Britney Spears warned she’ll be ‘broke’ by end of the year amid financial losses

Britney Spears has been told by her “financial people” that she will be “broke” by the end of the year after suffering hefty loss by selling Calabasas home recently.

The Toxic hitmaker has to pay heavy sums to her lawyers while also covering child support payments for her sons, Jayden and Sean, which goes to her ex-husband Kevin Federline.

As reported by OK! Magazine, the popstar will soon face bankruptcy if she keeps on spending money without any stable source of income.

“The bills are pouring in and Britney’s financial people are telling her if it carries on this way, she’ll be broke by the end of the year, if not sooner," a source told the outlet.

The insider revealed that Spears does not have a clue about capital, which adds to her existing problems. “She doesn’t really understand how things work," the source said.

Spears has reported asked her record label for money, but they "shut her down," the source claimed, adding, “she’s still on the hook for lawyers’ fees and child support payments."

“She isn’t going to let anyone tell her what to do with her money,” the insider said. “It’s a way for her to feel freedom.”

The Princess of Pop, whose conservatorship was terminated in 2021 after 13-long years, claimed her father, Jamie Spears, took millions from her when he was her conservator.

Also, Spears sold her Calabasas home and suffered as substantial financial setback because she purchased it for $12 million but sold it for only $10 million.