Itunes, family share, gift cards help

My son received an iTunes gift card for his birthday (he is 10).
we are on the family share thing & I am the organizer. I pay for everything...
I have to approve to buy his purchases. So I added the iTunes gift card to my account.
And there it sits.
I have approved several of his purchases yet it does not come out of the $50.00 account credit.
The approved purchases are being charged to my credit card that is tied to my account.
How to I fix this? Is it possible? I want it to come out of my iTunes credit of $50.00 not my credit card?
I am starting to assume that there is a different way to have redeemed the iTunes gift card that would of gone directly to his apple ID yet I would still have to/ be able to approve all purchases.
Thanks for you help in advance folks!

Hello Nathan,
Thank you for using Apple Support Communities. 
Here is an article that provides information on purchases and payments within Family Sharing. Particularly notice the sections "Making purchases" and "Approving purchases with Ask to Buy". 
When a family member initiates a new purchase it will be billed directly to your account unless that family member has gift or store credit. First, their store credit will be used to pay the partial or total bill. The remainder will bill to the family organizer's card. 
and
You can turn on Ask to Buy to require approval for purchases initiated by any family member who is under 18 years old.*
Family purchases and payments - Apple Support
Regards,
Jeff D. 

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