Anyone who has children already knows that the price of parenthood doesn’t come cheap. Moms everywhere are surely familiar with just how much it costs to raise a family. Aside from the obvious costs like diapers, food, clothing and childcare, there are always unforeseen expenses including doctors’ visits and school tuition, just to name a few. With all of the money it takes just to buy a baby’s basic necessities before he or she is even born, it can be easy to get overwhelmed with the reality of how costly it is to have kids.
Of course, at the end of the day the pure joy of being a parent can make all of the stressful stuff seem to fade away (at least for a little while), but it’s still incredibly important to budget accordingly to make sure that you can appropriately afford to give your little ones everything they need. While cutting back on some of the simple luxuries we indulged in before we became parents may be daunting at first, it’s a good way to start saving up for the inevitable expenses that come along with motherhood.
For some parents, even the thought of cutting back seems like too much to handle, and they carelessly continue to spend money on things they really can’t afford. While blindly spending your income might not be in anyone’s best interest, there are plenty of people who refuse to give up the life they’ve grown accustomed to before children became a major part of their everyday equation. And let’s be real, we’re not just talking about average people here – even celebrities have been guilty of living far beyond their means in order to appear richer than they really are. There have been countless celebs who insist on living large and maintaining an A-list lifestyle even though they no longer have the means to afford it.
Some celebrity parents have somehow managed to squander their fortunes on frivolous purchases while others have mismanaged their money somewhere down the line and have nothing to show for all of their hard work. When money is tight, the best (and most obvious) thing to do would be to restrict spending, but certain celebrities are quick dismiss downgrading their way of life no matter what the circumstance may be.
15 Alyssa Milano – Unknowingly Lost It All
She may have been a celebrity since childhood, but Who’s The Boss and Charmed star Alyssa Milano is currently staring financial ruin right in the face and it isn’t pretty. There’s no real reason why Alyssa shouldn’t have been able to save a decent amount of money over the course of her substantial career in Hollywood, but earlier this year it was revealed that she is millions of dollars in debt, is way behind on paying her taxes and spent $5 million on renovations for a property that was only worth $3 million.
It’s never easy to realize the severity of mismanaging money, but the stakes are much higher in Milano’s case because she is a proud mother to two young children, Milo and Elizabella. Naturally, raising children doesn’t come cheap, and doing so as a celebrity is probably no picnic when you can’t afford to keep up with the other star-studded power players who live on the same street.
According to Alyssa, she had absolutely no idea that she was in such a drastic financial situation, and she places full blame on her financial manager for keeping her in the dark about how much of her money had been depleted. She’s currently attempting to take him to court in a vicious $10 million lawsuit. Milano made some bad investments, failed to keep up-to-date with the people who she put in charge of her income, and she was irresponsible when it came to paying important bills on time. At this rate, it’s safe to say that Alyssa Milano is flat broke and we never could have saw it coming.
14 Jodie Sweetin – Full Of Financial Problems
After playing Stephanie Tanner on the popular sitcom Full House for eight seasons, you might initially think that Jodie Sweetin is worth a pretty penny. Not quite. Somewhere in between the time that Full House came to an end and its spinoff series Fuller House began, Jodie struggled with substance abuse and ultimately squandered a large portion of her money on her bad habit.
While she was trying to stay on the straight and narrow, Jodie got married and had her first daughter, Beatrix, with husband Morty Coyle. Things didn’t quite work out for the couple and they decided to divorce, but Sweetin tied the knot yet again to a man named Cody Herpin and welcomed a second daughter, Zoie, to the mix. Eventually, things soured between the pair and they ended their marriage, but since Jodie earned more money than her ex she was responsible for paying him child support.
Sweetin was ordered to give her former husband $2000 per month in addition to $10,000 of unpaid child support until the year 2026. In her divorce papers, the star claimed that her house was in foreclosure, her water was shut off several times and her utility bills were overdue. In total, Jodie is reportedly only worth an estimated $800,000, which may be considered a nice chunk of change to some but it’s nearly nothing compared to what you might expect her to have amassed throughout her lifelong career.
