Children spare much time on playing online games and they gradually spend much money to buy game props or characters, parents worry their children would get addicted to the “in-game” purchases and create financial problems. How should parents deal with this problem?
Playing online game is a kind of entertainment and desirable expense, parents should not consider it as an "evil"; otherwise, they would lose an opportunity to communicate with their children on this issue. It is understandable that “in-game” purchases can easily turn into an addictive behavior, however, parents should be open-minded to discuss this topic with their children and take it as a good opportunity to understand their mindset in money management and instruct them on how to play and purchase online game in a controlled manner. Parents can help their children learn money management through giving their pocket money and encourage them to take a balance in pursuing other personal endeavors like academic studies and cultivate other interests such as sports, seeing movies, reading novels and comics. Through enhancing quality time with their children and providing them positive feedbacks it may help them build up their self-confidence and it also easily reduce their interests of playing online games.
Source: Financial Education Centre Certified Financial Social Worker