Heidi Montag and Spencer Pratt have quickly fallen from the graces of celebrity rich life to the hardships of the expensive real world.

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The former The Hills stars are considering filing for bankruptcy and currently homeless, Life & Style reported Thursday, adding that the couple owes $2 million in taxes.

"We were immature, worrying too much about the famous part instead of the actual business part," Pratt told Life & Style.

"In hindsight, we shouldn't have spent any of our money. We should have been low-key and saved -- We spoke with a bankruptcy attorney and I've looked into unemployment checks."

According to Pratt, the couple spent their earnings without considering that The Hills would end so soon after its 2006 debut.

"We thought The Hills was going to be like 90210 and we'd have another five to 10 years," Pratt explained. "The ratings were consistent, but we never saw Jersey Shore coming."

"Before, TV audiences were fine with seeing us all argue, but now they want you to punch one another in the face and hook up with three different people -- Our cast was a bit boring and snoozeworthy in comparison -- No wonder we got canceled."

Montag and Pratt reportedly spent $10 million on several extravagant purchases -- including $35,000 a month rental home in Malibu home and $3 million on Montag's attempt to launch a music career.

Montag's altered appearance also didn't come cheap. The couple spent hundreds of thousands of dollars on her plastic surgeries -- including the cost of aftercare, healing crystals, numerous cars, and private jets, Life & Style reported.

"At our lowest point, I considered posing for nude pictures in Playboy," admitted Montag, who had previously posed for the magazine clothed.

However, Pratt said his parents put a stop to that idea by offering to let The Hills couple stay in their studio guesthouse instead.

"I feel like I'm 14 years old again; my parents are my lifeline," Pratt said.

"Spencer's parents go to the grocery store for us once a week," Montag added. "And that's all we get."
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According to Life & Style, the couple doesn't want anyone to feel bad for them despite their difficult situation.

"We don't want sympathy," Pratt explained. "We did this to ourselves and feel like idiots, but we've grown up and are definitely not as naive anymore."
About The Author: Elizabeth Kwiatkowski
Elizabeth Kwiatkowski is Associate Editor of Reality TV World and has been covering the reality TV genre for more than a decade.