Why Mama June Put Her Kids' Big 'Honey Boo Boo' Earnings Into Trust Funds
Thanks to the fiscally savvy Mama June (who knew?!), Alana and her four sisters will have their TLC earnings divided evenly into individual trust funds that they will have access to once the minors turn 21.
"I want my kids to look back and say, 'Mama played it smart. Not like those other reality TV people,'" June opened up to TMZ.
While the Thompson family currently earn between $15k - $20k per episode, the money will be divided evenly into each daughter's account.
So let's say the Thompson clan earn $18k an episode, with ten episodes per season, that's $36,000 for Lauryn (12), Jessica (15) and Anna (18) and baby Kaitlyn — per season.
The TLC hit "Here Comes Honey Boo Boo," a spinoff of the network's popular "Toddlers in Tiaras," was recently renewed for a second season.
And Mama June doesn't even have to lift a finger to get the money into her children's accounts.
"TLC puts the money into the girls' trust accounts for me and then I get an email telling me how much everyone gets," the Thompson matriarch continued to TMZ.
But that doesn't mean the rural Georgia-based family are letting the newfound fame and money go to their heads.
"You're never gonna see me drive a Range Rover or a Mercedes," continues Mama June, who says the family gets by from her husband's salary as a contractor. "I'll drive one if someone else pays for it. Never gonna live above my means."
So far, the Thompson's only big purchase since appearing on the show has been a 2005 Ford Expedition.
As show star Alana would say ...
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