13 Pamela Anderson – From Baywatch To Bankrupt
Let’s face it; everyone knows who Pamela Anderson is…the woman is practically an icon in the entertainment industry. The sultry starlet made a name for herself as a Playboy Playmate and then found mainstream success as an actress on shows like Baywatch. With a long history of being famous beyond belief, you might think that Pamela is sitting pretty on a huge pile of cash, but you couldn’t be more wrong.
Anderson’s alleged net-worth is only $5 million, which is a substantial amount of money to the average person but when you take into account Pam’s decades-long career, she should have much more money lining her pockets. In 2009, it was revealed that Anderson declared bankruptcy after failing to pay nearly $1 million in construction work done on her Malibu residence. On top of that, the star also owed over $250,000 in back-taxes starting from 2007.
While at this point, Pam’s two sons she shares with Tommy Lee are almost grown, that doesn’t mean being broke at this stage in life is any easier. It’s shocking to think someone as recognizable as Pamela Anderson could be considered ‘poor’ by Hollywood’s standards.
12 Kelly Rutherford – Lost Her Fortune & Her Family
While many celebrities have gone through nasty public divorces that have left then exhausted and on the verge of financial ruin, few stars have had it worse than Kelly Rutherford.
The Gossip Girl actress was once happily married to Daniel Giersch and they shared two children together, but things took a turn for the worst when the couple split in 2010 and they entered a vicious custody battle for their son and daughter. To make matters even more complicated, Rutherford’s ex-husband was a citizen of Monaco and wanted to take the children to live with him full-time.
The whole case surrounding Kelly’s divorce was nothing short of unfortunate, and in 2013 the star officially filed for bankruptcy because the continuous visits to court and lawyer’s fees had drained her savings. The star was over $2 million in debt, but that was nothing compared to the harsh outcome of the three year battle for the couple’s children.
Ultimately, Giersch was awarded full custody and Rutherford was banned from bringing them back to the United States. It was understandably a tragic defeat for any mother to have to hand over her children to someone else who lives so far away, and the fact that all of her money was gone surely was like an extra punch to the gut.
11 Tori Spelling – Can’t Stop Her Spending Spree
It’s certainly no secret that Tori Spelling has a seriously bad habit of over-spending. The excessive shopper has often been spotted buying so many useless items and maxing out her credit cards that she has found herself in a world of debt. Tori herself admits to having a bit of a spending problem.
You might think that Tori is incredibly rich since she has been acting since she was a teen and her father was legendary producer Aaron Spelling, but that couldn’t be farther from the truth. After Aaron’s death in 2006, it was revealed that he only left Tori $800,000 out of his staggering $600 million fortune. Her father’s snub was far from intentional, and many assume that Tori’s mother played a large role in her getting the short end of the stick when it came to inheritance.
Of course, Tori is a five-time mother of children ranging in ages from ten to eight months. It goes without saying that raising five little ones can be a handful, but it can also be super expensive. Tori’s money troubles seem to have only gotten worse over time, and she has recently failed to pay $220,000 in unpaid loans while the IRS allegedly drained her accounts to cover the cost of several years worth of unpaid taxes.
On top of all that, Spelling has been battling it out with her credit card companies who insist she pays up immediately. To add insult to injury, it’s been long rumored that Tori’s mom is the one privately paying for her rent and funding her children’s education. According to reports, thanks to her exorbitant spending Tori is only worth a measly $500,000…and most of that has to be paid out to bill collectors.
10 Toni Braxton – Back- To-Back Bankruptcies
When you first hear the name ‘Toni Braxton’ a few things might come to mind. Aside from being a vocal powerhouse and a top-selling recording artist, it’s pretty safe to assume that Braxton would be worth a small fortune, right? Think again.
