Jessica Simpson shared valuable insights with Britney Spears regarding her reported extravagant spending habits.
In a recent encounter at Los Angeles International Airport, Simpson warned the "Womanizer" singer, who is rumored to be rapidly depleting her $60 million fortune on luxurious vacations.
"You can blow all your money on vacation if you're not careful," Simpson told TMZ, "but memories are worth more."
After enjoying spring break with her husband and children in Cabo San Lucas, Mexico, earlier in April, Simpson revealed that her mom covered all the expenses for the trip. Though she usually flaunts her luxurious lifestyle on social media, the 43-year-old fashion designer said a cost-free vacation this time.
She added, "That trip was on my mom, so it was free for me!"
Simpson's statement is reportedly a cautionary message to Spears, according to Page Six.
Britney Spears' Financial Troubles
This revelation comes amid reports that Spears is rapidly depleting her financial resources following the termination of her conservatorship in November 2021.
The "...Baby One More Time" singer reconnected with her finances in 2020, marking the first time since 2008 that she could access her funds. Subsequently, she indulged in luxurious trips to Cabo and Maui, Hawaii, aboard private jets.
"She has no concept of money," an insider told Page Six. "For over a decade, other people were in charge of her bank accounts, and every purchase had to be reported to the court -- even if it was just a pack of gum. But now, she's on her own."
Sources revealed concerns about Spears' spending habits, noting that her close friends are hesitant to address the issue as they fear triggering memories of her past conservatorship. They are wary of upsetting the balance and potentially reenacting a situation akin to what her father, Jamie Spears, was involved in.
"No one wants to be Jamie 2.0."
Following the end of her Las Vegas residency in 2018, the Crossroads actress has taken a step back from her career. Her most recent music release, the album Glory, dates back to 2016.
Sources close to the pop sensation have revealed that she is currently in a phase of financial recovery after securing $15 million book agreement and reaping substantial royalties from her 25% of the total profits deal.
An insider explained that Spears is "not broke," but "she definitely could benefit from being more careful with her cash."
Spears' future career trajectory remains uncertain, as she has firmly stated her decision to refrain from re-entering the music industry following the challenging experiences she endured.
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