Most of us dream of accomplishing celebrity status to enjoy countless luxury and limitless spending. This may increasingly be true for some famous faces, but there are others who’re content with saving a coin despite their wealth.
This makes perfect sense, particularly at the moment of economic uncertainty.
In late July, The Federal Reserve raised the rate of interest for the second time this 12 months because it seeks to diminish inflation without making a recession.
“Because the stance of monetary policy tightens further, it likely will turn into appropriate to slow the pace of increases while we assess how our cumulative policy adjustments are affecting the economy and inflation,” said Fed Chair Jerome Powell.
And inflation is hitting everyone hard, even the rich.
For instance, for celebrities which can be running product-based businesses, supplies are dearer as a result of supply chain issues induced by the pandemic.
With that said, we’ve rounded up the celebrities who’ve proven they’re not penny clever and pound silly–they’re frugal and fabulous. Check them out!
01
Tiffany Haddish
Despite the hit movie Girls Trip launching her white-hot profession in 2017, the actress and businesswoman has been a staunch advocate for spending responsibly.
In interviews through the years, Haddish shared her frequent usage of Groupons to avoid wasting on products and experiences (which eventually led to her landing a sponsorship with the brand). She was also open about repeat wear of her beautiful $4000 Alexander McQueen dress she bought for an occasion. Haddish has shared she’s worn it in public eight different times so far.
02
Laila Ali
Very similar to her legendary father Muhammad Ali, Laila Ali is whipsmart. The famed boxer and savvy businesswoman has penned cookbooks, landed major endorsement deals and launched her own styling product line.
The sweetness has openly admitted that she not only uses her own products as an alternative of spending money on other brands, she also does her own styling out of her home. She also does her daughter’s hair as well as an alternative of paying for knowledgeable. “My time is precious. I don’t have time to drive an hour to a salon after which sit there for a pair more hours getting my hair done. It’s really not that serious or necessary to me,” she told Kiplinger.com.
03
Michelle Obama
Our perpetually FLOTUS won our hearts along with her grace, poise and intelligence…but in addition her down-to-earth spirit. While her husband was still in office, she was spotted shopping at a Goal store within the Washington, D.C., area purchasing discounted pet food and toys for the primary dog, Bo.
Also known for her style, little did we all know she was grabbing great threads from places resembling such H&M. In 2011, she appeared on the Today show sporting a $35 dress from the retailer.
04
Halle Berry
The Academy Award winner shared early on that she and her mother struggled financially when she was growing up. It’s no surprise now, as successful as she is, that she knows the worth of a dollar. For instance, she’s often seen hitting the aisles at the pharmacy CVS, purchasing every thing from hygiene products to holiday gift-wrapping paper.
“I’m not someone who has to have 10 cars and numerous diamonds. … I’m pretty frugal. I save so much, because I’m all the time frightened about when this trip goes to finish.”
05
Anthony Anderson
The Blackish star has enjoyed much success over the 12 months, however it hasn’t gone to his head. “I’m not out here buying the newest cars. I don’t have the largest house on the block. I even have a moderate house on one of the best block,” Anderson said in a Kiplinger.com interview.
“My parents all the time stressed planning for the longer term. It’s not concerning the here and now. It’s about 30 years from now — be aggressive about funding these various accounts while I’m young, so I’ll have money coming in later in life.”
06
Kawhi Leonard
San Antonio Spurs star Kawhi Leonard signed a $90 million five-year contract in 2015 but he’s not pressed to spend any of that fortune.
It’s been reported that Leonard spends his summers in a two-bedroom apartment in California and drives a rehabbed ’97 Chevy Tahoe, nicknamed Gas Guzzler. “It runs,” Leonard explains, “and it’s paid off.”
07
Tyra Banks
The mogul and model is value a reported $90 million as of 2021. Despite the wealth she’s earned, she has a reasonably frugal lifestyle. She is so frugal, she’s said that her accountants once told her that she needed to spend some money as she was just paying an excessive amount of taxes.
“My mom stayed with my dad for too long because of monetary reasons. If she’d just had somewhat side hustle, somewhat of her own money, she would have left. So I encourage women to have what I call “F.U.” money.… A number of my passion for this business comes from that.
08
Kendrick Lamar
The critically-acclaimed artist has racked up accolades, praise and a big fortune through his talent, but he’s pleased with staying humble.
For example, as a gift to his sister that graduated from highschool, he bought her a 2017 Toyota, much to the web’s chagrin.
“You recognize, people’s perspective of me and the cash that I even have and the stages and places I’ve gone to, they probably expect me to not have the identical morals and values that I even have,” he said. “I need to hold over to my family, to my little sister or whatnot, ’cause she’s younger than me so she didn’t should undergo the identical struggle that me and mothers needed to undergo.”
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