Baby boomers and younger generations, Paul Hodge says, have been all but programmed to    spend and consume rather than save money for their futures. But given the nation’s economic squeeze, you should think about shrinking both your spending and your debt. You might, for example, move to a smaller, less expensive home and avoid buying expensive high-tech gear. “There are a lot of women in debt, big time,” Hodge says. “How many TV sets and cars do you need? Think about downsizing. It makes your life a lot easier and leads to a worry-free retirement.”