Carrying debt such as loans, medical bills, and credit card balances can have lasting negative effects on your financial health, especially when your inability to pay it off leads you to bankruptcy.

It’s best to practice smart money management so you don’t land yourself in financial trouble. Here are a few common financial habits that increase long-term debt, and should be avoided whenever possible:

1. Paying Only The Minimum On Credit Cards

You’ve probably noticed that the minimum payment on your credit card is significantly lower than your total balance. If you only pay that minimum, the interest you accrue on the remaining balance will only set you further back on your debt. To avoid interest accrual once your card is paid off, only charge what you know you can fully pay off in one or two statement cycles. Until then, pay as much as you can comfortably afford.

Former MLB starting pitcher Livan Hernandez has filed for bankruptcy. Throughout a 17-year career, he made more than $53 million. Today, he says he’s worth less than $50,000. According to court documents obtained by the Miami Herald, Hernandez owes around $1 million to about 50 creditors; as well as an undisclosed amount in back taxes and $220,000 to a local businessman.

He joins a group of rich and famous individuals who’ve endured the setback of bankruptcy, many of whom, like our current President, were able to bounce back.

In a recent interview with ESPN E:60, running back Trent Richardson revealed that friends and family spent $1.6 million of his NFL earnings over the course of 10 months in 2015.

Bad investments, poor budgeting, regretful spending choices and surrounding yourself with the wrong people have lead many former NFL players into the hole of financial oblivion. Others, however, made it to the other end of the financial spectrum – making investments or doing deals that made them mega rich.