Katie Price‚Äôs pal Jemma Lucy has blasted the star for being ‚Äėstupid‚Äô with her money after she narrowly avoided bankruptcy.
Jemma Lucy has claimed that when she briefly lived with the star back in 2011, the 40-year-old would blow ‚Äėthousands every day.‚Äô
‚ÄėHow can you be that stupid? To lose all that money and not to have invested wisely for your future? It‚Äôs ridiculous,‚Äô Jemma ranted to the Sun.
‚ÄėI am blown away that Katie is on the verge of bankruptcy ‚Äď she had a clever, business brain and was always thinking about her next venture.‚Äô
Jemma added that celebs often get tangled up in trying to maintain their expensive lifestyles.
‚ÄėWhen I lived with her she told me she‚Äôd bought her house outright for six million. Now that‚Äôs all gone?,‚Äô she said. ‚ÄėBut you see celebrities like Katie, their lifestyles become so expensive they just can‚Äôt keep up and start spending money like water.‚Äô
However, a rep told The Mirror she is hoping to pull things back and is ‚Äėmoving forward to improve her current situation.‚Äô
Katie‚Äôs money problems appear to have got worse and worse over recent weeks, with her allegedly being visited by bailiffs after failing to pay a ¬£3,000 bill.
She was also said to owe the County Court ¬£22,372 for outdated payments from the previous year, and has reportedly been hit by a half a million tax bill.
Katie recently put ex Kieran‚Äôs ¬£77,000 car up for sale in a bid to pull in some cash, along with her prized pink horse box worth ¬£130,000.
It‚Äôs also been claimed she‚Äôs had to swap her supermarket shopping from M&S to Aldi in a bid to save some pennies.