Discover how to optimize your discretionary income and achieve financial freedom with practical budgeting tips, investment strategies, and expert insights.

The best way to make the most of your money is to understand how you earn, spend and save. One of the best tools for this is a personal financial statement listing all the relevant information.

Basic Income Financial Statement Format According to the Corporate Finance Institute, the basic financial statement format for an income statement states revenues first, followed by expenses.

Example Example of an income statement. Let’s look at basic information from the most recent quarterly statement for Apple (AAPL-0.79%).As you’ll see, Apple breaks out its revenues and ...