The squandering of a $350,000 contract by former Bad Boy rapper G-Dep was used as a prime example to show teenagers how to manage their money during a financial literacy workshop at a Queens, New York high school yesterday (October 30).

Dep, who is well known for hit “Special Delivery” and his appearance on Diddy’s “Lets Get It”, signed a $350,000 contract to Bad Boy Records to release five albums but blew all of his money away.

To date, he has only released one album via the label, Child Of The Ghetto, which hit shelves in 2001.

The rapper’s fall on hard times became public when a New York Daily News article published in February revealed that that Dep had served a month in Rikers Island because he couldn’t pay $750 in bail money.

Dep was arrested in early January after a breaking a display model mobile phone during an argument at a T-Mobile store in Manhattan.

According to The New York Daily News, students from Queens’ Campus Magnet High School who were at the financial workshop Tuesday,were shocked to hear someone ruin their career because of poor financial planning.

The message seemed to get across to 16-year-old Gerardo­-Suarez and Sherraine Cannon, 17.

“Have a backup plan, don't throw yo ur money into one thing,” is the lesson that Gerardo ­Suarez learnt from the workshop.

“If you get money, just don't spend it like you got everything,” said Cannon.