Britney Spears Goes On A Budget
March 19, 2008 at 5:55 AM (PT)
There’s some belt-tightening going on in the BRITNEY SPEARS camp, but it’s not because SPEARS is going broke or was recently told to pay KEVIN FEDERLINE’s attorneys $375,000, writes MSNBC. The reason is that BRITNEY SPEARS’ conservators and advisors want to make sure that SPEARS and her two kids, SEAN PRESTON and JAYDEN JAMES, can have everything they need.
"If BRITNEY SPEARS never goes back to work, there is no reason she and her kids shouldn’t be able to live a very comfortable life with the kind of money she has in the bank," said a source close to the SPEARS family.
As for what SPEARS has in the bank, it’s not as much as what’s been reported. "Those figures of $100 million or more were so off the mark," a SPEARS source told OK! MAGAZINE. Best estimates for her net worth are in the $40 million range, according to several people with knowledge of SPEARS’ finances.
The cutbacks in spending are widespread, according to OK!, which estimates that she’ll go from a "budget" of $100,000 a month on entertainment and vacations to 10% of that; her $16,000-a-month clothing allowance will get halved; and as of APRIL 1st, SPEARS will let go of her $30,000-a-month MALIBU home she hasn’t been to in months.
"It’s taken a huge team to bring some normalcy out of the chaos that existed," the source told the magazine. "This team will have to be in place for years."