The credit crunch is escalating out of control just as a snowball gathers momentum as its rolling down the side of a mountain. But have no fears the Millionaire Blog has some tips to beat the credit crunch at Christmas.

(1) Make Money from Home - If your main job is not providing enough money then consider creating additional income streams by working from home. Why not set up an account on eBay and sell items you aren't using anymore around the house. Perhaps you are good at making home made jewelery or for more details visit to www.greateducationonline.com building PC's that you could sell for profits via EBay. If you would rather make the money away from the Internet then consider selling your items at car boot sales / flea markets or through your local paper to increase your income. Perhaps you could offer car cleaning services to your local area. Think of a skill area that you are naturally good at. It doesn't need to be the same skill that you utilize in your full time job.

Working from home outside your normal job is also a good opportunity to grow your part-time business into something that could potentially become a full time business once its creating enough revenue to cover your main expenses (mortgage, bills etc). Think of this as the first step to escaping the rat race.

(2) Rent out a spare room or parking space - Rent out a spare room in your house or flat to a lodger to generate up to £4250 tax free a year. This doesn't need to be permanent. Perhaps you could rent a room out for a year or two until you have enough money to clear your debts. If you have a parking space in your property that you don't use then consider renting out your parking space. People are willing to pay for parking spaces especially if you live close to a city or mainline rail or tube station. There are tons of sites available to rent out your parking space.

(3) Avoid Supermarkets unless absolutely necessary - If you are running low on essential items at home such as bread, milk or fruit then you should visit your local bakery, for more details visit to www.greatindustrialguide.com corner shop and fruit shop to stock up on these specific items. At the same time you are supporting your local trade and saving on a longer journey to the supermarket.

A visit to a supermarket will mean that a carton of milk and loaf of bread turns into a shopping trolley of other un-related products that catch your eye as soon as the supermarket gets you inside their store. Supermarkets spend thousands on marketing and know how to sell cross sell other products to the public. How many times have you gone to the supermarket for 1 item and come out with 10...?

Try to visit discount retailers such as pound shops to stock up on general household items at far lower prices than supermarkets. Other discount supermarkets such as LIDL and Aldi are worth visiting. These offer large discounts when you compare to the larger supermarkets.

Consider joining a wholesaler such as Costco or Makro so you can buy your household shopping in bulk. This will reduce the cost of your food and household shopping in the long run.

(4) Shop Online - Shopping online for Christmas presents, gifts and any other product is the way to find the lowest price for the particular item that you are after. Thanks to search engines and price comparison tools you can easily compare prices across hundreds of websites. You also avoid all the long queues in the shops which cant be bad.

Use tools such as Google Product Search, Kelkoo and Dooyoo to compare products you are interested in purchasing.

Use discount and voucher code websites such as myvouchercodes to obtain discount codes. Enter these codes when you finalize your online order to gain additional 5/10% + discounts off your order.

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Also consider buying goods on EBay. Often you will find that eBay sellers sell the item cheaper than anywhere else online.

(5) Never Stay Loyal - Always review the contracts you have every year before you renew them. Compare and contract the deal you are being offered with their competitors. This includes your Car Insurance, House Insurance, Gas Provider, Electricity Provider, Mortgage, Bank Account, Savings Accounts, Car Service Cost, Car Breakdown Recovery Service, Telephone Provider, Internet Provider etc etc.