The Federal Reserve is raising interest rates. To explore what it means for you, Sean kicks off this episode with a roundtable discussion about how the rate hike could affect mortgages, day-to-day finances and credit cards.

Then Sean and Liz answer a listener’s question about how making family members (or friends, for that matter) authorized users on your credit cards can help them boost their credit.

To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email podcast@nerdwallet.com.

Timestamps:

This Week in Your Money segment: 0:00 - 13:49

Money Question segment: 13:50 - 26:30

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The Fed Interest Rate Hike, and What’s a Credit Card Authorized User?