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- Title
Money Management for Student Athletes Transitioning to Professional Sports: How to Plan When Cash Flows are Uneven and Uncertain.
- Authors
Yates, Stephanie R.
- Abstract
This paper provides financial guidance for student athletes transitioning to professional sports. Sound financial planning is important in the absence of professional assistance. This paper outlines key budgeting tasks for the professional athlete. This paper also provides a sample case to illustrate how an athlete might manage his or her finances and blank worksheets are also included. Adherence to a budget that is useful but Tot overly restrictive can help a young athlete manage income uncertainties and prepare for a stable financial future.
- Subjects
FINANCIAL management; BUDGET; COLLEGE athletes; ENDOWMENTS; PROFESSIONAL sports; STRATEGIC planning; VOCATIONAL guidance; PROFESSIONAL athletes; TRANSITIONAL programs (Education); PLANNING techniques; ECONOMICS
- Publication
Sport Journal, 2017, p1
- ISSN
1543-9518
- Publication type
Article