15 Costly Celebrity Money Mistakes

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13. Lending money to friends and family

Once, Deidre Hall lent her family and her wardrobe consultant around $800,000, in order to help them deal with rough times. The Days of Our Lives soap actress claimed that she took her friend to court when he or she failed to pay her back the entire amount, while she took out some money from her pension plan. Remember loans to friends and family are not generally paid back in full. It is better to consider the loan as a gift that you may never get back.