Nine Year Old Spends Thousands Without Her Parents Knowing

kids-win

“You wouldn’t believe what happened at work today,” said my friend, Keith Ferrell.

He helps teachers and students integrate technology into elementary school classrooms.  As we talked over dinner, he shared a crazy (but all too common) story.  A nine-year old girl at his school had spent $3,711 on a variety of online games.  She racked up the bill in just three weeks—right under her parents’ noses.

Your child couldn’t do that?  That’s what her parents thought.  The fourth grader downloaded free apps through iTunes. Dragon Mania Legends was one of her favorites. Her parents’ credit card was linked to her iPad.  At some point, her parents must have used her iPad to make an online purchase. 

After that, the little girl bought whatever game upgrades she wanted. 

Image courtesy of Pixabay.com

You can read the rest of the article at AssetBuilder.com

 

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Andrew Hallam

I’m a financial columnist for Canada’s national paper, The Globe and Mail, as well as for AssetBuilder, a financial service firm based in Texas. I’m also the author of Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School (2nd Ed. Wiley 2017) and The Global Expatriate’s Guide To Investing: From Millionaire Teacher to Millionaire Expat (Wiley 2015). My mission is to educate, motivate and inspire people on basic retirement planning and best practices for investing, using evidence-based strategies. I'm happy to comment on your questions. However, please read the Terms of Use, Privacy Policy and the Comments Policy.

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