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SuBo Loves Life Without A Credit Card

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susan boyle loves her weekly allowance

Susan Boyle loves the fact that her parents manager keeps her on a strict allowance.

Despite the fact that SuBo has accrued over $15 million, she is only given $450 a week to survive on…and she's happy with it.

Here's what Susan had to say about her allowance:

"I'm quite happy with that amount. I chose it for myself. It's a good way of doing things. It keeps everything in order. I get what I need when I want it."

More from Susan:

"I don't want a credit card, oh no! I'd be like a baby in a sweet shop. I'm happy the way I am. I've never been a big spender anyway. It's nice, all the luxury. But it's nicer to stay grounded. I need my roots. If you don't have that, you lose your sense of balance, you see."

Respectable? Yes. Responsible? Yes. Fun? Questionable.

If U had $15 million in your bank account, would U give yourself a strict allowance?

[Image via WENN.]

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33 comments to “SuBo Loves Life Without A Credit Card”



  1. 1

    If I had that kind of money I'd buy some real estate for my children when they are older. I'd invest it for their future. I'd also budget myself as strict as possible. Sure I'd buy a new house. But it'd be something practical, 4bdrm 2 or 3 bath, and I'd buy a new practical car (Nissan Armada or a Hybrid vehicle). But those would be my BIG purchases. But they'd be investments to last a lifetime.



  2. 2

    maybe not THAT strict but there's something to be said in favor of it. i betcha lolhan didn't have any sort of an allowance.



  3. 3

    Yes, I would.

  4. auds says – reply to this


    4

    I think it's a great idea to budget out how much you're allowed to use to ensure the money lasts the rest of your life AND that you have some to pass on to friends/family when you're gone… but I don't understand why she'd be that strict or why she wouldn't make some investments or donate to charity…

    Just a thought: with 15 million dollars, even if she spent $5000 a week she'd have enough money to last her 60 years!!! Clearly she's not the brightest…



  5. 5

    Good 4 her, I hope she does not go CRAZY! I think this is a wonderful idea, but not for me! I would need alot more, but I would prob end up just like LOLHAN, crazy as hell! Ha-Ha! :)



  6. 6

    I registered just to leave this comment. I came into half a million tax free dollars 4 years ago - every single cent is gone now due to shopping and eating out every night. Now I live on unemployment which will end in 6 weeks and then I'm couching it at mom's after living way too much of the good life. I was never taught how to handle or manage money so when I got that big check I swore to myself this was for my future and I wouldn't blow it, but you look in the bank account every day and it seems like it's gonna go on forever, it'll never run out. Trust me - it DOES. If I came into that money again, I would absolutely give myself an allowance - absolutely! Because now that there are no jobs out there, I'm pretty well fucked financially. I only thank goodness that I never did get a credit card - I'm broke because I over-shopped using my debit card. Be careful with your money, people - it's just paper but it flies away really fast. Live cash only!



  7. 7

    That is probably just her walk-around money for little day to day expenses like buying groceries when she is home, going out to lunch, buying little things at the stores here and there. Her living expenses like the overhead on her house, her travel expenses, wardrobe costs, etc., are probably handled by someone else at this point.

  8. Merab says – reply to this


    8

    I don´t see the point of doing that….limiting that way,mmm..
    OK.She´s afraid that she won´t be able to control herself. But it takes a lot of time to spend so much money ( if you don´t by properties or cars every week ,of course) … you cannot eat or wear more than you physically can…

    she doesn´t have to worry about that



  9. 9

    She's VERY smart to do that, at least for the first several years of her career. She's never had that much money and people who go from rags to riches so to speak tend to be big spenders and then lose all their money in the end. She should probably ramp it up by a couple of hundred but it's very respectable of her and makes a GREAT example for other people coming into the industry that make it.



  10. 10

    We are so used to hearing people in the limelight spending money like a drunken sailor. Good for her.



  11. 11

    I think she is brilliant! Good for her! Nice to see someone who has the money not too, being responsible with it. Part of the current financial crisis going on right now is people who lived beyond their means and bought too much. Credit cards are evil horrible and will get you in the hole faster than you know. I worked for Citi Bank in the credit card department. That experience taught me to use cash only. I have no credit cards either.



  12. 12

    Re: Genghis Khan I agree, I think that is what she is saying, and $450 is plenty for spending money. It's ridiculous how people get rich and waste all there money, it's sickening. My plan would be like MsVPhilli. There is NO reason for one or 5 people to live in a ten bedroom house, or have 20 cars. It's sickening how people blow their money instead of being smart. Many people don't have enough for food and we get to hear how awful it would be to do away with the Tax cut to the rich. I have no pity for families who make hundreds of thousands to millions and complain about paying more taxes. They were not and are not smart with their money, many families live on $40,000 or less. I would still shop cheap, why waste money



  13. 13

    Re: Genghis Khan – I agree, I think that is what she is saying, and $450 is plenty for spending money. It's ridiculous how people get rich and waste all there money, it's sickening. My plan would be like MsVPhilli. There is NO reason for one or 5 people to live in a ten bedroom house, or have 20 cars. You have to pay to heat and maintain all of that. It's sickening how people blow their money instead of being smart. Many people don't have enough for food and we get to hear how awful it would be to do away with Bush's Tax cut to the rich. I have no pity for families who make hundreds of thousands to millions and complain about paying more taxes and we are supposed to feel sorry for them. They were not and are not smart with their money, many families live on $40,000 or less. I would still shop cheap, why waste money on a Brand? It's sad that Rich people define themselves with their material possessions, it's nice that someone is finally being responsible. I am sure she gives to charity, that allowance was not including charity.



