Would someone please lend Lily five bucks?

Lily Allen is feeling the effects of the global economic recession.

The “Smile” hitmaker admits she has already spent all of her royalty payments from her 2006 debut album, Alright, Still, and her extravagant spending has left her running low on cash.

Lily even had to sell her $65,000 BMW 320 convertible in an effort to stay afloat financially.

“I’ve been hit big time by the credit crunch. Actually, I just had to sell my car because I’m so broke,” Lily says. “I bought a car last year and that was probably my biggest extravagance. Clothes too, I’m always buying clothes. I’m completely skint. I can’t even spend on credit cards,” the 23-year-old tells The Daily Mirror.

“I mean, I won’t be, as I’m waiting until I get the royalties from the album and all the radio plays but that takes about a year. The banks will usually front your money in that kind of situation but they are not lending at the moment so it’s a tricky time.”