Spencer Pratt Has No Money Left

June 3, 2010 By:
Spencer Pratt Has No Money Left

Spencer Pratt is not only a douche bag, but no he’s a penniless douche. Rather for saving or investing all the money he made off The Hills and staged paparazzi pics, he spent it all on crystals!

Spencer and Heidi Montag have been using very expensive energy crystals to heal themselves this year.

Heidi and Spencer Lying About Split

Pratt said recently, “I am so addicted to crystals, it's like a sickness," he was quoted as saying. “I've spent $500,000 on crystals this year. I checked my bank account last night, and I have $203 left. There's a whole science to this. I'm not crazy.”

Now sources say he is dead broke, and is living off of credit. “Spencer blew through all of their money. They’ve been living on credit. They spent the money they got from The Hills,” a source told Radaronline

Insiders say Spencer doesn’t know the first thing about money matters, which is why he got him and his wife into this mess. “The trouble is that Spencer spends all their money on being famous and although he’s very smart when it comes to publicity his business sense is not up to scratch," the source said. “He has a team of people to pay including a lawyer, business manager, publicist and a live-in security guy and this all costs a lot of money.”

Spencer Pratt is Still in the Picture

The source also says Speidi refuses to downgrade from their high-roller lifestyle. “Spencer and Heidi also like to eat at expensive restaurants like Cut in Beverly Hills and Katsuya in Brentwood while she will think nothing of spending thousands of dollars on designer clothes and handbags," the source added. “For his part he has also blown money on guns and classic cars plus expensive vacations too."

And even the house is being put on a credit card. Someone call that landlord and warn them! The insider said, “They should have invested some of their money in property but they are renting the house in Pacific Palisades and that costs around $7,000 a month although they did not pay for the Malibu place where Heidi is currently living."

We know the Speidi split is likely a PR stunt, but with this info, maybe Heidi will say sayonara to this loser!