Need sequence for creating family account

I recently purchased an ipod touch for my daughter.  I would like to create a family itunes account so that I am not repurchasing old music.  Currently, my music/iphone information is located on my work computer.  My plan is to transfer all of my itunes/iphone information to my home computer.    How should I sequence?  I know I need to back up my work itunes to an external hard drive to then transfer to home computer.   Can I import into a family itunes from exsiting itunes account? 

I would suggest you set him up his own user account in Mac OS X. That will be a lot less fuss, and you can use the Parental Controls in Mac OS X and iTunes in his account to control what he can access without having to limit your own use.
To give him a dollar limit in the iTunes Store, set him up his own iTunes Store account and either buy him prepaid iTunes cards or gift certificates or set him up an allowance. For more information on these options, see:
http://www.apple.com/itunes/tutorials/#store-giftcertificates
Regards.

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