scottie pippen 

Scottie Pippen played for the famous Chicago Bulls and had a successful career. Investing in bad decisions within the field of aviation, gourmet food and construction led to the loss of more than 120 million dollars that left him bankrupt. Now he is one of the many athletes have lost everything.

Zamorano 

Which puts it on the list of many athletes have lost everything it is the fact that he took a loan due to lack of money. Occurring what happens frequently; not being able to pay his debts adequately and today he finds himself with a debt of more than 3 million dollars.

Mike Tyson 

Thanks to mismanagement and a luxurious life his fortune went downstream in jewelry, clothing and material goods. All of this wouldn't be so serious if he hadn't also gotten involved in cocaine. And for this reason, an excellent talent was lost in bad administration and vices.

souleyman sane 

For today's businesses, this amount may not seem like a big deal, but for this time it was a respectful transaction. Sané couldn't support herself and today she can't pay her checking accounts. He also found himself in the midst of investment losses. Since the investment of 150 million euros generated losses and led him to enter the list of many athletes have lost everything. 

Salvador Cabanas 

After making great expenses with fame and luxuries, his life had a fame greater than any title; got involved in a crime. In 2010, in Mexico City, he got involved in a terrible situation in a shooting.

With a stable recovery, Cabañas was able to get back on his feet and perform basic activities again. However, he did not return to the soccer fields and he did not have money to support himself, which is why it is known that today he is a baker in his family's workplace.

Marion Jones 

Famous for her participation in the Olympic Games, as well as being on the list of the many athletes have lost everything he also found himself in the terrible state of having to return his gold medals. All this for having been proven positive within positive doping tests. In addition, he had to serve a fine for competing under illegal substances in and to survive, he had to sell his mother's house.

andreas brehme 

Unfortunately, Andreas is on the list of many athletes have lost everything this is due to a huge debt of 200 thousand euros. Today he works cleaning toilets and his last renowned job was in 206 when he was a technical assistant for Stuttgart. A terrible end for a sports star.

Allen Iverson 

Another basketball star who was involved in debt and losses was Allen Iverson. Although he earned more than 155 million dollars, he tried to put everyone around him at ease, he made several loans that he could not pay off and they led him to bankruptcy. A pity for this basketball star.

Julius Albert 

A former star of Barcelona and of the mattresses of Atlético de Madrid, who was a teammate of the famous Maradona. He couldn't beat his addictions as the teammate. The vices marked his life and his time as a player; for this reason, they left him in a family support group and also without a career. Julio Alberto deteriorated as a result of drugs.

George Best 

One of the best players of the time was nicknamed the Fifth Beatle. That because of his likeness and also because of his fame in the 1960s. Best was controversial and spent his entire fortune on money, drinks, women and cars. Another excellent career marked by vices.

Michael Vick 

Famous quarterback from San Francisco couldn't seem to manage $190 million. He found himself in controversy and even ended up in jail after a street dog fight. . He lost all his winnings and his bad decisions lead him to enter the list many athletes have lost everything

Evander Holyfield 

Another famous boxer from the 2000s was Evander Holyfield. Also eccentric and controversial was the protagonist of the ear bite to Mike Tyson. However, it is on the list of many athletes have lost everything living a life of extreme luxury with luxury cars, parties and a mansion he went straight for bankruptcy afterwards.

Antoine Walker 

The Celtics player described himself as a human ATM. His friends and family spent about $180 million that Walker counted as his estate. A sadness to see that, with friends like that, who wants enemies.

Ailton da Silva 

Ailton was the most expensive transfer to Werder Bremer from Germany. However, he spent 100 thousand euros per month on clothes, not having good money management and failing investments led him to bankruptcy. What goes up fast sometimes also falls fast if you don't know how to manage it.

john daily 

The famous golfer saw his estate lost in the doom of Las Vegas. It is estimated that he had about 60 million dollars won and it was the same that he put into play in the Sin City bets. What a lousy management!

