I found a few tips on conserving my batterly life on my iPhone and keeping it healthy and I thought I would share them.
Getting the Most out of one Cycle
Brightness
This is one of the biggest battery eaters. When you are in-doors, full brightness is not necessary. Try and keep it about 50% brightness inside or lower, and when outside, try and keep it below 100% if possible (obviously not over

). The brightness can be adjusted on your iPhone under: Settings > Brightness.
3G Off
3G loads data faster, but decreases battery life. It even says it in settings. If 3G is not available where you are, turn it off. If it is available but you are not using any data, turn it off. 3G is only an advantage when loading data, therefore it is not necessary when you are listening to music, watching a movie or using any other non-data apps. So, you guessed it, turn it off. 3G can be switched on/off under: Settings > Network then tapping the on/off switch next to 3G.
Wi-Fi
I couldn't believe how much more I got out of my battery when I switched off Wi-Fi when I wasn't using it. When you are in a Wi-Fi area, it is faster than 3G and doesn't use as much battery so use it. But, if you are out and about in the car or at school, switch it off. When Wi-Fi is on, even if you aren't downloading/uploading any data, your iPhone is always searching for networks around you which sucks up your battery pretty fast. Wi-Fi options can be changed under: Settings > Wi-Fi.
Turn off Bluetooth
Bluetooth in the iPhone is useless if you don't connect it to your car or headset, so turn it off under network settings when not in use.
Limit 3rd Party App usage
Excessive use of applications such as games that prevent the screen from dimming or shutting off or applications that use location services can reduce battery life.
Minimize use of location services
Apps that actively use location services such as Maps may reduce battery life. To turn off location services, go to Settings > General > Location Services or use location services only when needed.
Push
Applications such as Mail can be set to fetch data wirelessly at specific intervals. The more frequently email or other data is fetched, the quicker your battery may drain. To fetch new data manually, from the Home screen choose Settings > Fetch New Data and tap Manually. To increase the fetch interval, go to Settings > Fetch New Data and tap Hourly. Note that this is a global setting and applies to all applications that do not support push services.
Let It Breathe!
Charging your iPhone while in certain carrying cases may generate excess heat, which can affect battery capacity. If you notice that your iPhone gets hot when you charge it, take it out of its case first. Also, using iPhone in hot environments (30+ degrees) can drain the battery faster than in cooler areas.
Turn off EQ
Applying an equalizer setting to song playback on your iPhone can decrease battery life. To turn EQ off, go to Settings > iPod > EQ and tap Off. Note that if youve added EQ to songs directly in iTunes, youll need to set EQ on iPhone to Flat in order to have the same effect as Off because iPhone keeps your iTunes settings intact. Go to Settings > iPod > EQ and tap Flat.
Just lock it
When you are finished using your phone for the time being, lock it instead of just leaving it on the Home screen. Everything helps. Also, make sure you use the auto-lock feature and set it to the lowest amount of time possible.
Keep up to date
Apple are always trying to work on extending the battery life of the iPhone, so be sure to check for iPhone updates in iTunes regularly.
Getting the Most out of Your Battery Lifespan
Don't let it die
I thought this was a good thing to do, but I was wrong. Lithium-ion batteries (in the iPhone) do not like to be drained to 0%. I did this twice and both times I was stuck on the battery charging screen for 8+ hours. It said it was charging, but wasn't. Think of it like a car engine. If it is really cold and stalls, it may take some effort to start up. Same with a battery. If it is drained, it may take a while to start charging, if it even does.
Partial charges don't hurt
This is another thing I learnt. Lithium-ion batteries do not have memory, meaning that if you give your iPhone short charges and dis-charges, it won't be affected.
Do the occasional power off
iPhone is a computer, no matter what it looks like. So, every couple of days, power off iPhone by holding down the sleep/wake button and then sliding the red slider. Leave it off for about an hour and then boot it up again, just to do a refresh.
If you have any more tips, please post them here and I will add them. Also, if you spot any spelling or grammar mistakes, please point them out.
Cheers,
The iPhonetosh