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Chad Johnson

I'm Losing

$45,000 a Month!

6/16/2013 12:57 AM PDT BY TMZ STAFF
EXCLUSIVE

0610_chad_ochocinco_tmz_4Chad Johnson's money woes have gotten so bad, his expenses outpace his income to the tune of $45,982.76 per month ... TMZ has learned.

As TMZ first reported, Johnson has been battling his baby mamas in an effort to lower his child support payments ... seeing as he no longer makes the cash he used to at the height of his NFL career.

In docs filed in April, Johnson claims to only make about $3,000/month ... but that immediately disappears thanks to the $16,525 he already pays in child support.

Then when you get to his own expenses, Johnson forks over $9,063.24 in mortgage payments, $2,500 for food, $2,650 on car expenses, $3,500 on clothing, $250 for grooming, $5,000 on entertainment, $1,000 for pet expenses along with various other expenses that total $31,154.76.

Add it all up ... and Johnson is in the red $45,982.76/month.

But it's not all bad news ... Chad still has two houses, two cars, and a few bank accounts that put his assets at a nice $4,720,672.57.

Maybe 30 days behind bars wouldn't be such a bad thing ... FREE MEALS!

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89 COMMENTS

No Avatar
1.

WLM0909    

Why the hell is he spending 5 grand a month on entertainment, 250 on grooming and a grand on pet expenses?!?! Dog food isn't that horribly expensive, and if he's losing that much money a month, he has no business "entertaining and grooming" himself.

465 days ago
2.

David    

Sounds like a JOB for Dave Ramsey ?

465 days ago
3.

Nostraldumass    

Sounds like a "BLACK" peoples problem to me.

465 days ago
4.

yes    

Wasn't this guy buying a homeless man lap dances?

465 days ago
5.

Nun ja biz    

Sounds like he needs to start extreme couponing :) or maybe put a home or 2 up for sale.

465 days ago
6.

Nikki    

If you ain't good with money... even with Millions you're gonna be poor.

465 days ago
7.

Deco    

I spend about $1,000 on clothing every year but I'm not that self conscience about my looks, after all I'm just a man.

465 days ago
8.

realtalk    

those men should think about that before they go around knocking up every woman they run into

465 days ago
9.

Vonn    

2,500 a month for food, 2,60...0 for car expenses, & 5k for entertainment. This is why these idiots go broke. If his salary has decreased his child support payments should decrease...along with his living expenses. Sounds like he needs to sell a house and cut back on the spending.

465 days ago
10.

Kev the Realist    

Hey Douch$bag, get rid of your cars, sell a house, and start living withinn your means. This is real simple, these moron athletes or movie stars get so used to the money that they have no money sense at all and they think it will last forever. You dont need to ride in a $200k car and you cannot live in more than 1 house at a time, but these jerks never figure that out, until tehy get taken to court. Sieze his assets and tell him to get a job and sell off the useless, expensive toys.

465 days ago
11.

Sherron    

Are we suppose to feel sorry for this stupid no talent moron? Cut out ALL of these expenses and live within your means! It's that's simple...

465 days ago
12.

Joseph Diehl    

Lower his child support? The judge should have a good laugh, with that one.

465 days ago
13.

paul    

STOP IT ! JUST STOP IT!!!! HOW MUCH IS CONDOM, $5 for good one. You brought it upon yourself. Use condom, you did not, now you have to pay for support you are crying. Clean roads, carry garbage. Cut grass.

465 days ago
14.

og whiz    

Lmao FREE MEALS!

465 days ago
15.

Mumra the Ever Living    

Then when you get to his own expenses, Johnson forks over $9,063.24 in mortgage payments, $2,500 for food, $2,650 on car expenses, $3,500 on clothing, $250 for grooming, $5,000 on entertainment, $1,000 for pet expenses along with various other expenses that total $31,154.76.

Don't worry about it Chad ZERO ZERO, you'll find that living in a cardboard refrigerator box under a highway bridge will bring those expenses WAY DOWN.
.
I guess you never bothered how to do math when you you were a coddled football player when you were a kid. I guess it won't matter when you're living in a flop house . . . if you're lucky.
.
I only people I feel sorry for is all those bastard kids you left to fend for themselves.

465 days ago
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