  14. 14

    you can have a credit card and not go crazy it is something you have to learn



  15. 15

    Good for her!



  16. 16

    Kudos for her….she's aware that at her age now, her career may end at any time. If people spend only for what they need and not overspend for what they want, more people will not be in the financial mess they are in now. I grew up poor in the Philippines so I've saved and invested money I've earned wisely b/c I'm really scared to have to worry where my next meal is coming from or whether I'd have a roof over me. At age 21 I bought my first house even before I got my first car and now that I'm retired at age 50 I have no more mortgage and is able to splurge on what I want.



  17. 17

    Although $15 Million sounds like alot..it really is not…considering that she will be taxed for it, she still has to pay her managers, stylist, publicist, etc….. She's being smart with her money….good for her.



  18. 18

    So many celebrities live as if those huge paychecks will come in every year. She's used to doing without and wants to be sure that doesn't happen again.
    I'm sure she's living comfortably, she just isn't terribly materialist.
    Good for her.



  19. 19

    she is a very smart woman. Those $450 are for her daily small expending. Don't be so naive thinking she is living a miserable live. She bought a 5 Bd/3Bath villa house about 3 months ago. She also acquired a grand piano together with all new furniture for her new house. For her TV appearances she she uses the same designer that dresses Queen Elizabeth. She travels only in first class and stays only 5 stars hotels and I'm sure all her expenses on business travels are covered either by her recording company or by the producers of the show where she appears. A chauffeur drives her in and out from the recording studio and I'm sure she has not been taking the subway before or after she sang in Japan, New York, Paris or Germany. with all that, $450 would look more like $4,500 a week. I'm sure she is a very happy woman and a very business wise one for sure.



  20. 20

    I have a feeling that "statement" was released from whomever is holding all her $$$$$! She has to know she's being taken advantage of. With all the work she's doing, to be making $1800 a month? Hell naw. Someone is RAPING her.



  21. 21

    Re: auds – Actually if she spends $5000/mo she could live off her $15mil for 250 years. And that's assuming she doesn't make any more money, which of course she will.



  22. 22

    Re: mommydearest31 – Honey, credit cards are not evil and horrible. Not all of us have self-control issues. I have MANY credit cards and I've never once paid interest to a credit card company. In fact, when used responsibly credit cards are INCREDIBLE! I get 2% cash back on every purchase I make, and if there's ever a problem with a purchase my credit card company goes to bat for me and reverses the charges. They also guarantee me price protection so if I buy something on their card and it goes on sale, I get the difference refunded to me. PLUS they double all manufacturer's warranties on the items I purchase, so my one-year warranties all become two-year warranties…for free! Ahhhh, I LOVE CREDIT CARDS!!!



  23. 23

    I think it's a bit too strict of an allowance. I suppose she's thinking that her fame won't last forever and she'll have all that money put away? I don't know. I would personally buy a new house and things for my kids and boyfriend, plus a much-needed vacation.



  24. 24

    I think she's really smart. Obviously if she needs something she'll go over her budget, but she wants to save her money. Why is everyone getting on her case about that? There is a giant recession here in America and people are saying she's dumb for sticking to a strict budget. SuBo will be laughing all the way to the bank while you guys are going on welfare and using food stamps.



  25. 25

    I'd be more suspicious than anything else. While its good to be on an allowance so you dont get caught up and lose your head and go broke, i'd question the motives of your manager.



  26. 26

    She's smart. Although she could have given herself a bigger allowance at least she won't end up like most people who become successful overnight: Bankrupt. Think about all the Idol alums and TV show stars and ex Hollywood Blockbuster actors that are now BROKE!



  27. 27

    i think its awesome, shes ensuring that she doesnt completely blow all her money. id do the same thing if i had millions lol



  28. 28

    Re: tallchick – I think it's her choice.
    If her manager wouldn't give her HER money, she'd fire him. :=)



  29. 29

    Susan is so smart. That is exactly what I would do if I got this much moeny. I will give myself allowance each week. She needs someone to manage her asset because she has a slight disability. I think it is a billiant idea. If she doesn't limit her spending, she will spend just like that.



  30. 30

    Well we here in Europe don't pay any penny with our credit cards - I only use mine on fuel and when I am somewhere and want to buy something special and no ATM is near - and on holidays abroad - cause I really don't want end up in deep depts - and I don't think I would act different on having millions.

    And don't forget she is around 50: Many people at this age don't have credit cards here.



  31. 31

    Very smart, if only most people had control like that over their own finances!! People are just too greedy even for themselves.



  32. 32

    Yes. I need to be more like this woman. I am a shopaholic.



  33. 33

    I just hope and pray that Susan has a Manager that will take care of her, and not spend all her money. I was hoping that Simon Cowell or that judge (male) would guide her as well. She deserves that.