Money Losers of 2007: Britney Spears isn't saving for a rainy day


Britney Spears Britney Spears had a bad 2007 -- but mostly it was due to self-medicating the pain over her divorce. And there's no doubt that her low earning ex-husband is getting a big share of her money.

Britney is not saving money for her children's future. But I guess she has not reached the point in her emotional development where she sees the value in prudent financial management.

The details are grim. According to CNN -- which shares a parent company, Time Warner Inc. (NYSE: TWX), with BloggingStocks -- Britney does not save or invest any of her $737,000 monthly income. Her monthly expenses include $49,267 in mortgage for two houses, $16,000 for clothes, $102,000 on entertainment, gifts and vacation, $15,000 for child support, $20,000 a month to support her ex-Kevin Federline, and $4,758 per month dining out.

Fortunately for Britney, the cash will keep rolling in as long as people -- including me -- can't get the sound of her "Gimme More" out of their heads.

Be sure to check out other Money Losers of 2007.

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