Tuesday, November 6, 2007


Despite the singer’s substantial monthly income, she has zero savings — 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 exhusband 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 she pays 24,633 (Rs 20.18 lakh) per month on mortgage payments for two houses but spends nothing on educatio1n, 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. The documents also show Britney had to temporarily surrender custody of her sons to Federline because she defied a court order.

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