Becoming a reality star changes your life in a number of ways … just ask Honey Boo Boo. And one of the biggest changes is the amount of income that starts coming in when people can’t wait to tune into your show each week. But what does a reality star as young as Honey Boo Boo do with that kind of cash? Well, it looks like we won’t find out until she’s 21.
According to TMZ, Mama June has TLC put all of the money directly into trust funds that are divided equally between Alana, Lauryn, Jessica, Anna and Kaitlyn. The funds, which grow quickly thanks to the $15,000-$20,000 made per episode, cannot be accessed until the girls are 21 with only two exceptions: using the money for a medical emergency or for school.
“I want my kids to look back and say, 'Mama played it smart. Not like those other reality TV people.' TLC puts the money into the girls' trust accounts for me and then I get an email telling me how much everyone gets,” Mama June said.
In fact, the family still survives off the money Sugarbear makes as a contractor.
“You're never gonna see me drive a Range Rover or a Mercedes. I'll drive one if someone else pays for it. Never gonna live above my means,” Mama June said.
Do you admire Mama June’s approach to money? Do you think it will last?