Personal Income Statement

Having a personal cash flow statement helps me to organize me finances by allowing me to see where exactly my money is going. I can see the area in which I really do not have to spend as much. For instance, housing expenses and transportation would be the priority for me. As much as I love to go out to the movies, I would have to cut down on my entertainment expenses. The most interesting thing I learned about completing this worksheet was discovering that most of the time I am spending more than I actually earn a paycheck. I sometimes have to utilize other sources to help me cover my payments. Some of the ideas I did come up with about changing my budget are for one, not eating out so much. There are 8 mouths to feed in my home and