- Keke Palmer, despite having a million dollars in the bank, maintains a modest rent of $1,500 despite her financial success.
- Palmer emphasizes the importance of living below one’s means, a principle instilled by her parents, who earned around $40,000 at their peak careers.
Hollywood actress and entertainer Keke Palmer has opened up about her strong commitment to financial discipline, revealing that she pays just $1,500 in rent—even with a million dollars sitting in the bank.
In an interview with CNBC, Palmer emphasized that living below her means is a conscious choice, rooted in lessons taught by her parents, who earned a combined $40,000 at the height of their working years. “I believe in saving and frugality… I don’t play around with that,” she said.
Palmer, who began her acting journey at age nine and rose to stardom with roles in Barbershop 2 and Nickelodeon’s True Jackson, VP, explained that her financial mindset has always focused on long-term stability rather than short-term luxury.
While she occasionally turns heads with stunning red carpet looks—such as her recent Christina Aguilera-inspired outfit at the Vanity Fair Oscars party—Palmer made it clear that her real strength lies in staying grounded financially.
“I’ve always believed in keeping my lifestyle manageable, no matter how much I earn,” she added, reinforcing her commitment to practical money habits even in the spotlight.