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'We were broke in six months': Ben Affleck says he and Matt Damon blew through t...

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'We were broke in six months': Ben Affleck says he and Matt Damon blew through the $110K they made from Good Will Hunting on jeeps, 'party house' — here are 5 tips to make your money last
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Tue, April 25, 2023, 4:30 AM GMT+9·5 min read
'We were broke in six months': Ben Affleck says he and Matt Damon blew through the $110K they made from Good Will Hunting on jeeps, 'party house' — here are 5 tips to make your money last
'We were broke in six months': Ben Affleck says he and Matt Damon blew through the $110K they made from Good Will Hunting on jeeps, 'party house' — here are 5 tips to make your money last

Hollywood star Ben Affleck recently revealed that he and close pal Matt Damon blew through their earnings from iconic 1997 film Good Will Hunting in record time.

“I was like, ‘We are now rich for life. ‘My needs are over. I will never have to work again,’” recounted the acclaimed actor and filmmaker — who now has over 60 film credits to his name — in a recent appearance on The Drew Barrymore Show.

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The pair of then-20-somethings sold the film for $600,000 and split the cut. However, they each paid $30,000 to their agents and $160,000 in taxes — leaving them with $110,000 each.

So what did they do with their profits? Affleck and Damon decided to splurge on two $55,000 Jeep Cherokees, bringing them down to just $55,000 each.

"Naturally we decided to rent a $5,000-a-month party house on Glencoe Way by the Hollywood Bowl and we were broke in six months,” Affleck continued.

While they’ve both clearly landed on their feet despite their initial poor financial planning, here’s how to make your money last — even if you don’t have another Academy Award-winning project up your sleeve.

1. Budget wisely

First rule of thumb: Don’t drive through half your earnings for a new set of wheels. Affleck and Damon would have benefited from making modest purchases instead of splurging on a pair of Jeep Cherokees and a party house.

Make a budget — and more importantly — stick to it. Keep track of your monthly spending, whether that’s with pencil and paper, an Excel spreadsheet or through an app.

First start off with your necessities, like groceries and rent, then set some cash aside for your debts and savings. Once you’ve got the basics covered, you can consider treating yourself afterwards.

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