Katie Price’s BROKE Christmas: ‘There’ll be no presents for the kids’

Katie Price crying

by Katie Holloway |
Updated on

After avoiding bankruptcy, will Katie Price be able to curb her spending?

Katie Price has once again managed the unimaginable, and been rescued from the brink of bankruptcy. The petition to make her bankrupt was dismissed by the High Court last week after Katie agreed a plan to pay back what she owes – thought to be around £500k in total.

However, the 40 year old’s friends are worried it won’t be long before she is in trouble again. And with Christmas rapidly approaching, her pals are particularly fearful that she won’t be able to curb her spending.

“Katie’s broke – there’s no doubt about that and although she has said she’ll cut back and won’t get the kids any presents for Christmas, her friends know she’s an impulse buyer,” we’re told.

“She’s an addictive shopper and she loves spoiling her kids.”

Katie is particularly fond of places like Primark and pound shops, our insider reveals, but our insider adds she even manages to overspend in them.

“She believes she’s saving even though she overloads her baskets with stuff for the kids and ends up spending £500 in one go,” we're told.

It’s unknown how many of Katie’s five children will be with her at Christmas as she shares custody of Jett, five, and Bunny, four, with her ex-husband Kieran Hayler, while Junior, 13, and Princess, 11, are currently living with their dad, Peter Andre.

CHECK OUT Katie Price's crazy year from lap-dances to divorce

Gallery

Katie Price's crazy year

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Take a look back at Katie's crazy year

Swipe through to catch up on Pricey's crazy moments over the last 12 months...

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Katie does politics

Katie kickstarted the year by going to Parliament with her son Harvey. The mum-of-five was campaigning against internet trolling, which Harvey continues to be a victim of. She said that she had already been successful in having two people arrested because of trolling, explaining: "I got two people arrested, (the police) seized all their computers, they seized everything, took them quite far, but then it got to the point where they can't charge them with nothing because there's nothing in place for it". Could the KP be the next prime minister?

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Fans say Katie 'lives like a pig'

Fans showed off their mean streak by saying Katie 'lives like a pig' after Keith Lemon toured her mansion on Through The Keyhole. During his visit, Keith almost stepped in poo, he referred to her swimming pool as a swamp and he was quick to point out that there was "a pile of tat that's been discarded," near the front door.

Katie denies Alex Reid 'revenge porn' allegations4 of 25
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Katie denies Alex Reid 'revenge porn' allegations

2018 started to take a real downwards turn when Katie was forced to deny allegations that she showed a TV audience a graphic sex tape of her ex-husband Alex Reid. She took to Twitter to write: "I take online bullying and revenge porn seriously. My family have been subjected to such and I have been the victim of revenge porn. I would not do it to someone else."

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Katie's dog dies

Katie was left devastated when her dog Queenie was killed in a hit and run. Kieran Hayler had bought her Queenie the German Shepherd for her 38th birthday. Animal lover Katie wrote on Instagram: "I'm absolutely devastated heartbroken my faithful loving family dogs life Queenie has been shortened as she was killed by a heartless delivery driver who ran into our dog seeing her struggle and drove off without telling us and left her to die very disappointed a human being can be this heartless!"

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Katie's nanny admits to sleeping with Kieran

Katie's former nanny, Nikki Brown, FINALLY admitted to having an affair with Kieran after months of denying it. Katie had ended her marriage to Kieran the previous year because of the affair. The confirmation came amid an employment tribunal against the former glamour model, through which Nikki wanted to claim back "thousands" in unpaid wages.

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Katie doesn't finish the London Marathon

Katie pulled out of the 42 kilometre race between the 10 to 15K mark of the London Marathon, which she was running to raise money for the British Lung Foundation (her mum Amy has terminal lung disease). Fans were then outraged when she was snapped smoking a cigarette a week later.

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Katie gives Arg an eyeful

Proving she was well and truly over cheating ex-Kieran Hayler, Katie gave TOWIE star James 'Arg' Argent a lap dance on a night out in Essex. In a video posted to the restaurant's Instagram account, Katie could be seen gyrating against a shyly grinning Arg.

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Katie turns 40!

Katie celebrated her 40th birthday in the most Pricey way possible: with a saucy strip tease! Her friend Shane Cooper - the lucky recipient of the dance - shared a video on social media, along with the caption: "Happy 40th birthday to one of my most craziest friends! Lot's of love and celebrations ud83dudc95."

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Katie meets Kris

Katie soon found herself in a whirlwind romance with personal trainer Kris Boyson, and she quickly revealed shock pregnancy plans for baby number six (fast work, right?). A source told Closer at the time: "Katie's only been dating Kris a matter of weeks, but she told her inner circle last week that she wouldn't be surprised if she was already pregnant. She's always been desperate for a sixth child and doesn't see the point of waiting. She wants to make it work with Kris, but if he doesn't stick around she doesn't care."

