Is Kate Hudson broke because of her baby and the school tuition for her kids? Kate Hudson revealed in the December issue of Harper's Bazaar that she has to borrow expensive dresses for red carpet events because she can't afford to buy them.

"People think we own all these dresses, but we borrow them!" Kate Hudson, 34, told Harper's Bazaar, ABC News reports. "I can't afford to buy that stuff. There are certain things I splurge on, but it's very rare, especially when you have two kids and school tuition."

"I'm not a big high-end fashion shopper," Hudson revealed. "I wish I could, but the truth is things are just so expensive. Before Isabel Marant was a million dollars and famous, I used to go to her store in Paris and go crazy. It was so affordable."

Hudson has two kids: Bing, 2, and Ryder, 9. She said she is trying to teach her sons the same lesson her mother Goldie Hawn and Hawn's longtime partner, Kurt Russell, taught her when she was a kid.

"My mom wasn't a big shopper for us," Hudson said. "I think they wanted to instill that in us even though we grew up in a really privileged and lucky lifestyle."

"I see his friends texting people, and I just can't do it," Hudson said about buying Ryder, her son with ex-husband Chris Robinson, his first cell phone. "The first device I got was a pager! I was 13, and it was hot pink."

Kate Hudson is currently planning her wedding with Muse frontman Matthew Bellamy, as well as playing with the idea of creating her own affordable brand.

"I really think that if I'm going to put my effort into something, I want to reach a larger amount of women, where they can afford the things I'm selling," she told Harper's. "Especially with the economy, it doesn't make sense to me anymore."

Despite this, Kate Hudson is the cover star for Harper's Best Dressed issue, due to her fashionable taste with the brands that style her, such as Balmain, Saint Laurent, Stella McCartney, TODAY reports.