and taking out an anticipation loan for speedy cash will cost you a lot more than you can probably afford to pay.

The Don’ts

Feel Guilty or Alone – Because so much of the nation is experiencing the same financial problems as you, there is not reason to feel bad for not being able to afford things. There are many consumers who can not afford a pricey dinner out or a big vacation this year. It is more important to be frugal with money and be grateful for all of the things you do have. You are certainly not the only one working hard to stay on financial track.

Forgo the Sales – While it is always great to find a bargain, it can also be too tempting to buy more than you need. If you are using coupons wisely and following sales on the items you truly need, it can be a great way to save money. However, if you are just jumping at every clearance rack you see, you are likely spending money you don’t have on things you don’t need.