Google Wallet is introducing a new way for parents to help their kids manage money.

Also: Google Wallet now alerts you to loyalty card benefits you're missing out on

Rolling out over the next few weeks, Google says, your kids can use Google Wallet on Android to securely tap to pay at stores and access supported passes like event tickets, library cards, and gift cards. This means your child can have access to the money they need through their phone or watch without having to worry about carrying (and losing) a debit or credit card.

Parents can see spending and manage cards

For parents, it adds the ability to easily see where your child is spending money and to avoid the hassle of sending cash with your child -- which is quickly becoming obsolete anyway, with many theme parks, movie theaters, and other kid-friendly places only accepting cards.

Using the Google Family Link app, parents can manage available cards, track purchases, and even receive email alerts for transactions.

Also: Google Family Link now limits who can contact your child's device

Cards can only be added with parental consent (the process takes just a few minutes), Google says, and parents can easily track recent purchases. Children will only be able to make purchases in-store, not online or across any other Google service. Like the standard Google Wallet, authentication methods such as fingerprint, facial recognition, PIN, or passwords apply.

Limits

At least in the press release, Google didn't mention the ability to set spending limits, so it seems like this is potentially unlimited spending on whatever card you have attached. Lots of cards offer their own limits, though, so it seems like a feasible workaround would be to only attach a card with whatever spending limit you choose.

Also: You can use your passport in Google Wallet now - but not as your actual passport

A child can create their own Google account at 13 years old without adult supervision, but the current age limit for regular Google Wallet is 16 years old, making this a great option for kids who need to spend money with friends or on school trips.

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