How do you feel about the end of the year that is approaching fast? Do you feel pleased about your year and inspired about the possibilities of 2012? Or do you have year-end blues about 2011 and feel despair about what 2012 may bring?

People who experience year-end blues usually feel stuck, because the end of the year is drawing near and they have nothing to show for it. On top of that the next year looks to be much of the same thing.

If this is a pattern, they feel that life is happening to them and it is far easier to put the blame outside of themselves than it is to take responsibility. So they blame their circumstances, their boss, their partner, their parents – anything and everything to avoid looking inside themselves.

Another factor that adds to the despair is the lack of money to fund the extra expenses during the festive season, which invariable lead to a lot of debt. However, the satisfaction gained from all the extras is short-lived, because with debt comes interest and the inevitable payments that put even more stress on an already insufficiently funded budget. This, in turn, causes the following year to kick off on a deficit.

So here is the choice:

You can stick your head in the sand, spend extravagantly and deal with the consequences and added financial burden in January.

Or you can face the challenge head-on, plan and focus on what you can do and what you can afford, thereby minimizing stress and added financial pressure.

Realising this, you have the power to choose how you will approach the festive season - and it is entirely up to you whether you have a calm, relaxing and enjoyable festive season that continues into next year.

Besides dealing with the challenges of the festive season, it is important to prepare for a satisfying and successful 2012. Although the slow economy adds to external circumstances that you may not have control over, taking 100% responsibility for your life gives you the best chance to take charge and enjoy a satisfying 2012.

In part 2 we discuss taking charge and share some simple steps to help you do so.

About Dina Dina Marais is the founder of CoachingSelf.com, which offers affordable online personal development courses with step by step guide and ongoing support to help you achieve success in all areas of your life. For more information visit www.coachingself.com