Manuel Francisco dos Santos – Garrincha 

One of the best Brazilian soccer players who participated in historic moments could not stand fame, exposure and money. He fell into poverty which led him to depression and with alcohol, gambling and vices he died at 49. Without a doubt the most famous case of South Americans in this situation. Whoever watches the videos of this athlete can certainly clearly see all the talent he had.

Pete Rose 

One of the best hitters of all time, Pete Rose fell into the temptations of gambling and had to retire without entering the Hall of Fame. All for not knowing how to manage your money. His name to this day is famous for his great records, but also for his vices.

Christian Vieri 

An excellent Italian player from the golden age realized how much money he had. He lost all his savings from life in the casino. With nights out, alcohol and women. Later, he ended up bankrupting the company he had and ultimately lost $14 million.

Lawrence Taylor 

Lawrence Taylor, the linebacker who is part of the Hall of Fame, made his addiction to drugs, mainly cocaine, ruin his property. Subtracting absolutely nothing. Another career marked by illicit substances.

Paul Gascoigne 

Undoubtedly one of the worst results on the list many athletes have lost everything Paul Gascoigne was devastated by drugs. He is commonly drunk and was a constant presence on the streets, his last news was that he was in a ditch after a game of golf and a lot of drinking. His life as a sports star seems completely distant.

If you are thinking of making a spreadsheet of personal budget for your expenses, or you just want to better understand your money management, you should start with these five essential steps.

Even if you don't use a budget spreadsheet, you probably need some way to determine where your money is going. Thus, using templates can be of great help so that you can be in control of your financial life.

Furthermore, this strategy It will allow you to save so you can achieve your goals. Finding a way to track finances is the big trick. Here are the steps that can help you make a good budget.

5 steps to make your personal budget

Step 1: Write down your net income

To create a good budget, the first step is to identify how much you earn. However, it is important to remember that your salary is not equivalent to what you can spend, since there are essential expenses and also the debts that we all have.

So, when making your budget, you must subtract from your salary the values of taxes, social security, among other accounts. The amount after deductions will be your net income, it is also the number you will use to create your personal budget.

Tip: If you have a hobby or talent, you may be able to find a way to supplement your income. Having a source of extra income can also come in handy if you ever lose your job.

Step 2: Control your expenses

Tracking and categorizing your expenses is helpful in identifying where adjustments can be made. This will be of great help to know in which aspects you are spending the most money, also where you could cut back more easily.

Start by making a list of your expenses that are fixed, such as utilities, rent, mortgage, or car payments. It's unlikely you'll be able to cut these expenses, but it's helpful to know how much they take up your salary.

Next, list your most variable expenses, such as food, entertainment, and gas. In these expenses you can find ways to cut back. Bank and credit card statements are good starting points, as they often detail or categorize your expenses for the month.

Tip: Record your daily expenses with what you can: a pen and paper, an app, or your smartphone. You can use this spending and budgeting tool if you have a Bank of America account.

Step 3: Set your goals

Before you start examining the data you have, create a list of all the financial goals you want to achieve both in the short and long term. Short-term goals should not take about a year to achieve.

On the other hand, long-term ones can take 2 or more years. The important thing is to identify which goal has the highest priority so that you can make your budget.

Step 4: Make a plan

Use the information you compiled to help you understand how you will spend your money in the coming months. You can fairly accurately predict your fixed expenses. Use your past expenses as a guide to try to predict variable expenses.

Step 5: Change your habits when necessary

Now you have everything you need to make a good personal budget. Having documented your expenses and income, you can begin to see where some money is left over or where you can cut back.

The desire to buy is the first thing you should look for as you cut back. Evaluate your expenses in needs. For example, if you need Internet at home, if possible, you can contract a cheaper service, instead of contracting the fastest.

Such decisions come with big trade-offs, so be sure to carefully weigh your options.

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