Got a question about money worries? Ask Robert Peston
"Painful, unavoidably tough, difficult decisions"...these are just some of the ways the Prime Minister David Cameron has described the governments cuts that will affect "our whole way of life".
But what does this really mean? How worried are you?
Does this mean it will be harder than ever for school-leavers to get a job? Will the cuts affect who can go to university? Are you feeling the pinch? Or have you not been directly affected?
The man with the answers is the BBC's financial guru and Business Editor Robert Peston. In On The Money, Robert Peston will be explaining the events that have got us into the recession, examining how they affect you and what the future is likely to bring.
He's made a series of online videos exploring financial issues like borrowing. In this one, he meets 18 year old Connor Buxton and asks whether it' too easy to get a loan.
Should it be harder to get a loan now or do you need access to cash? Are you a saver or a borrower?
Robert Peston wants to know your thoughts on your money issues and any questions you have about your financial future. Post your queries on this blog and Robert will try to answer as many of them as possible once the new budget has been announced. Add your comment.
The government will announce details of their emergency budget on 22nd June.
On The Money with Robert Peston is on tonight at 7pm on BBC Three.
You can watch more videos from On The Money with Robert Peston covering issues like debt, pay and banks.