January 07, 2013 07:09 AM by Donna W. Martin
Mama June of Here Comes Honey Boo Boo may not be as dumb as some people think. She is making sure her daughters’ futures are secured by stashing away the majority of their reality TV earnings into trust funds for her five daughters. Keep reading for more details.
According to Access Hollywood, Mama June admits the family receives between $15,000 – $20,000 per episode of Her Comes Honey Boo Boo. But rather than squander the money on frivolous things, Mama June said she divides the money equally between her five daughters, Alana “Honey Boo Boo, 7, Lauryn, 12, Jessica, 15, Anna, 18, and baby Kaitlyn and then deposits it into trust funds that she has set up to secure their futures. However, The girls will not be able to access the money before the age of 21 unless they need it for school or medical emergencies.
“I want my kids to look back and say, ‘Mama played it smart. Not like those other reality TV people,’” she said and revealed she never actually receives any money from the show. “TLC puts the money into the girls’ trust accounts for me and then I get an e-mail telling me how much everyone gets.”
So how does the family pay their bills and other living expenses? Mama June said Honey Boo Boo’s father, Sugar Bear works as a contractor and earns the money needed to provide for the family’s needs.
But regardless of how much money the family has between Sugar Bear’s job and their reality TV earnings, Mama June said, “You’re never gonna see me drive a Range Rover or a Mercedes,” she said. “I’ll drive one if someone else pays for it. Never gonna live above my means.”
Smart thinking Mama June!
What do you think of Mama June establishing trust accounts for each of her daughters? Are you surprised she’s using their reality TV earnings wisely? Post a comment and let us know.
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Photo Credit: TLC
Topics: Here Comes Honey Boo Boo, TLC Reality TV Shows |
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