Britney has zero savings
Britney has zero savings
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All thanks to her penchant for clothes and entertainment, Britney Spears spends lavishly on clothes and entertainment but does not save or invest any of her $ 368,000 (Rs 3.01 crore) monthly income, according to court papers.
Documents revealed in the singer’s custody dispute with ex-husband Kevin Federline show Britney’s expenses include $ 8,000 (Rs 6.55 lakh) for clothes and $ 51,000 (Rs 41.78 lakh) on entertainment, gifts and holidays. Although she is often photographed eating fast food, Britney declares she spends about 2,379 (Rs 1.94 lakh) a month dining out.
The star’s financial declaration to the court also shows that she pays $ 24,633 (Rs 20.18 lakh) per month on mortgage payments for two houses but spends nothing on education, savings and investments and gives $ 250 (Rs 20,478) a month in charitable contributions.
Britney pays Federline $ 7,500 (Rs 6.13 lakh) a month in child support and $ 10,000 (Rs 8.18 lakh) in spousal support.
Dancer-turned-rapper Federline’s biggest expenses include $ 3,750 (Rs 3.06 lakh) in rent and $ 3,000 (Rs 2.45 lakh) in security, according to his financial papers.
He has a comparably modest monthly budget for clothes – just $ 1,000 (Rs 81,864). He also spends about $ 2,500 (Rs 2.04 lakh) on entertainment, gifts and holidays, and $ 750 (Rs 61,397) eating out.
Federline earned more than $ 250,000 (Rs 2.04 crore) in 2006, mainly from entertainment and endorsement deals, but after business expenses only grossed $ 3,718 (Rs 3.04 lakh) that year.
The documents also show Britney had to temporarily surrender custody of her sons to Federline because she defied a court order.
In a September 28 order, Superior Court commissioner Scott Gordon banned the divorced couple from driving their children unless they were properly insured and had a valid driving licence. The pop star disobeyed the order when she was photographed driving her sons a few days after the order
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