The Fed Casher Show
A Consumer Call-In Program
Featuring your host,
Financial decisions can change your lives
Personal finance is our focus!
Call from Amy
in Debt Hollow, Arkansas
“Hello, Fed, love your show. I am 24 and
have been working in my career job for
three years. I’ve heard that saving is
important and that the sooner I start to
save, the better. However, I don’t know
much about it. Can you please help me?”
What is wealth?
Wealth means different things to different
people and is something you have to define
Building Wealth: A beginners guide to
securing your financial future, page 1.
– Write down what wealth means to you.
Principles for building wealth
Budget to save.
Save and invest.
Protect your wealth.
What is a budget?
– An itemized summary of probable income
and expenses for a given period.
Setting financial goals
Establish time frames.
Devise a plan.
Be flexible—goals can change.
How to track expenses
Case study: Building Wealth, page 5.
Track your own expenses for a week.
A Penny Saved
• Read pages 1–8
• Prepare for quiz
A Penny Saved: Quiz
What is meant by ―saving‖?
List three examples given of what people
went without because they did not save.
Why would someone deposit their savings in
a savings account in a bank?
What is the benefit of compound interest to
What is ―the rule of 72‖?
Fed Casher info
Read Building Wealth, page 10.
Call from Jeremy
in Lendon, Nebraska
“Hi, Fed. I am 22, and I get lots of credit
card offers in the mail. I have a good job
and no debt, but I’ve never had a credit
card before. Can you tell me how I can
sort through the offers and try to make a
Applying for credit cards
Refer to your Applying for Credit and
Charge Cards brochure.
Read the section ―What must be disclosed.‖
Comparing credit cards
Refer to your Choosing a Credit Card publication.
Complete the activity on pages 2 and 3 using
information provided by your teacher.
What similarities and differences are there
between and among cards?
Which card would you recommend for Jeremy?
Call from Jamie
in Crisis Living, Alabama
“Whatis a credit report, Fed, and how do I
Get 1 free copy per year from
– Equifax (800-685-1111)
– Experian (888-397-3742
– TransUnion (800-888-4213)
Call from Andy
in Shortchange, Tennessee
“Hello, Fed. First-time caller, long-time
listener. I want to know what I can do to
protect my possessions and myself against
unforeseen losses such as theft, fire, or
Putting it all together
Prepare a written report for the caller
assigned to you.
Summarize the question or problem.
Suggest strategies or steps which can be
taken to answer the question or address the
Refer the caller to additional sources of
information or further reading.