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So instead of the parents seeing an itemized list of expenditures they see more broad categories, can tell if their kid is on budget, and get notified if the ac
by byoung2 16y ago
So instead of the parents seeing an itemized list of expenditures they see more broad categories, can tell if their kid is on budget, and get notified if the account is off budget.
Kids can hack this pretty easily. For example, Mint.com categorizes purchases made using the store name, but you can buy lots of things from different categories at a single store. So students would just buy gift cards at the grocery store and the parents would think they're eating healthy when they're really buying clothes at Gap or video games at Best Buy.