Keke Palmer Recalls Being ‘So Spooked’ Filing for Bankruptcy at Age 18: ‘What Went Wrong?’

The actress opened up about her previous cash troubles on the Constructing Wealth In the present day for Tomorrow monetary literacy occasion

is recalling a time of actual monetary stress.

Throughout an look on the Constructing Wealth In the present day for Tomorrow monetary literacy occasion in Chicago on Oct. 12, Palmer, 31, revealed that she declared chapter at 18, per .

“I used to be so spooked,” she mentioned. “I used to be like, ‘What went improper?’ ”

Palmer, who started her Hollywood profession at age 9, mentioned she and her employed a enterprise supervisor in her teenage years. Though “that has helped me immensely,” she mentioned, submitting for chapter later grew to become important.

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Now, the Nope star invests and spends “manner below” what she will be able to afford. “I wanna put money into my enterprise. So if I wanna put money into my enterprise, then the fabric issues that I’m having presently might need to take a brief [break]. As a substitute of sporting Gucci, I’m sporting Zara. I stay in an excellent place. I drive a cool automobile ’trigger my cash goes elsewhere.”

Palmer went on to specify: “I bought a Toyota proper now in my driveway.”

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Chatting with PEOPLE this March, the Password host mentioned funds are one thing she talks about steadily along with her dad and mom, Sharon and Lawrence “Larry” Palmer. Early in her profession, they employed the enterprise supervisor as a result of they “wanted to get some monetary literacy as a household… we grew collectively in our understanding of cash.”

In February 2023, Palmer welcomed son , who she shares along with her ex-boyfriend, . Motherhood has additionally modified how she thinks about cash, she informed PEOPLE.

“Total it’s simply made me take into consideration the right way to actually make good decisions on the place I’m placing my cash,” she mentioned. “By way of investments or property and simply the sort of dwelling I wish to have, or what’s greatest for my son and what ought to I be spending issues on… I’m the sort of person who has by no means needed to be afraid of cash and let cash management me, or make me really feel nervous on a regular basis.”

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Along with her performing and internet hosting tasks, Palmer launched YouTube in 2022, $500,000 of her personal cash. She can be performing in and producing a yet-to-be-titled movie from director Lawrence Lamont costarring singer .

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