Katie Price ‘running out of cash’ after splurging on lavish gifts for new toyboy

Katie Price has blown £300,000 on her toyboy Kris Boyson in the last few weeks, treating him to holidays, gifts and cars, it has been reported.

The eye-watering spending spree is said to have left the mum-of-five slowly running out of cash, according to insiders.

Ex glamour model Katie, 40, and personal trainer Kris,29, were spotted in Budapest over her 40th birthday and she’s said to have splashed out on another trip to South Africa for them both later in the year.

"Katies completely smitten with Kris but she’s also incredibly insecure and petrified his eyes are gong to wander," " an insider told Closer magazine.

"She’s forked out £8k on flash watches, cufflinks and jewellery for him, as well as spending on his business…" they added.

"He made a comment last week that he’d love to visit South Africa and hours later she’d paid for a safari for the two of them later this year."

The news comes after it was reported Katie was hoping to secure a £400 online ‘quickie’ divorce from her third husband Kieran Hayler.

Katie was said to be hoping to get things done as quickly and easily as possible, to avoid her spending excess cash, reported the Daily Star.

The pair called it quits last month following reports he had an affair with their children’s nanny.

And if that wasn’t enough drama, it was also reported last week that Katie was having issues with her first husband Peter Andre, who had ‘banned her from seeing their two children.’

The Mysterious Girl singer is said to have looked after Junior, 12, and Princess, 10, over half term but is now reported to be ‘refusing to hand them back’ to their mother.

A source close to the couple claimed that Peter, 45, has become concerned about Katie’s boozing and her new relationship with 29-year-old toyboy Kris Boyson.

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