Monthly Archives: January 2015

Who Manages Your Finances?

Mike is still feeling under the weather today, so it’s my first solo video!

I wanted to talk about, well, that I don’t really know what I’m talking about.

Mike has always been financially minded… me, not so much. I’ve always trusted Mike completely, and that led me to not always ask about what was going on with our money.

When we started making our YouTube channel about finance, I was a little nervous since I didn’t know what I would be talking about. So I started researching and reading and asking Mike the questions I might have been too embarrassed to ask before.

This brought up the question of whether it’s OK for one spouse to be in control of the finances?

For us, Mike enjoys all the personal finance stuff, so why not let him take care of it?

I think it’s OK for one spouse to be in control, but it’s important for the other person to still know what’s going on. (We talked about this in our Joint vs. Separate Bank Accounts video)

I came up with a few questions to ask to get started:

How much money do we save a month?
Are we in debt?
Do we have an emergency fund?
Where are our bank accounts?

In the video I answer those questions, and throw in a few more in depth questions. Asking these helped me to know exactly how much we save and why.

Adapting “The Greatest Army Invention Ever” for Home Use

I recently discovered the P-38 can opener (sometimes called the John Wayne). Issued by the US Military for over 40 years, it was never known to break, rust, or need sharpening. It’s now found in many prepper’s survival kits.

What’s most interesting, is despite it’s sterling reputation, it went from conception to manufacturing in a total of 30 days in 1942. They were intended to be disposable.

In the video I make my own DIY P-38/P-51 can opener and add an oak handle for leverage. Yes, I know they made millions of them and are available for less than a dollar.

Fitting in Is the Hard Part

How could someone making $60k a year can say living on 50% of their income is impossible, yet there are many people who earn far less than that. We think it’s because fitting in is the hard part.

We discuss a few reasons why being frugal doesn’t mean you’re an outcast, as well as our weaknesses in fitting in.