iOS 8 Family Sharing Explained: Share Purchases Between Family Members →
Another great article from the folks over at MacStories.
I'm really tempted to enable this feature right away, but the lack of sharing for In-App Purchases might be a show-stopper for now. Currently, we all share a single Apple ID on the household iOS devices, but it would be great if I could give the kids their own Apple ID's. I could let them do their own thing, and it would ask me to approve any purchases. I think I'll wait a little longer to see how it progresses. If In-App Purchases are included for apps like 1Password and Overcast, then it's a no brainer for me.