Despite selling millions of records throughout the course of her career, the multi-platinum singer failed to rake in the kind of cash you would expect from a certified star. Braxton revealed that she only received less than $2000 in royalties from her first record deal and she constantly found herself owing money to her label instead of being paid by them. The lack of pay resulted in Toni’s first filing of bankruptcy in 1998, but that was far from the end of her financial trouble.
In the years that followed, Braxton became a two-time mother to her sons, Denim and Diezel, in the early 2000’s. Now that she was spending more time at home she developed a feel for being domestic, and splurged on fancy home décor to an excessive degree. Braxton filed for bankruptcy a second time in 2010 and was forced to cancel her independently financed Vegas show due to an underlying health condition. Despite her perpetual financial strife, Braxton is said to be worth an estimate $10 million, which is a ton of money in the grand scheme of things, but nowhere near the amount that she should have acquired over the years.
9 Kim Zolciak-Biermann – Spending More Than She Earns
If you’ve ever seen The Real Housewives of Atlanta or even the Don’t Be Tardy spinoff, you already know that Kim Zolciak-Biermann loves to spend money like it’s going out of style.
In 2011, the single mother of two girls married NFL played Kroy Biermann and the couple immediately got a head-start on building a brood of their very own. In the years that followed, Kim went on to have four more children, including sons KJ and Kash, as well as twins Kane and Kaia. Kim’s newly expanded family didn’t stop her lavish spending, and they pair went on to buy expensive homes, cars, and designer duds for Kim to drape herself in.
Of course, the earnings of professional athletes have always been public knowledge, and it was no secret that last year Kroy banked just under $1 million while playing football professionally, even though Kim falsely claimed that he earned close to $20 million. Making their situation even more complex, Kroy was released by the Atlanta Falcons and has been a free agent ever since…and for lack of a better word, he’s unemployed.
Although Kim and Kroy have been hit with several lawsuits from ex-employees whom they have failed to pay, Zolciak-Biermann insists that she and her hubby don’t have a care in the world when it comes to their finances. We’re pretty positive that Kim is in denial how she obviously lives beyond her means, but with six children to take care of and a husband who is sans-income; she might want to think twice before swiping her credit card at Chanel and Louis Vuitton.
8 Mel B. – Squandered Her Spice Girls Fortune
She may have sold millions of records and toured the world as a member of The Spice Girls, but Melanie Brown, or simply ‘Mel B.’ as her fans call her, is a whole lot less wealthy than you would ever imagine. Of course, following her success in the popular girl band, Mel branched out and found further fame as a judge on America’s Got Talent, and that gig surely gives her a handsome paycheck.
But the single mother of three has had her fair share of troubles when it comes to her love life, and her most recent divorce nearly devoured what was left of her savings. After filing for divorce from Stephen Belafonte earlier this year, all of Mel’s money problems became public knowledge and the world became privy to the fact that she spent the bulk of her massive $50 million fortune. According her ex-husband, Mel lived a supremely “extravagant and affluent” lifestyle that virtually wiped out all of the funds she earned from her career as a pop star.
While it was revealed that Mel currently earns just under $200,000 per month, she was ordered to pay her former flame $40,000 per month in spousal support. On top of that, Mel has three daughters with three different men and she will likely have to shell out an additional amount to Belafonte in child support. With all of her endless spending and mounting expenses, it’s no wonder Mel B. has a lot less money than anyone thought.
7 Tila Tequila – Begging Fans For Funds
Long before social media became as big of a sensation as it is now, Tila Tequila managed to use MySpace as a means to gain fans and followers while carving out a notable name for herself as a certified star. Tila’s online notoriety translated into a couple of reality TV gigs, a book deal, and even a couple of adult films, but much like MySpace itself, Tila’s legacy of being number one is certainly a thing of the past.
In 2013, Tila began dating a musician named Thomas Whitaker but their relationship soured quickly due to his financial problems. Their brief romance did however, result in a child and the following year Tila became a mother to daughter Isabella. In recent years, the star has been known to stir up some serious controversy in an obvious attempt to stay relevant, but few were a bigger cry for help then when she started asking her fans to start sending her money. Tila started her own crowd-funding website and encouraged her fans to pay for her long list of expenses including her overdue rent, her furniture, and other the cost of raising her child.
