Handling finances properly doesn’t come easily to everyone — which is why it’s nice when celebrities admit they’ve often times struggled with being smart with their cash just as much as the rest of us.
And though he’s an Emmy- and Golden Globe-nominated star now, Kevin Bacon isn’t afraid to get real about his early days in New York City when he barely had a penny to his name.
“I had no budget, no savings, no credit cards, no bank accounts. I was a cash-only kind of guy,” the I Love Dick actor, 58, told WealthSimple.com recently about his days supporting his acting career with waiting gigs. “I’d get paid out at the end of the night, spend some of it at the bar, wake up the next day and check my pockets to see how much money I had left.”
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He adds, “I’d hope that when the end of the month came around I’d have enough to put up another month’s rent.”
These days, Bacon says he’s obviously better about his spending habits. “It took me a long time to come around to the idea that you have to have a certain kind of responsibility with money, to keep an eye on it. To a certain extent, I still kind of struggle with it.”
And the old cash-in-the-pocket habit? He still has it.
“There’s a kind of joy in seeing something in a store and being able to pull the cash out of your pocket and buy it for yourself,” he says.
Bacon’s show I Love Dick is streaming on Amazon now.