Kerry Katona is facing filing for bankruptcy for the third time.

The Atomic Kitten star is said to owe £5,000 a month to rent her mansion - where she lives with fiancé George Kay - and friends have suggested she can't afford the lifestyle she's still trying to enjoy.

An insider told The Sun on Sunday newspaper: ''She lives beyond her means.

''She's negotiated a £50,000 magazine deal for her wedding, but that's not until the summer.

''She worked on a doomed start-up radio station and money from ITV's 'The Big Reunion' has dried up because the second series has new bands.''

Kerry is trying to stay positive, and noted she isn't the only person who has to be careful with their money after Christmas.

While the star admitted she isn't ''rolling in it'', she is still hoping to ''get back on top'' sooner rather than later.

She said: ''As with every family after Christmas, money is tight. But that's every year, whether I'm bankrupt or not.

''We all know I'm not rolling in it but I'm doing my best to get back on top. And praying to win the lotto!''