There are two kinds of moneys: our own money (OOM), or other people’s money (OPM).
It is important it is to take care of our own money. We all have heard over and over again that how people in the public sector (such as school boards, municipal, provincial and federal Governments) have wasted tons of taxpayers’ money. After all, it’s just other people’s money, not their own money.
If we don’t take care of our own money, it will become other people’s money.