posted in Technology

Devastated father says his 9-year-old son spent $118,000 on YouTube ad campaigns for his Minecraft channel using a company credit card — bill racked up in just three weeks was supposed to be one $20

www.tomshardware.com/video-games/devastated-father-says-his-9-year-old-son-spent-usd118-000-on-youtube-ad-campaigns-for-his-minecraft-channel-using-a-company-credit-card-bill-racked-up-in-just-three-weeks-was-supposed-to-be-one-usd20-promotion

Replying to @⁨87Six@lemmy.zip⁩

My parents would never tell us what the money situation is, which is both a curse and a blessing. They would just say there was no money for it so I didn’t understand the concept that well. Took high school to learn about balancing checkbooks and such to fully comprehend what they were saying.

I think parents should have a talk to their kids about finances in general though, not the nitty gritty, but understand how much goes into X to ensure Y. To find out the real value of a dollar in a more tangible way so they know, when mom and dad say they have $1K at the end of the month, that’s a hard cap, and they may soft cap it to keep savings for emergencies.

en