Modern Family's Julie Bowen Explains Her Financial Situation & Why She's 'Frugal' With Money

Here’s what Julie Bowen said in a new interview…

Julie opened up on an episode of the All Good Things with Jason Nash podcast. She joked to the host, “First of all, you and I are both California divorced. That’s its own financial situation and you roll with it.”

For those who don’t know, Julie got divorced from ex-husband Scott Phillips back in 2018 after 13 years of marriage. They are the parents of three teenage boys.

“I can’t go into the details, because I have a lot of respect for my ex and we chill and we have really great kids together, but I did not go off and buy another house when Modern Family was done,” Julie said. “A lot of my cast members were like ‘Maybe I’ll buy an island.’ I was like, ‘Huh, I am not going to be doing that.’”

Julie said that she tries to save her money.

“I am pretty frugal,” she said. “I’ll be perfectly honest. Before, I never had business managers or accountants and I literally took all my money and kept it in cash in a checking account.”

“I’m so afraid that I’m never going to work again and, I’m not kidding, I have such fear,” she added.

With the help of a business manager, Julie began managing her money in a smarter way.

“Bit by bit, I handed over different little cash accounts that I had,” she said. “$10,000 here. $30,000 there… Then, after six years he goes, ‘Is that it? Are we done?’ And I was like, ‘Were done.’”

See how the cast of Modern Family ranks in reported net worth.