Microsoft has released a new update for the Xbox Family Settings App, adding a new "Spending" option that allows you to manage your child's budget for purchasing content on Xbox One and Xbox Series X|S.
The Xbox Family Settings App already had a fair few features for controlling the way your child uses their Xbox Series X|S or Xbox One console. Parents can restrict playtime hours, limit which games they can play, and more. Now, a new feature has arrived that will give your children the freedom to spend money how they'd like to — as long as they have mom and dad's permission.
How the Xbox Family Settings App Helps You Manage Your Kid's Spending
The Xbox Family Settings App has added three new features today, all of which are centered on managing how your child spends their money: spending limits, Ask to Buy, and spending history.
Spending limits are exactly what it sounds like: you can add a specific amount of money to your child's account. This feature was introduced after a number of parents requested the ability to reward their children through the app with spending money. You'll be able to see how your kids spend this money, too, with the ability to view their account balance and spending history. It's important to note, however, that adding money in this fashion is nonrefundable.
What happens if your kid runs out of money, though? That's where the "Ask to Buy" feature comes in, also revealed in today's announcement. If your child wants to make a purchase but they're short on funds, the Ask to Buy feature will alert a parent about the issue. You'll then have the option to make the purchase for them or add more funds to their account.
These new features will certainly help parents avoid any nasty surprises on their next credit card statement. You can learn more about the Xbox Family Settings App (and download it for both iOS and Android) via its official website.
What do you think of the new features launching for the Xbox Family Settings App? How much would you feel comfortable giving your children to spend on games? Let us know in the comments below!