Shocking: Honey Boo Boo’s Mom Is Financially Smart!

Alden Wicker
Posted

honey boo boo trust fundBy now you’ve probably heard of the reality television show “Here Comes Honey Boo Boo.” It follows the adventures of a not-so-classy southern family and their pageant star daughter. Redneck gawking, if you will. (Hey, Time said it, not us.)

So how would you guess this family would spend the earnings from the show? Escalade? Home upgrade? More pageant dresses for Honey Boo Boo? Nope, it’s all going straight into a trust fund. Pleasant surprise of the year!

Mama June, the mother of five girls, told TMZ that she siphons most of the money they earn from the show—between $15,000 and $20,000 per episode—into trust funds set up for her daughters. They won’t be able to access the money in the accounts until they each turn 21, except in the case of medical emergencies or for school.

The money doesn’t even pass through Mama June’s hands first. ”TLC puts the money into the girls’ trust accounts for me and then I get an email telling me how much everyone gets.” She says they live on her husband’s earnings from his contract work.

Even better, Mama June said, “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.” Since becoming famous, they’ve only bought a 2005 Ford Explorer.

High five! Even if you don’t agree with their food tastes, clothes choices, grammar—OK we’ll stop—but even if you’re not a huge admirer of Honey Boo Boo’s family, you could take a page from their book on this one.

Now the question is whether her girls will be as smart when they hit 21. Fingers crossed!

  • Anon-K

    Good on her!

  • Cc11782n

    I know everyone makes fun of them, but I’ve gotta say – they all go to the pagents and support that little girl and are a lot more functional than other families they show on TV. Sure they’re rednecks and they make questionable choices with food, entertainment et. al, but you really get the sense that they genuinely love and care about eachother.

  • Jmwn99

    Why is this shocking?  It seems that that is your bias… making the assumption that based on their lifestyle that they would not be financially literate.

    • http://shinybutter.com/ Coco Q

      The author said it was a “pleasant surprise,” not *shocking*. And it’s a pleasant surprise because we hear countless stories of people of little means coming into a lot of money and going just nuts blowing it all on material stuff. Happens all the time. So to see a family that appears to exist solely for the public to gawk at and make fun of, just ‘knowing’ that they’re out spending all that money on fancy cars and houses and more pageant dresses, to in fact be kind of balanced is indeed a pleasant surprise. We all pre-judge and this is a situation where, if we were to judge this family based on similar scenarios (because goodness knows, we see plenty), we would have foreseen an entirely different result to their new-found fortune.

      • http://shinybutter.com/ Coco Q

        Well… actually, the title says “Shocking.” I just realized this!

  • Mara

    Actually it didn’t surprise me…I agree with CC11782n. Rednecks and all they show more family values than the typical “sophisticated” family and when families are true to themselves and not so concerned with other’s opinion (which they are obviously the case) they also don’t care about being “weird” in the financial aspect…weird in the sense of not upgrading everything they have because they all the sudden got the means to. Good for them :D  

  • http://profile.yahoo.com/FKHRZS7QO5IAW5B2BUV2LELPA4 Linda

    I prefer healthier food than the ‘rednecks’, however I was made fun of at work because I brought healthy food from home instead of buying ‘fast food’ lunches that were full of trans-fats, calories and cholesterol.
    I was chided for being a cheapskate. A lot of my former co-workers (I retired) quit laughing when I paid off my morgage and both cars!!!! They also became intrigued by my weight loss!