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Miley Cyrus reportedly got in trouble when she went out and bought a crocodile Prada bag which averages $11,350. When Billy Ray and Leticia Cyrus found out what Miley did, they were said to cut up all of her credit cards and have changed her monthly allowance of $300. Although 15-year-old Miley has become quite the star with her tour selling out, a successful CD, and a very popular TV show Hannah Montana, the Cyrus parents aim to raise her like a regular kid and give her rules and limitations. She still gets grounded too when she acts up.

Billy Ray and Leticia really want to keep Miley out of trouble. They’ve offered that if Miley promises to live under their roof until she’s 20, she can have a separate bedroom and living room so she can feel like she has some privacy. Miley is still Billy Ray’s little girl. After all, he wakes up Miley every morning at 7:15 am with a cup of Ovaltine.

Aw, isn’t that nice? Billy Ray & Leticia seem to be great parents. It might be too late for Britney’s parents and Lindsay Lohan’s parents to change Britney and Lindsay, but they have younger siblings. Other parents with celebrity kids should be taking some notes.

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