If you were drenched with worry over what is happening to the money reality star Honey Boo Boo is making off of her show, then worry no more. According to sources, Mama June mother of Honey Boo Boo, has set up a trust fund for the young child who has managed to captivate America (and perhaps the world) with her “down home” and “tell it like it is” persona.
According to reports, Mama June has taken the money that Honey Boo Boo and her daughters are making and placing large amounts of money into trust funds for her children.
With what many would call wise financial planning, it is estimated that Honey Boo Boo’s family receives between $15,000 – $20,000 per episode, all of which is divided equally into accounts for seven-year-old Alana “Honey Boo Boo” Thompson, 12-year-old sister Lauryn, 15-year-old sister Jessica and 18-year-old sister Anna. And who can forget baby Kaitlyn? A share of the earnings is placed in a trust fund for the youngest daughter as well.
To ensure tremendous financial well being as the girls grow older, the children will not have access to the money until they turn 21…even if they need it for a medical emergency or some other issue that requires funds.
Mama June says that despite the money that she makes from the episodes of “Here Comes Honey Boo Boo”, she will never live beyond her means. She has vowed to be conscious of the finances and save the big money for her girls as they mature. For now, her husband’s salary as contractor is sufficient enough. Perhaps we can all take a page from Mama June’s financial planning and crafting when it comes to saving and spending money that we earn.
What are your thoughts on Mama June setting up trust funds for the money earned on TLC’s “Here Comes Honey Boo Boo”? Share your thoughts and get to know Honey Boo Boo’s family a bit better below!
Cicely C. Mitchell MIX 96.5/ Houston