Britney is a Big Spender

Last week court had released the hold over financial information of both Britney Spears and KFed and it appears as if the rumors of Britney being a big spender (and big earner) are absolutely true.

According to financial documents obtained by EXTRA, each month Britney spends hundreds of thousands of her $737,000 monthly income.

The pop star spends $49,267 in mortgage for two homes, $16,000 for clothes, $4,758 on food and $102,000 on entertainment, gifts and vacation. She doesn’t save any of it, and she spends nothing on education and investments. She does, however, give $500 a month to charity.

She pays Kevin Federline $15,000 per month in child support and $20,000 in spousal support. Those spousal support payments end Nov. 15.

When it comes to KFed, the expenses seem more down to earth considering he makes a lot less as well.

KFed spends $7,500 per month in rent, $6,000 in security and $2,000 for clothes. He also spends about $5,000 on entertainment, gifts and vacation and just $1,500 eating out.

Kevin earned more than $500,000 in 2006 from entertainment and endorsement deals, but after business expenses he grossed just $7,436.

And the funny part? KFed made only $3,300 in royalties for his 2006 debut rap song, “Popozao.”