Money Advice From Celebrities With Huge Bank Accounts
Jun 07, 2022 By Jennifer Roy

Even though there are numerous examples of celebrities who have spent foolishly, some famous people have valuable lessons to learn about managing our finances, whether creating and sticking to a budget or making effective use of coupons. Here are some things we've picked up from some of Hollywood's most financially savvy celebrities.

1. Try to Stay Within Your Financial Means

Jennifer Lawrence has not indulged in any extravagant spending even though she has become quite wealthy because of her role as Katniss Everdeen in "The Hunger Games" and its sequel. She paid just $39,000 for a Chevy Volt, resides in the same three-bedroom apartment she found in Los Angeles when she came there for the first time, and chooses to park her vehicle rather than pay for valet service.

2. Don't Overspend

Some of the wealthiest people on the earth don't fritter away their money, even though they have access to vast sums of disposable income thanks to their millions or billions of dollars in their bank accounts. Even though Warren Buffett is reported to have a net worth of $63 billion, he resides in the same modest house in Omaha, Nebraska, which he purchased for $31,500. And his go-to meal is not anything nice, exotic, or pricey; it's a good old-fashioned cheeseburger.

3. Take Advantage of Sales

Because Sarah Michelle Gellar enjoys eating fresh and organic food, she often visits the grocery store. However, to save spending when shopping at Whole Foods, the celebrity consults the employee about which fish is now on sale and cuts coupons. Why would you pay more for something that someone else is purchasing at a lower price? "the celebrity said to Self magazine.

4. Be a Wise Shopper

There are many wealthy and renowned people who don't want to go overboard with their spending, like First Lady Michelle Obama and model Tyra Banks, for example. Obama has been seen doing his shopping in the Washington, D.C. region at Target, and he is known to make occasional purchases of his clothing at inexpensive retailers like H&''M.

5. Practice Frugality about Your Clothing Purchases

Oscar-winner Reese Witherspoon has requested between $15 and $20 million for every film, but even she is aware that spending lavishly on one's appearance is not profitable. The actress has been seen going vintage shopping, wearing clothes from J.Crew, and making a few purchases at GAP, Sports Chalet, and Neiman Marcus stores. Additionally, Witherspoon repurposes her wardrobe by exchanging items with some of her pals who are the same size as her.

6. Budget

Zooey Deschanel's frugal spending patterns were made public in 2012 when she filed for divorce from her spouse Ben Gibbard after two years of marriage. The couple had been married for a total of four years. The following is a detailed accounting of her monthly expenditures:

  • $300 total for phone, cellular phone, and email services.
  • Spending $500 on dining out
  • Laundry — $600
  • Utilities — $800
  • $1,000 for provisions for the home, including groceries and household goods
  • The cost of clothing is $2,000
  • $1,500 Donated to Charities

7. Put Aside A Portion of Each of Your Paychecks

Jay Leno understood the importance of putting part of his paychecks away for the future, even though he made millions of dollars as the former host of "The Tonight Show." In an interview with the publication Parade, Leno previously said, "When I was a child, I had two jobs." Both a Ford dealership and a McDonald's were my places of employment. I'd put the money I made at one job into my savings and spend the money I made at the other job.

8. Use Coupons

At the age of 24, actress Kristen Bell earned the lead role on the UPN sitcom "Veronica Mars," Since then, she has maintained a steady work schedule, even though she still enjoys clipping coupons.

9. Make Use of The Public Transit System

On the critically acclaimed television program "Mad Men," Vincent Kartheiser plays the role of Pete Campbell. However, even though he could easily buy a vehicle, the celebrity prefers to go by public transit. "Instead of driving and experiencing the stress of being in traffic, you can work your scene, and you can do your workouts or anything else you want to do on the bus "he shared his thoughts with the New York Times.

10. Take Advantage of Freebies

The actress Eva Longoria saved money on the goodie bags for her wedding to NBA star Tony Parker, which had a projected cost of $1.5 million. Bebe, Cole Haan, and L'Oreal are just a few of the brands whose items the star of "Desperate Housewives" managed to get for free to give away to her visitors. Even when she's out with her pals, Eva Longoria is always trying to find ways to get free stuff for herself and her companions.