January 07, 2013 10:30 AM by Stephanie Gustafson
It’s always nice to hear about the rare occasions during which reality stars actually make sound financial decisions. The latest example involved June Shannon, mother of pageant princess Honey Boo Boo. Mama June has decided to place all proceeds from Here Comes Honey Boo Boo in trust funds for her daughters and granddaughters. Suffice to say, this is a far cry from Octomom’s financial approach.
Every reality star has a different approach to handling the sometimes massive income that arises from being the focus of a TV show. Many waste their earnings on fancy cars, homes, vacations and clothing, while others decide to continue living as they did before the fame hit. The line between celebrity financial habits has been made particularly clear with two of today’s biggest reality stories: June Shannon putting the Here Comes Honey Boo Boo earnings in trust funds and Nadya Suleman (Octomom) being forced to go on welfare again.
It’s important to remember, of course, that Nadya Suleman is a single mother with fourteen children. Mama June, on the other hand, has the benefit of Sugar Bear’s income, plus four fewer children (although, if you include June’s grandchildren, the financial burden increases). Still, it’s clear that the two stars had vastly different approaches to fame. After earning money by posing for porn magazines, Octomom decided to splurge on a sprawling new house. Mama June, however, has no plans to move to a bigger or fancier home. She’s perfectly happy where she is — even though some critics argue that she’s only staying in her current house to maintain the Honey Boo Boo redneck brand.
Reality stars may earn a lot of money, but they also have a tendency to get caught in the trap of excess spending. We’re glad that Mama June is looking ahead and planning for the future of her children and grandchildren.
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Photo Credit: TLC
Topics: Here Comes Honey Boo Boo, TLC Reality TV Shows, Toddlers & Tiaras |
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