We've benefited from the welfare state, a decent education system and the housing boom. Thanks to generally good nutrition, advances in technology and a still-enviable National Health Service, we'll live significantly longer, healthier lives than those who've gone before. Plus, of course, we're the wealthiest group in the UK population. All in all, we ought to be feeling pretty pleased with our lot!

Of course that's the big picture, and it's certainly not like that for everyone. At an individual level, there won't be too many of us who are living the high life without a care in the world. But we also hold another trump card - a wealth of opportunities to influence and change our lives… and that in itself is another major step forward compared with earlier generations.

A recent survey1 suggested that the over 50s rate financial security, health and relationships as key to their quality of life, so it pays to give some serious thought to these topics. And whilst our health and relationships are trickier to plan for, we can do a great deal to take control of our personal finances and shape our future lifestyle.

Looking after the pennies...
During the same research, a group of over 50s were asked about the best financial decisions they'd ever made. They said…

'Buying a house when we were young. We now [have] a choice of staying in it or making money by moving into something smaller which will give us financial security.' Barbara

'When I was in my late 20s … deciding to move from being in the red to being in the black … and have stayed that way since.' Mike

'Buying the biggest house we could afford when we were first married as we now have capital and have enjoyed living in nice houses. Plus - paying into various company pension funds. We now have several 'money pots' which, although not generating as much pension as we once thought, will give us some security in old age.' Chris

In the Money section, you'll find inspiration, information, tips, and tools to help you take a fresh look at making your finances work. Mattie Borland offers a creative take on getting your money to work harder when the pay cheques stop in her feature, When less is more… And why not try our handy financial health check to help you take stock of your finances.

Pensions are still a big worry for many, so head for Alison Geldart's feature, Pensions, pensions, pensions… should we be worried?, to get the latest news and views on the best route forward. Simply want a bit of pure inspiration? Turn to the remarkable tale of Warren Buffett, as Kathy Smart discovers How to be the second richest person in the world. What a guy!

And there's plenty more too. Grab a coffee, have a browse and enjoy!

Have you got a story to tell? Or any comments or questions about this article? If so, contact us today!

1 learndirect website survey, September 2007

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