John Olufemi Omotoso Abrahams

The use of other people's money is known in business circles as an advantage and has been deployed to build huge financial success. On a personal level, uncontrolled debt can bring about many negative consequences, including loss of credibility, relationships, and other unexpected situations. Many mismanaged business debts will also carry similar consequences. It is important to understand the limits of the use of other people's money and acquire the skills of budgeting to empower the individual and the corporate organisation in money management.