Pamela Anderson, the iconic sex symbol who etched herself into the American psyche by donning the famous red "Baywatch" swimsuit, is slightly underwater when it comes to her finances.
The former Baywatch actress owes $259,395.75 for unpaid taxes to the IRS in 2011 as well as $112,118.90 for California state taxes, according to TMZ.
She said she has money troubles and is revealing she is paying off her massive tax bill in monthly installments.
Also she is selling her mansion in Malibu. She said part of her financial problems is due to the massive renovation she did in her house in Malibu she is selling now.
And despite being a household name, Anderson is now doing what any other American in her situation must do: downsize!
Besides that, its time for her to figure out her budget and live according to it. It is time to wake up and see she still can live a good life without going overboard.
And last...Seriously, when you're famous, isn't there this little light bulb that goes off in your head when the cash starts rolling in that makes you say, "Gee, I should probably hire an accountant to keep tabs on my spending and a financial advisor to teach me how to plan for my future before I wake up one day and realize every last dime is gone and I am dead broke."
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