While filming "Girls Trip," Haddish said Smith scolded her for carrying around a knockoff designer purse, but Haddish had a very good reason for doing so.
"I had a knockoff Michael Kors bag that said MLK instead of MK," the comedian told W Magazine in her new cover story. "Jada told me that I shouldn't have knockoff stuff."
"I told her that my philosophy is, whatever the bag costs, I should be able to keep that amount of cash in the bag," Haddish explained. "If it's a $300 purse, I have to put $300 in cash in that purse. I do not want a bag that is more expensive than the cash I have to put in it."
Haddish said that she's graduated to "Fendis" and "Guccis" since her early "Girls Trip" days, but that she "better have the cash equivalent."
"If things start to go wrong, I'm going right back to my knockoffs," she said. "When you're somebody like me, who's been homeless, clothes are not that important. Clothes are not a roof over my head, food in my stomach, my family's health -- that's what money is for. But fashion helps get more money, so we ride."
To read Haddish's full cover story for W Magazine, click here.