In a social media post, Tila indicated that she was too broke to pay her bills and told her followers, “I have zero pride or ego when it comes to taking care of my daughter because this is what real good mother’s do. We sacrifice for our children and would take care of them by any means possible. Even if that means being a celebrity, and creating a GoFundMe campaign to get hep from my fans.” It seems like Tila Tequila has taken a major fall from grace and has no money in the bank to support the lifestyle she was once accustomed to.
6 Kelis – Her Milkshake Couldn’t Bring In The Money
Kelis may best be known for her catchy song “Milkshake” but unfortunately for the singer, that one hit just isn’t enough to pay her mounting bills. Kelis was once married to famed rapper Nas, but by 2009 the relationship between the pair fizzled and they decided to call it quits…while Kelis was seven months pregnant with her soon-to-be ex’s child.
Amidst their messy divorce, Kelis claimed that Nas left her virtually penniless and went to court to hold him financially responsible for the inevitable expenses that with birthing and caring for a child. According to Kelis, her money situation was dire, claiming to the courts, “I have run out of money”. Kelis further claimed that her “survival is based on [Nas’] will at this time. If he does not want to pay for an expense, it does not get paid”.
On top of all that, the sassy singer insisted that her ex-husband continue to fund the lavish lifestyle she grew accustomed to during their marriage, citing that when they were together she was living large by flying first-class, buying expensive jewelry and dividing their time between their five homes located all over the globe. While the judge did eventually rule that Nas was obligated to pay Kelis child support, the amount had been substantially reduced not long after the decision.
5 Kate Gosselin – Forces Fame To Pay The Bills
Kate Gosselin was just your average mom until she discovered that she was pregnant with sextuplets. Gosselin suffered from Polysystic Ovary Syndrome, better known as PCOS and sought the help of fertility treatments in order to have children. In her first go-around, Kate welcomed twins Mary and Cara. A few years later, Kate got the surprise of her life when she got the news that she was carrying six babies during her second pregnancy.
Of course, the thought of raising eight young children could be terrifying for some, but Kate and her husband scored a deal for their own reality show on TLC that became an instant hit. Once understood the reality of how much it would cost to raise that many children, she became dedicated to doing whatever it took to stay relevant in the entertainment world. Of course, the paychecks from their television series surely helped pay the family’s many bills, but contrary to popular belief Kate didn’t earn as much as you might think.
Although she has since parlayed her notoriety into a book deal and has scored spots on other well-known reality shows, the price of raising eight children is no laughing matter. While Kate has been pushing hard to acquire both fame and fortune, she was reportedly only worth $200,000 in 2015. Not surprisingly, that kind of money could be spent in the blink of an eye when you have eight mouths to feed.
4 Jacqueline Laurita – Failed To Pay Taxes
In Jersey, it’s not uncommon to flaunt your wealth by living in plush mansions or driving luxury cars, and there’s nothing wrong with making big purchases…as long as you have the bank roll to back it up. Apparently Teresa Giudice wasn’t the only one from The Real Housewives of New Jersey who was faced with some serious money troubles, because her longtime frenemy Jacquline Laurita have also been buying far beyond what they can actually afford.
While Jacqueline was always quick to taunt Teresa about her fraudulent finances, it was later revealed that Laurita too was guilty of failing to properly pay her taxes. Viewers of the show know that there’s a whole lot at stake for Jacqueline and her family. After all, she is the mother of three children who’s youngest child has special needs that require expensive therapy and treatments, so losing everything would be catastrophic to Laurita.
In addition to owing over $340,000 in back taxes, Jacqueline’s home was also in foreclosure and she can’t even afford to pay $290,000 in lawyer’s fees. To make matters worse, instead of saving money to pay off her mounting debts, Jacqueline decided to hire an interior designer to redecorate her entire home. According to reports, Jacqueline along with her husband has a combined net-worth of $500,000 but they owe so much to the government they are practically penniless. It’s clear to see that Laurita’s reality is a far cry from the extravagant lifestyle she portrayed on TV.
