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What we should all know but don't really understand
If you never ever want to worry about money then you really must keep the following formula in mind whenever you make money and spend money.  By following this formula, you will be richer tomorrow than you are today.

Income > Expenses = Money

As long as your general income is greater than the money that you spend then you are on the way to becoming richer.

Of course we all know that the more you save, the more money you will have in the end for various purposes (buying bigger and better things, or for bigger and better investments). 

BUT, whatever you do please refrain from following the one sure formula for being poor and broke and unable to buy anything:

Expenses > Income = Debt

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