Britney & K-Fed’s Spending Habits Revealed
November 3, 2007 by Amber
Filed under Britney Spears, Kevin Federline
Ever wondered how the stars really live, and just what they do with all that cash?? Well, wonder no more, because a few unsealed financial documents in the Spears/Federline custody case have revealed just how Brits and K-Fed distribute their cash…
Here’s what the documents (which were given to the courts in May) had to say about the two singers:
• Spears earns $737,000 a month.
• She spends an average of $102,000 on entertainment, gifts and vacations; $16,000 on clothes; $4,758 on dining; and $2,500 on phone bills a month. She spends $49,267 on mortgage payments.
• Federline, 29, earned more than half a million in 2006 (mostly from endorsement deals), but only grossed $7,436 after business expenses.
• Federline receives $15,000 a month in child support from Spears. (He could get more if he receives permanent 50/50 custody of their sons Sean Preston, 2, and Jayden James, 1). Since Spears is the higher earner, Federline is entitled to child support payments until the children become adults.
•Spears drops $6,000 a month on child care; Federline spends $2,5000.
• Federline raked in $3,330 in royalties from his 2006 debut track “Popozao.”
• Spears contributes $500 a month to her charity, the Britney Spears Foundation; Federline donates nothing on charities.
I’ve certainly learnt something after reading all that… I never knew the Britney Spears Foundation existed… I guess that has something to do with Brits putting so much effort into it.
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