I want to do family sharing with no payment method on file, how can I do this?

How can you set up the family sharing in iTunes with no payment method on file?  I do not want my teenage kids, my husband, or myself, for that matter, to be able to make purchases so easily.  It is costing us way too much!!

It is impossible. You need to set a Credit Card to use Family Sharing. You can restrict how your Kids purchase in the Family Sharing Settings.

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