If you have an IOS device then you are probably as unhappy with your experience with it as most of us. iLounge author Jesse David Hollington has written a complete guide to using the iTunes store and here is a tutorial on setting up an allowance account for your kids…
From iLounge The Complete Guide to Using the iTunes Store:
Making Allowances
If you’re a parent who may not be particularly enthused about the idea of giving your son or daughter unlimited access to the iTunes Store, you’ll be happy to hear that Apple provides an allowance feature. Instead of setting up an account for your son or daughter with your actual credit card, you would set up your own iTunes Store account that only you access, and then set up an automatic monthly credit to your offspring’s iTunes Store account, ranging from $10 to $50 per month, in $10 increments. You can initiate this process from the Buy iTunes Gifts section by scrolling down to the “Allowances” heading and clicking Set up an allowance now.
You are prompted to enter your own name and the recipients name, choose an amount to send out on the first of each month, and whether to send the first installment now or wait until the beginning of the next month. You can also choose to either create a new Apple ID for the recipient, or use their existing Apple account if they have already set one up. You can also enter a personal message to go with the allowance. The recipient will receive an e-mail
If you opt to create a new Apple Account for the recipient, you’re taken briefly through the process of setting up the Apple ID and password for the recipient. The date of birth is used for password recovery, and the default question is set to “Who gave you your allowance?” with the allowance provider’s name as the answer.
After you’ve filled in the necessary information, you’re shown a purchase confirmation screen to confirm that everything is correct before hitting the “Buy” button.
The recipient will receive an e-mail with instructions on how to access their iTunes Store account and information on the allowance itself. They will also receive a notification each month on the first of the month when their allowance installment is deposited to their account.
You can manage allowances that you have given out from your normal iTunes Store account management screen. Click on the “Manage Allowances” button will take you to a screen where you can view the allowances that you have set up, and choose to either modify the amounts, suspend the allowance until you re-enable it, or remove it entirely. You can also create additional new allowance from here.
Allowance funds will appear as a credit balance in the recipient’s iTunes Store account in the same way as a gift card or gift certificate, and work in the same manner—purchases come from the gift balance first, and any purchases which exceed the remaining balance must be funded with a separate payment method. Basically, an allowance is just the automated equivalent of buying a gift certificate at the beginning of each month. Keep in mind also that accounts receiving an allowance still function as normal independent iTunes Store accounts, and these users are not prevented from buying additional content using their own payment method. In fact, parents can supplement the allowance on special occasions by purchasing gift certificates or gift cards.
Tuesday, September 18, 2012 at 8:38PM 
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