3 Teresa Giudice – Guilty Of Financial Fraud
Teresa Giudice may have projected a lavish lifestyle to millions of viewers who watched her on The Real Housewives of New Jersey, but behind closed doors Teresa was dealing with major money drama and struggling to stay afloat.
On the show, Giudice often boasted about her multi-million dollar mansion while not even batting an eyelash at adding extravagant purchases to any one of her credit cards. The reality star was typically draped in diamonds and was only worthy of the finer things in life, but in actuality Teresa couldn’t really afford her upscale way of life.
In 2009, Teresa and her husband faced serious financial and legal trouble when they filed for bankruptcy. As many know, creditors accused the couple of concealing some of their assets, and both Teresa and Joe were found guilty of committing bankruptcy fraud. In an instant, Teresa’s world was turned upside down when she was forced to sell some of her most prized possessions in an effort to pay back the government. In addition to having owed a large sum of money to the IRS, Teresa and her husband were both given jail time for their failure to claim their assets.
Teresa struggled to served year behind bars away from her children, and after her release she was still reeling from her many money problems and run-ins with the law. After her tumultuous couple of years, Teresa is said to have a net-worth of $1.5 million, which is a far cry from the amount of cash she made it seem like she had at the start of her reality TV career.
2 Natalie Nunn – Living A Double Life
There’s no denying that the name ‘Natalie Nunn’ has become synonymous with misbehaving. After all, Nunn was the undisputed breakout star from The Bad Girls Club franchise and she has made a career for herself out of being confrontational, dramatic, and downright explosive. Anyone who is familiar with Natalie that in addition to being the center of any argument, her other passion is profusely bragging about her lavish lifestyle.
The reality star often boasted about how she only associates with an elite crowd and that she’s used to getting the star treatment everywhere she goes. Nunn made sure the whole world knew that she often brushed shoulders with the rich and famous and she made a habit out of dating wealthy famous men including rapper Wiz Khalifa and NFL star Vernon Davis. However, all that changed when Natalie met unsigned football player Jacob Payne.
While Payne claimed to be a professional athlete, he was never signed to any pro team, was never drafted and had no record of ever playing at a professional level. Needless to say, Payne wasn’t worth nearly as much as any of Natalie’s exes, but love conquered all and he couple married in 2012. Earlier this year, the couple became first-time parents following the birth of their daughter, Journey. Although Natalie was now a new mom, it hardly stopped her obsession with pretending to be rich. Nunn might still pretend to live the life of a socialite, but her estimated net-worth is a modest $325,000.
1 Brie Bella – Basically Broke
Alongside her twin sister, Brie and Nikki Bella formed a dynamic WWE duo called “The Bellas”. The pair became increasingly popular in the wrestling world, and soon the women were essentially the face of the entire female division of the franchise. Of course, with popularity comes a super huge paycheck, no? Well…not really.
The star recently became a new mom to her daughter, Birdie, with fellow pro-wrestler Daniel Bryan. While the couple has both stepped away from the world of professional wrestling for the time being, they definitely don’t have enough money saved to stop working all together. Brie is said to be worth $1.5 million, which isn’t much if you consider the longevity of her career and her overall contribution to the WWE.
On top of that, her sister Nikki is engaged to John Cena, one of the biggest stars in the business. With Cena being worth over $35 million, Nikki is living large in plush villas and fills her closet up with pricey attire and red-bottom shoes. Meanwhile, Brie and her beau live rather modestly in a quaint ranch style home. Although Brie seems to enjoy living a rather normal, domestic, life, it must be a bit frustrating to constantly be one-upped by her twin sister when it comes to living in the lap of luxury.
Sources: RadarOnline.com, DailyMail.co.uk, People.com, CelebrityNetWorth.com
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