Money Smart Athlete Blog

November 2018 Editorial: Sports Career and Money Management

Nov 1, 2018 | Editorials

1 November, 2018

Learning to live and save within your means and knowing how to manage money are some of the most important life skills you will ever master. Adopting good spending habits and sound saving strategies will guide you towards a balanced and complete life.

As an athlete, you are considered lucky because you earn a lot more money than average. At the same time though, the money that athletes like yourself earn, come with a huge disadvantage; they are earned in a shorter time period than that of any other career and they are unpredictably uneven. Therefore good money management is imperative from the early days of your sports career to ensure that you will be able to afford a good life after your sports career ends.

This month we want to alert Money Smart Athletes to the necessity of learning, adopting and practicing good money management habits from day one of their sports career. Some of the best money management habits that Money Smart Athletes can adopt are those of living and saving within their means, while at the same time they create alternative sources of income through investing. Good money management will definitely give Money Smart Athletes a head start in their financial game plan!

Athena P. Constantinou

E-mail: [email protected]