Everybody has expenses, which are backed by the money you earned by a individual. Whatever one generates can be classified as the inflow or earnings while your spending is the outflow of money. Sachin Karpe says it’s important to maintain balance between the inflow and the outflow in other words the earning and expenses. Panning your expenses is one way to avoid overspending; one should learn to differentiate between needs and wants. This helps in managing the earnings and avoids unwanted expenses. This will help you keep your costs within the appropriate funds.