Published 27 Sep 2011
[cont'd] virtual credit exists before making any purchase and make the necessary adjustments on the spot.
The service is free as Moneytrail make their money through an arrangement with Amazon.com. The site allows the kids to make wishlists of items on Amazon and when they’ve built up enough virtual credit Mom or Dad log in and buy it and a small commission is paid to Moneytrail.
With kids spending a lot of their time glued to their laptops and mobile phones these days they’ll probably enjoy using this app to remind Dad just what he owes. And if they can get a few pointers about money management then all the better.