A few things I've learned from knowledgeable individuals that I'm now practicing and happy.
Pay off your debts starting with the smallest. Even the bible says that a debtor is a servant of the lender.
Don't accumulate more debt as nobody gets out of a hole by digging dipper.
If you spend more than 60% of your earnings you're eating away your pension.
Get some assets.
Your house, land and car are not assets.
If your house is earning less in rent than the monthly mortgage you pay then it is a liability unless another of your assets is supplementing.
If your are paying more than 20% in rent then you are trying to keep up with the Joneses.
Live like no one today so you can live like no one tomorrow.
Teach your kids about money so they are not dependent on after you retire.
Never lend money to family and friends, if you must then give it to them and ask them to pay at their convenient.
Never lend money to your Husband or wife because your money belongs to both of you, discuss what you want to do with it and decide.
I'll add more with time but pse feel free to add2012 attached the following image(s):
comfortrv.jpg
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BBI will solve it :)