K-Fed Can't Afford to Live on $40,000 a Month

May 12, 2009 By:
K-Fed Can't Afford to Live on $40,000 a Month

Kevin Federline, the former Mr. Britney Spears, is reportedly having a hard time living off of $40,000 a month. Yup, you heard right, $40,000.

The National Enquirer is reporting that K-Fed spends $7,500 a month on rent, $2,000 a month on food, $1,500 a month on utilities, $800 a month on booze, $2,800 a month on a nanny for their two boys, and $3,000 a month on bodyguards.

"Kevin has blown through millions of dollars," revealed a source. "When he and Britney divorced, Kevin continued the superstar lifestyle, and he spends all the money that he gets."

Britney is currently coughing up $20,000 a month just for child support, and he's making an additional $5,000 a week while she's on tour. The $2 million he received when his and Britney's house in Malibu was sold is gone, as well as the $500,000 he received for two years of marriage.

His little budget crisis is also the reason why he's moving out of his $7,500 a month Encino home and moving into a home in Chatsworth that's half the rent.

Only K-Fed can manage to go broke while living off of $40,000 a month. He's reportedly planning on hitting up the Bank of Britney soon. Poor Brit, everyone in her life treats her like a cash cow.