Friday, November 2, 2007

Hit Me, Baby (One More Time)

Britney has done it again. I do not know how she can be more outrageous or more irrelevant. And yet, somehow she is. She has done it again. This week court records were released showing the spending of Britney Spears and her ex-husband, Kevin Federline. Their divorce is final, but these figures are needed to determine the ultimate custody of the couple's two children.

Britney makes a lot of money. Even though she is certainly past her heyday as a revenue-generating celebrity, Britney still brings home about $737,000 each month. Not bad for a has been. That is not the problem, though. The difficulty that Americans should have with Britney's life is not the amount of money that she makes, but what she does with her money.

She has all the normal expenses that everyone else does. She makes two mortgage payments each month that equal almost $50,000. She spends $16,000 each month on clothes. Her largest reported expense is entertainment, which costs the pop princess $102,000 every 30 days. Britney spends over $4,700 eating out each month.

There are three problems with Britney's spending:

  1. Britney Spears spends more money on her clothes than she spends on her children. (Britney pays $15,000 each month in child support.) Now I am sure that there are out of pocket expenses that Britney has for the children when they are in her care, but she is certainly more committed to herself than to her children.
  2. Britney gives about $500 each month to charity. Just so there is no misunderstanding, she gives about .06% of her income to charity. That is not 6%. It is .06%. To give it some context, if you were to give away .06% of $1000, you would be donating 60 cents.
  3. The things that would make Britney a better person, education, savings, saving for her children's educations, do not appear in this report. That does not mean that she is saving and it is not reported here. There is no question about the fact. Britney is not saving. She is not planning for that future. She is not becoming a better person.

A wise man once said, 'For where your treasure is, there your heart will be also. (Matthew 6.21)' It is pretty apparent that Britney Spears' heart is all about Britney Spears.

for more information on Britney Spears financial disclosure refer to,2933,307492,00.html

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