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Katie is banned from seeing her kids

As Katie continued partying with new man Kris, her ex-husband Peter Andre took Junior and Princess for the summer, after reportedly banning Katie from seeing them.

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Katie accuses Kieran of cheating AGAIN

Talking about the breakdown of her five-year marriage to Kieran, Katie claimed that Kieran had cheated again, with a 19-year-old woman - this was the final nail in the coffin.

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Katie plots revenge

According to insiders, the major reason Katie was determined to move on so fast with Kris was to get revenge on ex Kieran after his numerous infidelities. The source told Closer that Katie had been lining up a string of men in a desperate bid to find husband number four and enjoyed a brief romance with footballer Shane Duffy.

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Katie DENIES her children are in care

After it was confirmed that Peter would be looking after Princess and Junior full-time for the foreseeable future, Katie responded to reports that her other children were being put into care. During an Instagram Live video, she said: "I'd like to clarify I'm not the person in the papers today whose kids have been banned or taken away from them. I've not been banned from seeing my kids either."

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Katie admits to taking drugs

Katie made the drugs confession in a video of herself rapping. She was pictured partying until the early hours with Kris at a nightclub in Devon after being hit by shock claims that she'd taken cocaine to cope with her recent marriage collapse. Days later, she was pictured partying miles away from her Sussex home at a London bar.

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Katie is broke

Katie's financial woes started in July, when it was reported that Katie had to consider selling her Horsham mansion to cover her debts...

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Katie pays of bailiffs

Katie flogged her beloved farm animals and shuttered a number of her failed businesses in an attempt to raise some cash to reportedly save her from bankruptcy. But bailiffs were then spotted at her doorstep to recover a £3000 debt accrued because of unpaid electricity bills.

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Katie breaks driving ban

Katie's infamous hot-pink 4x4 was spotted being carted off by an AA recovery truck in August, days after she was caught behind the wheel breaking her driving-ban. Katie still had two weeks of the ban left to serve after she was caught speeding in February.

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Katie publicly BEGS Peter Andre

Katie tweeted her ex-husband Peter to ask him if their kids Princess and Junior were OK after a tragic shooting took place in the area they were holidaying in. She tweeted: "Still up at this hour, trying to contact my kids in America. Been trying Morning, Afternoon and Night. Please @MrPeterAndre let me know they are ok? ud83dude4f" This came following the news that Peter 'banned' her from seeing their kids.

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Katie splits from Kris

It was reported that Katie split from Kris Boyson after he bragged about their sex life to friends and wanted to be paid for his appearance on her aptly named TV show My Crazy Life.

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Katie's house goes up in flames

Katie's house suffered 'thousands of pounds' of smoke damage after a fire, which was reportedly caused by candles to mask the smell of her pets. It started in five-year-old Jett's bedroom, spread through the hallway and caused serious smoke damage to her West Sussex mansion.

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Katie checks into rehab

Katie checked into rehab after being diagnosed with post-traumatic stress disorder, which is said to have caused her 'drug binges'.

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katie is arrested,

Katie was arrested after allegedly crashing her £75k Range Rover in South East London. She had left The Priory early and went out to celebrate the 30th birthday party of ex-boyfriend Kris Boyson.

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Katie dates Alex Adderson

Despite still seeing ex-flame Kris Boyson, Katie started dating millionaire Alex Adderson. Apparently, they went on several dates before Katie split with Kris, before making the new romance official in September. Sounds complicated, right?

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Katie declares: 'I am back'

Katie posted a fierce message to Instagram after breaking an almost two month social media silence. In the post, she wrote: "I have my own story. I am not perfect. I am healing. I am learning everyday. I am a real person. I have feelings. I am doing the best I can do. I am being the best person and mother I can be. I have taken the time I needed to understand myself. This is now my time. I am back ❤ufe0f."We can't wait to see what comes next...

WATCH Jack Fincham, Chris Hughes and Joey Essex reveal their Christmas and New Year plans

Our insider explains that although Katie – who's also mum to 16-year-old Harvey – is claiming she’s being thrifty, she feels in competition with Peter.

“She says Pete can give them all the expensive gifts like designer clothes and trips to Florida but what she gives them is free – a mother’s love. In reality of course, all her friends know the presents will be overflowing at Christmas. She even wants to buy more animals - and they aren't cheap”

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heat magazine Katie Price cover
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The insider adds that the mum of five is now under extreme pressure to keep earning in order to meet the repayment schedule and is upping her sponsored Instagram posts and club appearances to keep the money rolling in.

And if her cash-flow woes weren’t enough drama to contend with, rumours are swirling that Katie has become engaged toon/off boyfriend Kris Boysonand another wedding (and possibly costly divorce) could be on the cards.

We're told,“Her friends are praying she can keep her finances under control – but until she can manage her relationships they think there’s little hope of that."

Read even more about Katie in this week's heat mag - out now.

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