HT201081 how to disable family sharing and remove credit card

I updated all of out Apple mobile devices and set up Family Sharing.  I thought this would be a great idea.  Quickly I was proven wrong.  I liked the idea of linking my wife's account and mine, and the ability to add my kid as a child under my account (with his own itunes account). The ability for each account to be linked was convenient, but my problem, and many others I have seen posting online, is it being necessary to leave the credit card on file.  Second is the premissions setting.  This again is a good theory, but with children and their always wanting new games and other apps, it quickly became inconvenient to have to give permission to download even a FREE app.  So here is what I would like. The option to add the ability to download free apps, and request permission for purchasing apps.  If this in not possible, than the ability to completely disable family sharing, thus allowing me to remove my credit card info from the iTunes system and prevent unwanted purchases.
If anyone has any suggestions on disabling the family sharing I would greatly appreciate it.

Direct from the iPhone User Guide.
“Leave Family Sharing. Go to Settings > iCloud > Family, then tap Leave Family Sharing. If you are the organizer, go to Settings > iCloud > Family, tap your name, then tap Stop Family Sharing. For more information, see support.apple.com/kb/HT201081.”
Excerpt From: Apple Inc. “iPad User Guide For iOS 8.1.” Apple Inc., 2014. iBooks.
This material may be protected by copyright.
Check out this book on the iBooks Store: https://itun.es/us/5A6R2.l
Edit. Here's the link for more information.
Leave Family Sharing - Apple Support

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