"Money didn't have a purpose for me; I didn't really know what it was. I just knew that I had it and didn't care about it." ...

Unfortunately, many adults learned poor money management skills during their most formative years, leading to long-term financial struggles.

Poor money management, excessive spending, limited savings or investments, and a lack of financial preparedness can all keep even the highest earners strapped for cash.

Poor money management comes from behavioral patterns, rather than knowledge about money. Most people know the general rules of money management like the 50/30/20 rule – 20 percent of your income ...

That's a problem." Any other celebs with poor money management? Share them in the comments below. 13 Celebs Who Had Poor Money Management And Lost It All (And How) ...

Poor money management, excessive spending, limited savings or investments, and a lack of financial preparedness can all keep even the highest earners strapped for cash.

4. Giving Away Money for Nothing You may tell your kids that “money doesn’t grow on trees,” but if you’re handing them cash for no reason, you’re planting the seeds of poor money management.

4. Giving Away Money for Nothing You may tell your kids that “money doesn’t grow on trees,” but if you’re handing them cash for no reason, you’re planting the seeds of poor money management.