Think our kids can't be responsible with money? Surprising insights from a children's book author

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April is National Financial Literacy Month, dedicated to bringing public awareness to the importance of understanding and using tools surrounding money and investments.

Although financial literacy is an important skill set for adults, teaching kids about handling money responsibly may be a very effective way to curb money problems throughout a lifetime.

Ellen Sabin, author of "The Nickels, Dimes, and Dollars Book: A Wise Kid’s Guide to Money Matters," hopes to empower children to learn about financial fundamentals at a young age. 

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The New York City-based author says she has good reason to dive into this particular topic.

"Adults don’t really know how to talk about these topics, let alone model good behavior for kids," Sabin, who is also the founder of publishing company Watering Can Press, told Fox News Digital in a phone interview.

Sabin's book teaches kids about financial literacy and the importance of understanding money from a young age.  (Ellen Sabin/Watering Can Press)

Parents should start teaching their kids about money at as young as three years of age, behavioral researchers at Cambridge University say.

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Sabin’s book, however, recommends ages 6-11 as a prime time for making kids dollar-wise.

"It’s the best time to teach [children] to form good habits," she said.

Kids in elementary school tend to ask questions about money, so this time can be crucial for children to absorb important information, Sabin said.

Learning about money at a young age has many benefits for children as they grow; it teaches them responsibility and a good work ethic. (iStock)

Kids are naturally curious, and this can work to a parent's advantage, she said.

"I would encourage parents to help children understand the importance of life [and] money choices, and encourage them to make good decisions."

One of the ways parents can do this is by tailoring the discussion of money to kids — and help them see why they should care about the subject.

Ellen Sabin is an author and the founder of Watering Can Press, a New York City-based publishing company. She said parents can use kids' natural curiosity to teach them about money and making wise decisions with it.  (Ellen Sabin)

"They’re not going to be thinking about saving for college or credit cards — [instead], have them pretend they’re a parent and make spending decisions between ‘wants’ and ‘needs’," she recommended. 

Another way parents can help their children learn about the importance of money involves a "show-and-tell" teaching strategy.

"Those life habits could impact a child’s well-being."

Discuss money at the dinner table, for example, or while walking through a grocery store, showing children exactly what they can afford within a certain budget. 

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This allows money to be presented in a positive context and helps kids "be comfortable with it," she said.

Throughout the book, Sabin offers interactive choices for kids, such as drawing their own dollar bill and circling their own important "needs versus wants" on the page.

"Kids enjoy making their own money – or else we wouldn’t have such history of lemonade stands," said author and publisher Ellen Sabin.  (iStock)

Parents should also teach their children about strong, positive work ethics — illuminating for them that working will, in return, bring pay. 

"Kids enjoy making their own money — or else we wouldn’t have such history of lemonade stands," she said. 

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Sabin also recommended teaching children about the power of budgeting. 

The act of choosing what to spend — or not to spend — can be a powerful part of learning about money, she noted.

Ellen Sabin is the author of "The Nickels, Dimes, and Dollars Book: A Wise Kid's Guide to Money Matters." (Ellen Sabin)

"Those life habits could impact a child’s well-being," she also said. 

Sabin's publishing company, Watering Can Press, has developed a variety of kids' books about topics including positive role models, celebrating differences, expanding one’s understanding of the world and overcoming life’s challenges, according to its website.8i 

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The company also offers a guide for teachers and parents on ways to go deeper when teaching children about finances. 

For more information on "The Nickels, Dimes, and Dollars Book: A Wise Kid’s Guide to Money Matters," visit wateringcanpress.com.