Despite having a net worth of approximately $200 million, the ‘Thinking Out Loud’ singer limits himself to living on only $1,000 per month (per an interview). Notably, the musical creative was once homeless, which could factor into his budget-friendly practices. “You never want to be wasteful,” the singer stated.
When it comes to being a celebrity, ‘Girls Trip’ star Tiffany Haddish isn’t letting her fame change her opinions on finances. “I still drive a Honda HR-V,” she told People (magazine). “I still have a fake (Michael) Kors purse, but I got a real Givenchy bag, and Jada (Pinkett Smith) just gave me a Fendi bag. These are gifts… I’m probably going to be cheap with my money for a long time,” she said. Her choice to remain frugal makes sense, considering the star had previously experienced homelessness.
Tyra Banks is well-known for her frugal ways, an attribute she says comes from being raised by a money-wise single mother. Learning about the importance of investments from her mother, especially real estate in Los Angeles, Banks started investing in it early. “While a lot of models were partying and going shopping and buying a closet of designer clothes or staying at the top hotels during fashion week, I was saving my money and bought a house at 20 years old,” she said.