Veterans and servicemembers can overcome almost any obstacle put before them, but what if the challenge is the state of the U.S. economy?
 
The U.S. Labor Department's recent figures show that employers layed off more than 533,000 workers — the most in 34 years and that the national workforce continues to shrink with at least 1.2 million jobs lost in the past three months and 1.9 million jobs lost this year.
 
Financial experts agree that America is in the middle of a recession and the job market is tight. Mass layoffs across many major industries have become commonplace. How can a transitioning servicemember prepare for the economic challenges? The following tips will help servicemen and women achieve their goals when they leave the military:

Assess the situation. Come up with a winning game-plan and then take the actions required until you achieve your goals.
 
One key to going after a new job is to make sure that you keep on top of your personal finances. This process may require a new perspective on budgeting.
 
Here are some tips on how to keep your personal finances stable in an unstable economy as you go job hunting:
 
Build up an emergency savings fund the equivalent of three months worth of living expenses. 
 
• Limit credit card use. It’s a good idea to avoid building up debt in a down economy. Paying high interest rates on credit cards in a recession is not making your money work for you. The more you can reduce your credit card debt, the better. Whenever possible, try to pay off your card balance in full each month or more than the minimum. Same thing goes for your cell phone bills, make sure that your plan is cost-effective and tailored properly to your calling habits so that you can avoid cell phone fees.

• Reduce your energy bill. It's good for the environment and for your wallet. 

• Use coupons. Shop smart. Spend less. Try to reign in unnecessary purchases.

• Make sure your insurance coverage is up to date. Don't leave yourself exposed.
 
 
What’s more, it’s important to stay healthy during these tough times. Dr. Michael Silverman, a renowned sports psychologist and author of “Unleash Your Dreams,” says that keeping a positive mental outlook is essential to fighting depression. He suggests that you practice good nutrition and drink lots of water.  Diet/health expert Rivka Tadjer, author of “Two Weeks Under” also suggests that it's ok to snack when you’re anxious but it's also important to start a new physical hobby — jogging, hiking, rollerblading, etc. Tadjer says that a recession is the perfect time to start something new because it is a time of change.
 
It all starts by focusing on yourself. By treating yourself well, you give yourself the best opportunity to succeed when new opportunities come your way in the job market.