When I think of a “trust fund kid” I think of a child who was born with a silver spoon in their mouth and was raised in a home of privilege and various degrees of pomp. A “red-neck” pageant queen like seven-year-old Honey Boo Boo aka Alana Thompson is not what usually pops into my mind. But growing up to be a “trust fund kid” is just what life has in store for Honey Boo Boo, due to the prudent and very wise actions of her mother June.
Mama June told TMZ that she is putting the money the family earns in a trust fund for her daughters and her granddaughter and that they won’t be able to touch the money until they turn 21, although some of the money will be used for education and medical emergencies. Honey Boo Boo, herself, makes about $15,000 to $20,000 per episode. Her salary is reportedly put directly into a trust account by TLC with June just getting a statement saying it was deposited; this is money they are not touching.
“I want my kids to look back and say, ‘Mama played it smart. Not like those other reality TV people,'” June said.
They aren’t using the proceeds from the show on fancy vacations, designer duds or new cars. They made one big splurge and that was a used 2005 Ford Expedition. “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.”
They pay their bills from her hubby Sugarbear’s job as a contractor, and the “never gonna live above my means,” message is an important one, one we can all learn from!