https://www.playstation.com/network/family

Watch this short video and learn how to setup Family Management on your PS4 from the start. Learn how to set up yourself up as a Family Manager, share parental controls with assigned adults, and create child accounts to enforce time limits and purchase restrictions for your children.

Check out this article to learn more about Family Management and Parental Controls on PS4 systems:
https://support.playstation.com/s/article/PS4-Parental-Controls?language=en_US

Source: Playstation YouTube
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