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Nick Cannon Changing Spending Habits After Mariah Carey Split, Friends Worried He’s Struggling Financially

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Source: Splash News

Apr. 21 2015, Updated 12:02 p.m. ET

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Nick cannon broke
Source: Splash News

Nick Cannon may be staring down a financial crisis as he comes to terms with his changing lifestyle after parting ways with his ex Mariah Carey.

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Source: Splash News

Cannon and Carey pulled the plug on their relationship in 2014, with Cannon filing for divorce in December. But the entrepreneur is having to get used to more than splitting time with the pair’s two children, Monroe and and Moroccan.

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Source: Splash News

A source close to the pair says Cannon is having to greatly scale down his spending now that he is no longer with the music legend. “He’s behaving like he still has access to his ex’s bank account,” the insider said. “But his own paychecks are nowhere near high enough to sustain his expensive habits.”

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Source: Splash News

And experts added that Cannon’s numerous business ventures don’t necessarily provide him the greatest amount of financial security. “Most of the money celebrities make goes to their lawyers, because they’re the ones who are brokering the deals and securing their clients’ works in addition to protecting their name and brand,” Todd Schoenberger, a managing partner at LandColt Capital in New York City, told OK! “Many celebrities are living paycheck to paycheck.”

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