Apple to end iTunes Allowances feature on May 25, suggests using Family Sharing instead to oversee kids spending
Apple has announced that users can no longer setup iTunes Allowances for kids from today, ahead of a complete shutdown of the iTunes Allowances program on May 25th, 2016. iTunes Allowances let parents set up monthly credit for their kids to spend on App Store and iTunes Store purchases.
In the support note announcing the closure, Apple recommends families instead use Family Sharing to manage purchase and spending habits across family members. This does not impact the availability of iTunes Gifts — Apple customers will still be able to buy iTunes gift cards to give to friends and family as normal.