Monitor Your Kids In-App Purchases From Oink - Money Management

Your kid can empty up your bank account if you are not aware what he is buying on iTunes. Some parents just forget their credit card is linked with iTunes and their iPad is being used by their kids playing candy crush or subways surfers. Every time when you are out of lives in Candy Crush, it asks you to add more lives for a dollar. Your kid will not let the game end , and if your credit card is linked with iTunes, you can judge what your bill would come up. It would be good , if parents set a budget and appoint some limits on exactly where the funds in the account can be spent, and how much money can be used in single purchase. We have a solution for you. Payments company 'Oink' has created a solution that lets kids buy what they want but they will stay within their parents budget.

Oink works similar like PayPal which asks for username and password before carrying out any purchases. A child could be set with certain amount of money limit to spend on their favorite game, which could be spent on certain retailers. Purchases can also be set according to ratings ( Your child cannot buy mature games) or can be disabled quickly if payment info falls into wrong hands. This service is very helpful for parents who wants to keep an eye on their child's in app purchases. This service is available now on a number of retailers and popular games such as Habbo Hotel . Oink has planned to roll out the service to more online retailers and game companies. This is also one of the good way to teach your child about budgeting when they are out to buy something in the mall. You can download the Oink app from iTunes to give your child the freedom  of buying but with in limits.