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Serena Williams: Forced to cut back on expenses due to financial crisis

Posted By: jennwinn18

Posted: January, 17 2009

It is true that celebrities too were affected by global financial crisis. Famous tennis star Serena Williams has admitted that she was curtailing her expenses on designer handbags and extravagant jewelry.

Briefing the reporters at a news conference just before the Australian Open that is scheduled to start from Saturday Serena added, "The bag I'm carrying now is worth $12." "I have really cut back.

She continued, "It's low tide for me. I'm not out there buying crazy things," added the 27-year-old, who has earned almost $22 million in career prize money and reportedly makes close to $10 million a year in endorsements.

Although Serena is cutting off her discretionary spending on luxuries, she keeps on the habit of downloading digital music, television shows and movies to her computer for relaxation during tournaments.

Serena commented, "I love to watch to TV," "I'm terrible for the whole music and movie industry because I download movies and television shows.” "I'm obsessed with 'Desperate Housewives' and can't wait for Monday to download the next episode."

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