Sunday, February 7, 2010

Buy Now, Pay Later (Maybe With Your Allowance)



This article discusses the monetary dimension of FooPets, a social networking/virtual pet caregiving program like Farmville, etc. Foopets has set up a Kwedit system that allows children under 18 (who do not have a credit or debit card) to pay in cash at 7-Eleven for the products or services that they promise to pay while online...

http://www.nytimes.com/2010/02/07/business/07digi.html?src=sch&pagewanted=all
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3 comments:

  1. Natalie_PerezFebruary 8, 2010 at 9:02 AM

    Interesting article Kellie, I can't believe that last year people spent over $1 billion in VIRTUAL goods! I could think of a lot more things I could spend my money on than virtual goods that I will never be able to actually touch. It is an interesting concept though and I guess it could give kids a lesson on how to manage money and/or keep promises.

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  2. lrodrigueFebruary 8, 2010 at 8:42 PM

    I no longer get an allowance. However, if you want to give me some $ I'll name my Foopet Kellie.

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  3. Ethan ThompsonFebruary 10, 2010 at 7:45 AM

    that puppy looks really, really, sad. let him out of that computer!

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