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Sat, Nov 3 2007

The spending habits of Britney Spears and Kevin Federline

couple.pngI am IN AWE at what these two morons spend in a month. Check it out:

Court papers released Thursday in Britney Spears’ custody dispute with Kevin Federline show she spends lavishly on clothes and entertainment, and doesn’t save or invest any of her roughly $737,000 monthly income.

Spears’ monthly expenses include $49,267 in mortgage for two houses, $16,000 for clothes and $102,000 on entertainment, gifts and vacation, according to her financial declaration.

Although she’s often photographed eating fast food, Spears declares she spends about $4,758 per month dining out. Meanwhile, she spends zero on education, savings and investments and gives $500 a month in charitable contributions, the documents said.

She has to pay her ex-husband $15,000 per month in child support and $20,000 in spousal support. Spousal support will end Nov. 15.

As for Federline, his biggest monthly expenses include $7,500 in rent and $6,000 in security, according to his financial declaration.

The dancer-turned-rapper has a comparably modest monthly budget for clothes _ just $2,000. He also spends about $5,000 on entertainment, gifts and vacation, and $1,500 eating out.

Federline earned more than a half-million dollars in 2006, mainly from entertainment and endorsement deals, but after business expenses only grossed $7,436 that year. He receives $15,000 per month in child support.
source

Seriously, WHAT THE HELL. NO money in savings, NO money in investments, and a paltry $500 a month to charity? Good Lord – if I was making that much bank, Charles Schwab would be my new best friend, right next to T. Rowe Price. You’ve got to be kidding me.

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Comments

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  3. By Miss Prozac

    What the hell indeed. As it turns out this story is completely wrong!

    Turns out Brit saves about half that money each month and has investments of $33m in stocks and bonds as well as equity in the houses etc.

    A bit of fact checking before snarking? Brit is independently wealthy…

  4. By SoulHunter
  5. By Miss Prozac

    OMG! That is incredible nearly $0.75m monthly income and she fritters it away. Miss Prozac volunteers to be her banker

  6. By bigfan

    Britney is currently financially difficult! Her profile was found on millionaire dating site WealthyRomance.com last week! It is said she is dating a very wealthy young man!