When thinking of celebrities, you think about giant estates and mansions that they can purchase outright. However, many celebrities choose to rent their properties instead of buying them. This allows them the ability to have control over their finances, while also having a comfortable place to live without the hassle of the upkeep. You may be surprised at who is paying out big bucks to rent, instead of purchasing their dream home.
Renting a place in the Hamptons can be an expensive thing to do. For Mariah Carey and Nick Canon, the private estate located in the Hamptons was an easy expense that they could swing. For just $275,000, they had the entire estate to themselves for two whole summer months. Talk about a summer home away from home.
Celebrities are known for spending their money on large, extravagant things. They are not known for saving, using coupons and spending wisely most of the time. However, there are some celebrities that are known for being frugal, for making smart money decisions and getting the most for their dollar. From clipping coupons, to saving wisely or spending less by purchasing non-designer items; these celebrities have shown what it really means to be frugal, even if they make six or more figures a year. You may be surprised at who is on the list of frugal celebrities.
Worth $75 million, she is the queen of saving. Moving into a new office, she did not like the carpet. Instead of replacing the whole carpet, however she decided to change the colors of the walls to match the carpet. It was a cheaper alternative, and she was able to keep some money in the bank. Before making any purchase, she always consults her accountant.
Jay Leno is known mostly for his stand up comedy and his late night talk show. All of the money that he makes from the talk show goes into savings, while the money from stand up is what he allows himself to spend on a regular basis for the necessities he needs. He has always been known for his hard work, dedication and commitment to savings.
Charles and David Koch are known as the oil barons for the United States. According to recent recordings, they are already shaping the elections for the upcoming year. They are portrayed as being environmentally conscious advocates of the oil free-market. They have shaped the fossil-fuel market in the recent years, which has made them close to $42 billion, as of today. With all of this cash, we want to know where it goes, what they spend it on and if they do any charitable work with it? Having billions of dollars just sitting there would make anyone want to go on a spending spree.
Over two million of their cash has gone to fund candidates and PACs (Political Action Committee’s) for the election. This money was directly given to the candidates in hopes of gaining more awareness and interest in their fossil-fuel market. It was also to help those running for office to get into office, so that the Koch brothers will have more pull throughout the oil industry.
Celebrities are not always frugal with their money. Many of them might not even know how to save it. Some of them are high, lavish and luxury spenders. They enjoy spending on those larger pleasures in life. When money is not a problem, why not splurge? However, when does splurging become too much? Which purchases are thought of as outrageous and who purchased them?
Celebrities are known for those lavish purchases, and we have the proof to show exactly what they purchased, and just how outrageous having all that money can be when you hit the stores.
We all say that money cannot buy happiness, but what if it is for your significant other? Angelina Jolie shelled out $1 million to purchase a private helicopter for her beau Brad Pitt. Although some think that this was purchased to bring around her six children, this is not the case. The luxury copter is specifically Brad’s and what he wants to use it for.
Student loans have become an national burden. Students graduating from College with the ever growing tuition fee are unable to find jobs. Now that they have the best education from the best schools, they also have the most debt, and cover those loans might be hard than borrowing that money. Here are some tips and tricks to paying back your student loans and making them more manageable for your budget so you can focus on the finer things in life.
Have Them Go Off Your Income
With income based payments, they will give you an affordable amount to pay each month based off of your monthly earnings. You just pay this amount given for 25 years, if you qualify, and the remaining balance can slide off after this amount of time. This is more affordable to your budget, and can ensure that you stay on time with your payments.
Celebrities from all over have made their honest money doing whatever it is that they do. However, many of them might have a lot of money, it is those that know how to save and grow their money that make it to the top and are able to stay there. Many of those celebrities do not think about just how fast their money can go and are not careful with what they do with it. Here are some mistakes celebrities have made with their money and credit, that we can learn from.
Not Getting a Prenuptial
Katy Perry showed us just what not to do when it comes to getting married. When you’re married, it is like two people become one. You share everything, credit, money, the house, the kids, the cars and everything in between. This also means sharing half of anything that you earned. While Brand was a nice guy, and didn’t pursue her assets during their divocre, Katy was very lucky to have it end well.
Credit cards can be helpful when you have some items to purchase but you have not gotten paid yet. They can also be beneficial when trying to boost your credit score. If you purchase a small item on the card and then make sure to pay it back on time, you’re able to gain additional points on your credit score. Using credit cards for purchases means you can also get some perks depending on the credit card company. This list shares the card with the best perks.
Citi Double Cash Card
Get no fee, no hassle and all rewards each time you decide to make a purchase. Get 1% cash back on each of the purchases that you make and then 1% each time you pay the amount off. Get 15 months interest free when you sign up with the card. Then after the grace period, interest rates amounts aren’t that bad at 12.99-22.99% depending on your credit.
The New Year is here and so many people are changing the way they think, eat, sleep, diet and remove themselves from their bad habits. If you’re like so many others then saving money might not be the thing you’re the best at. This is okay, because there is a way that you can become much better at it in the long run. Here are some pretty easy to follow tips and tricks for saving money this new year. So you can get the cash you want or need for the things you’re saving for. Even if you’re not saving for anything, it is always good to have a rainy day fund!
Using your credit card is a fun thing to do since it opens you up to purchase any and all of the items you’d love to have. However, it can get you into trouble if you use the cards too much and have a hard time paying the amount you put on them back. You do not want to find yourself in this type of situation. You want to find yourself free of this, and making sure that you’re able to be responsible with your cards. One thing you should never, ever do though; is to pay your credit card payments with other credit.
Pay Back More
When you use credit to pay for credit, you might not think you’re paying more in the long run to do this since you’re paying one of them off but you are paying much more in interest to both parties. You want to save yourself the trouble of overspending all of this hard earned money and just pay your credit debt off with cash.
Credit cards are one of the reasons why so many people are losing out on their money. When they make purchases using these cards, they will find that paying back double or more is what is going to happen in the long run. You’re asking to borrow money, but this money you’re borrowing is coming with an added cost. This is a large consideration that many people, mostly teenagers that are new to credit cards, do not think about. Here are some things you should know regarding credit card interest rates and why you should protect yourself for your future ahead.
It is Not Free Money
The money that you borrow from them is not free money. It is not money that is going to end up paying itself off in the end either. It is money that is going to come back and bite you later on if you do not pay it ahead of time. This money is something that they loan you for the time being, as long as you agree to pay them the amount back including the amount that you agreed to pay in addition to the amount if you don’t pay off the tab at the end of the month.