Mama June Sets Up Trust Fund For Honey Boo Boo & Daughters
Honey Boo Boo is going to be just fine financially when she gets older, thanks to wise financial planning from Mama June.
The reality TV mother has revealed she siphons the majority of the family’s “Here Comes Honey Boo Boo” earnings into trust funds for her daughters.
The family receives between $15,000 - $20,000 per episode, which is divided equally into accounts for Alana “Honey Boo Boo” Thompson, 7; Lauryn, 12; Jessica, 15; Anna, 18, and baby Kaitlyn, the reality matriarch told TMZ.
The girls will not be able to access the funds for anything other then schooling medical emergencies until they reach the age of 21, June revealed.
“I want my kids to look back and say, ‘Mama played it smart. Not like those other reality TV people,’” she told the website, adding that she never actually receives the money. “TLC puts the money into the girls’ trust accounts for me and then I get an e-mail telling me how much everyone gets.”
June said Sugarbear (Honey Boo Boo’s father) provides for the family by working as a contractor and no matter how much dough they rake in from their reality endeavors, they will never blow it all on material items.
“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.”
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