How to Avoid an Economic Crisis

Over the last 4 or 5 years many people have become experts in lowering the cost of living in order to either survive or keep some of those luxuries one has become used to. Even the richer people were suddenly in the situation to make some budget cuts so that online shops for pre-owned luxury items such as have become increasingly famous. Some families have given up Spain’s sunny shores for UK campsites while others now buy Tesco’s own brand of coffee and biscuits. Of course this methodology is counterproductive as the government urges people to keep spending in order to help the economy, but the lessons we’re learning now could put many of us in good stead for the future.

Using these money saving techniques is certainly a great way to lower costs, but there are more risks then just a mere shortage of income at play here. Typically what coincides with a recession is job cuts in various sectors and this is perhaps the most damaging part. The arduous task of searching for and securing employment in a climate where it is scarce can be very tiring and unrewarding. As a result people will look at extreme or alternative methods for work such as opportunities abroad for instance. While this is often a huge change it may be the only viable option available and currently there is a boom in the mining industry in Australia which means they are looking for as many workers as possible. There are many expats living their dream along the ‘Gold Coast’ as well as other areas in the world, more recently Canada has become popular for Brit’s looking to work abroad. One of the key reasons for this is because now you are able to travel over and receive training there rather than having the necessary qualifications in advance. Find here the requirements for working in Canada if this is something that interests you.

According to a study carried out late in 2011 there are 1 in 10 Britons currently living abroad, the figure was estimated to 5.5 billion people. That figures means that close to 10% of UK citizens have chose to live abroad for a number of reasons including employment. The study also believes that this number will rise each year.

Working abroad doesn’t necessarily have to become a permanent placement and most workers see it as a temporary option until more opportunities become available back in the UK. Perhaps after one or two years when the economy has stabilised a return home could be an option, plus consider the fact that work abroad can be a very attractive addition to a candidates curriculum vitae.