How Heidi and Spencer Squandered All Their Money

Once reality royalty, now they're forced to eat 'tacos and burritos'
By Evann Gastaldo,  Newser Staff
Posted Aug 1, 2011 10:59 AM CDT
How Heidi Montag and Spencer Pratt Squandered All Their Money
In this file photo taken March 28, 2009, Spencer Pratt, right, and Heidi Montag are seen in West Hollywood, Calif.   (AP Photo/Matt Sayles, File)

(Newser) – The famewhoring and ridiculous antics of Spencer Pratt and Heidi Montag finally backfired, leaving them broke and forced to live rent-free at Spencer's parents' house. (Although, it is a Santa Barbara beach house, so don't feel too sorry for them.) They explain to the Daily Beast how it all went wrong:

  • They thought that living a fake life in front of the cameras (for example: Through it all, they never actually broke up) would pay off for them in the long run, but it turns out "you can be too famous," Spencer says. "Reality TV is not a career." His antics for the camera made him so widely detested he can't find a job, and is considering going back to school. Heidi has been appearing on a reality competition show.
  • Spencer says they never truly had any money, because they spent it as quickly as they got it. A whopping $2 million went toward hiring writers, producers, and engineers for Heidi's failed music endeavor.
  • "I probably spent a million dollars on suits and fancy clothes,” Spencer says. “My whole million-dollar wardrobe—I would never wear that again. They’re props. Everything we were doing, we were buying props."

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  • Along those same lines, he adds, "I bought a big blue monster truck just to drive it on The Hills for an episode. Never drove it again.”
  • A lot of money went toward Heidi's plastic surgery "addiction." Now, she says, "If I could go back, I wouldn’t do it."
  • Nowadays, they read a lot of books, watch a lot of movies, and "do a lot of laundry," as Heidi says. They don't go out much, spend time training their dogs, and eat, according to Spencer, "tacos and burritos."
  • “I thought when this was all over, I could get on an interview and say, ‘It was all entertainment,'" says Spencer, who acknowledges he was wrong. As for Heidi, she thought she could be like Kim Kardashian: But "my ego got too big," she says. "To think I could be someone like that when I was the most hated girl ever.”
Check out the full article for more, or click to read about more crazy things celebs have blown their money on. (Read more Speidi stories.)

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