Friday, November 02, 2007

Britney Spears Financial Details Revealed

Britney Spears spending habits were revealed when they financial details of her ongoing custody battle with Kevin Federline were unsealed by the court.

According to papers submitted to the courts by in May:

• 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; $2,500 on phone bills a month; and $49,267 on mortgage payments.

• Federline, 29, earned more than half a million in 2006 primarily from from endorsement deals. After his business expenses were deducted, he only took home $7,436.

• Federline currently receives $15,000 a month in child support from Spears. This would increase if he receives permanent 50/50 custody of their sons Sean Preston, 2, and Jayden James, 1.

•Spears pays $6,000 a month on child care; Federline spends $2,500.

• Spears contributes $500 a month to her charity, the Britney Spears Foundation; Federline donates nothing on charities.

• Neither partyr reported any savings or investments.

Source: US Weekly

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