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According to reports, Britney Spears blew through $61 million dollars in just one year. That's a lot of frappachinos! (AP Images)

With the conservatorship in place, the state of Britney Spears' finances has been under the microscope with some shocking findings. Apparently, the word on the street is that bitch spent a lot of cash on a lot of crap.

In Touch reports: "When Britney Spears’ father, Jamie, was named her co-conservator on February 1, he took over her financial affairs. But after going through her books, Jamie must have learned just how much of a toll Britney’s crazy behavior, which started in February 2007 when she shaved her head, has had on her bank account — she’s lost nearly $61 million. 'It’s staggering how much money has been used up,' a family friend says.

In addition to the enormous tab for legal bills, rehab and psychiatric care, Britney’s inability to work has cost her a fortune. 'By not touring for her last album [Blackout], she lost out on $50 million,' estimates Robert Bianchi, an LA-based CPA who isn’t an accountant for Britney. Jamie hired his own accountants to sort out the money mess and bring an end to the 26-year-old’s excessive spending. 'It’s been quite a challenge getting things under control,' the insider says. Luckily, as Britney’s mental health improves, so does her bottom line. 'She’s spending about a fifth of what she used to,' the insider adds."

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