JLS 'Told To Cut Back Their Spending'

Boyband JLS might be setting themselves up for a fall, as it's been reported that the X Factor runner-ups have been living well beyond their means.

Following their debut single 'Beat Again' going straight to the top of the charts, it seems the boys have been getting cocky with their money - presuming that they'll now be set up for life.

However, bosses at the group's management company reportedly had to call the boys in to warn them of their spending splurges - which include Aston Merrygold spending £40,000 on an Audi TT, complete with the number plate JLS.

"All four were warned about living like princes on paupers' money," a source told The Sun. "They got a nice advance when they signed a record deal but it will take months for the cash from their single and forthcoming album to come in."

The lads have also been racking up bills of thousands of pounds at bars and nightclubs, as well as being caught on camera with arms full of designer shopping bags.