Friday, July 10, 2009

Money & Business

Alpha Consumer by Kimberly Palmer

Katie Holmes: New York Spending Spree

January 05, 2009 01:17 PM ET | Kimberly Palmer | Permanent Link | Print

The New York Post's Page Six estimates that Katie Holmes is stimulating Manhattan's economy through outings with daughter Suri, gymnastics equipment, and an expansion of husband Tom Cruise's living quarters. The Post estimates that TomKat has spent over $7,000 on dining out alone. The grand total: Over $14 million, most of which has gone to real estate purchases.

I think I could manage to put up with the paparazzi if it meant having a budget like hers.

(In related news, the Post seems to have cut a bit too much of its own budget in the proofreading department. Holmes' name is currently spelled "Homes" on its website.)

Tags: personal finance

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Reader Comments

HURRY

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Katie's spending

They have the money they earned.Its their business how they spend it. People need to get a life and quit worring what other people do. I say go Katie if Tom doesen't care .

TomKat spending

They work hard for for their money, who are we to say how they spend it? Let it it be they are [eople just like you and I. They are also throwing money into the economy, life of the rich and famous. People like you and I go and see what they do therefore we are also contribiting, so shossss(shut..up) Yo

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Kimberly Palmer, senior editor for U.S. News & World Report, writes about how to save money, avoid scams, manage debt, and be a savvy shopper. Share with her your own money issues by sending questions to alphaconsumer@usnews.com.

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