The Virtual Exchange Rate Trap
When I was in middle school, I hit a phase where I became addicted to money-earning apps, like FreeMyApps. Over the period of a few months, I had earned around $300. With that money, I probably could have bought something useful–but no, being my middle school self, I decided to spend all my hard earned money on Clash of Clans and bought 42,000 gems (the in-game currency of Clash of Clans). It seemed like a value buy at the time–42 thousand gems sounds like quite a lot. But, within one day, I had used up all my gems.Continue Reading