I have family sharing, however children have received iTunes vouchers for Christmas and redeemed under their own IDs, however purchases still only can go through to my credit card

how do you get family sharing to use kids redeemed iTunes vouchers before collecting from parents credit card

Hello 69cou,
You would need to add the iTunes Gift Cards on their devices or Apple ID. Once that is done, they should be able to make a purchase and pay with their iTunes credit first and what ever is left over will go towards your payment information. Take a look at the articles below for more information and how to add credit. 
Family purchases and payments
http://support.apple.com/en-us/HT201079
Redeem and use iTunes Gift Cards and content codes
http://support.apple.com/en-us/HT201209
Regards,
-Norm G. 

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