Professional basketball stars might earn millions for winning games, but managing those millions can be a losing battle.
Just ask Evan Turner, a forward-guard for the Philadelphia 76ers. Late last week, Turner posted a photo of an ATM receipt with an available checking balance of $-48.81 on his Instagram account. A sarcastic caption accompanied the photo: "Bank account look like im ready for early retirement…" Based on the receipt, it looks like the former first-round draft pick attempted to withdraw $50 from his checking account, which appears to have had a whopping balance of $2.69 before the transaction.
To frame this online display of Turner's banking troubles, here's a bit of context. Lately, Turner has been the subject of potential trade rumors. The franchise did not sign him to a contract extension by the Oct. 31 deadline, and Turner appears to be frustrated with the talk surrounding his future. This photo may be a suggestion for writers (like me) to write about something other than putting Turner on the trading block. In fact, Turner's next post included the caption, "Lame bloggers should get a life. #writeaboutthat"
Unfortunately, I haven't gotten a life. Instead, I'm writing about Turner's personal finances. I'm guessing that he has another account. In fact, he probably has many other accounts. The star will earn more than $6.7 million this year. With that kind of salary, I think he may be able to avoid the overdraft fee.
Still, the photo is an important reminder for average banking customers: It's not a good idea to post about your personal finances. Turner's photo includes the last four digits of his checking account. In today's world, cyber thieves can easily pounce on this snippet of information to drain your bank account. Although, in Turner's case, it seems those criminals would not get very far.
How do you keep up with your bank account balance? Do you log in to your account? Or do you do it the old-fashioned way and write your transactions in a checkbook?