Parents: The First Shopping Site for Kids Is Here-but Is It a Good Idea?
What parent out there hasn’t read some of these headlines and cringed?
“A Michigan mom says her kids used Alexa to buy $700 worth of toys on her credit card”
“Kendrick Perkins says his kids spent $16,000 on Fortnight using his credit card”
The combination of modern technology, the internet, and e-commerce has created a new challenge (and teachable moment) for parents everywhere: how do we best manage our kids’ access to online shopping opportunities while also instilling an understanding of money management and the very real consequences of making online purchases?