>What fraction of their online time should I sit with them?
Unless they're 5 year old and learning the ropes or asking for it, then none
>Do I play all video games with them or should they have some of "their own"?
If they want to play with you: as much as you want, otherwise none.(I kinda wish I played with my parents honestly, but they never cared)
>Do I give them the ability to do online purchases?
Physical products? Probably yes, but it should go through you to check that the site is not a scam or shady.
Virtual items, crappy lootboxes and predatory subscriptions? Absolutely not.
>Do I allow them to use up all of their money even as a mistake, or do I set up a limit?
Depends on how much money you have.
>Do I limit their "screen time" (hate that term) or will that prevent them from interacting with their friends in the way they would want to?
No, I don't see the point. I spent hours doing programming exercises in freaking notebooks because my parents were soo keen on limiting my screen time. Dozens of arguments because they would take away my consoles. Not worth it.
Also I'm not really in favor of trying to control what your children do, but block TikTok if it still exists in 5 years, some social medias aren't social medias, they're psychological warfare.
Completely agree on all points, but wanna add my thoughts:
About sitting with kids: they'd come to you or at least mention if they found out something interesting anyway.
About budgeting: that's a whole course of it's own to be taught.
I know only 2 good solutions about screen time: you have to set the upper limit with mandatory things to do and can virtually lower it by presenting activities that would be genuinely more interesting than the online ones.
Unless they're 5 year old and learning the ropes or asking for it, then none
>Do I play all video games with them or should they have some of "their own"?
If they want to play with you: as much as you want, otherwise none.(I kinda wish I played with my parents honestly, but they never cared)
>Do I give them the ability to do online purchases?
Physical products? Probably yes, but it should go through you to check that the site is not a scam or shady. Virtual items, crappy lootboxes and predatory subscriptions? Absolutely not.
>Do I allow them to use up all of their money even as a mistake, or do I set up a limit?
Depends on how much money you have.
>Do I limit their "screen time" (hate that term) or will that prevent them from interacting with their friends in the way they would want to?
No, I don't see the point. I spent hours doing programming exercises in freaking notebooks because my parents were soo keen on limiting my screen time. Dozens of arguments because they would take away my consoles. Not worth it.
Also I'm not really in favor of trying to control what your children do, but block TikTok if it still exists in 5 years, some social medias aren't social medias, they're psychological warfare.