Personal Income Statement

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Taking a closer look at my personal income statement, has not only allowed me to have a better idea of my financial situation, but it has also helped me learn some valuable lessons in understanding my revenue, expenditures, and net income. Indeed, through the analysis of my income statement, I found out that my disposable income can cover my expenses, which resulted in a positive net worth. But, I also realized that my expenses are out of control. This past year, my food expenses reached a total of $10, 368, which is more than any other expense I incurred during that time period. A lot of this spending comes from eating out, whether it is joining friends for dinner or inviting family at home. So, something needs to be done, I have to start

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