Your Money: Mar. 1, 1999

Kids' Allowances Go Online

Worried that your kids are blowing their allowance on video games or Spice Girls CDs? A new website will let them shop in cyberspace while you monitor their spending habits. At icanbuy.com which launches next week, overanxious parents will be able to use a credit card to set up online debit accounts for their children, who get fixed weekly or monthly withdrawals and a list of acceptable shopping sites. Parents can then watch their hard-earned money evaporate in real time.

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