NEW YORK (PIX11) — It’s never too early to teach children valuable lessons about financial literacy.

Author Ty Allan Jackson, creator of the “Danny Dollar” character, joined New York Living on Monday to answer kids’ questions about money and saving.

“Everyone knows [at] 5-, 6-, 7-years-old money matters and money’s important,” said Jackson. “Taking the steps to actually save it, that’s the trick.”

Watch the full segment in the video player above.