18% of Americans Believe They Will Never Be Debt Free

As you may know if you are a long term reader of my blog, you know I highly value being debt-free. I paid off my student loans and though I currently have a car loan, I’m looking forward to being debt free again. I also strongly believe I will one day own a home and be debt free as well. As it turns out, there are a lot of people who do not share my opinion.

Will Your Debt Last Forever?

According to the new CreditCards.com report conducted during the first week of December:

A new survey, conducted by CreditCards.com asks Americans when they expect to get out of debt; 18 percent of those in debt say

  • In fact, 18 percent of those already in debt expect to take their loans to the grave. That’s double the 9 percent who expressed that pessimistic view the last time CreditCards.com asked the question in May 2013. This time around, another 11 percent don’t expect to get out of debt until they’re at least in their 70s.
  • The average age people expect to achieve freedom from debt is 53, the same age as in 2013.
  • Among all Americans — including both those who already owe money and those who currently are debt free — 13 percent say they will “never” pay off all their loans and get in the clear. Now add in another 8 percent who don’t see themselves paying off their loans until they are at least 71 years old, and you begin to sketch a future in which more than one of every five Americans expects to struggle throughout his or her adult life to dig out of debt.

Those numbers are crazy! 13 percent of people expect they will never pay off all their debt?

It seems that Americans think it is more difficult these days to get rid of debt. Even those who responded positively about getting out of debt thought it would take longer to do so, expecting to be debt free at 53 with 43 percent of people expecting to remain in debt until at 61 or longer.

The holiday season is a rough time to take this poll as many people are increasing their debt right now buying holiday presents and overspending.

 

Of course this is just a sample study and the majority of us believe we can and will be debt free at some point. That is encouraging. There are also signs in the economy that will lead to debt being paid down like lower gas prices and low interest rates for mortgages.

Tips For Paying Down Debt

If you are in debt, you can get out of it. It doesn’t have to last forever. Here are a few ways you can pay down and eventually eliminate your debt:

Following these tips and working hard to pay off your debt will yield a lot of positive results in your life. Don’t just accept the idea that you have to be in debt forever. Work to make yourself debt free!

Cool Secret Safes to Store Your Valuables

Lately I’ve been spending a lot of time on Amazon searching for cool products. It’s my favorite way to shop for cheap Christmas gifts without the hassle of going to the store. The theme of gifts this year for my partner is preparation. I’ve bought things like a first aid kit, knife sharpener, and multi-tool. During my shopping safes were recommended and I realized it was also a great gift for someone who wants to be prepared!

I really enjoyed looking through cool secret safes so today I decided to share my favorite super cool diversion safes. Diversion safes hide your valuables in plain sight. Since an average burglar only spends 8 minutes in a home, these safes protect your valuables by hiding them in places that won’t be investigated. It’s a unique home-security product that makes sure you are prepared in case the unthinkable happens.

Cool Secret Safes To Store Your Valuables

If you need a secret place to stash your cash or other valuables then you might want to look into one of these awesome diversion safes!

Dictionary Diversion Book Safe with Key Lock

traditional home dictionary diversion book safe

This safe is built to look like a real dictionary. A book safe is an old school trick but it’s very effective since few people are going to rifle through your bookshelf looking for money and valuables. This dictionary book safe blends seamlessly into the bookshelf but contains a metal safe with a key lock. It comes with two keys so you’ll be able to access the safe easily. The inside storage area measures 2 x 5.625 inches.

Get the safe: Trademark Home Dictionary Diversion Book Safe with Key Lock, Metal

Aquafina Water Bottle Diversion Stash Safe

Aquafina Water Bottle Diversion Stash Safe

This safe is pretty genius. No one is going to think to look at a water bottle twice when searching for money or valuables. This is also just a great idea for keeping things from other people in your home… as long as they don’t pick up trash and clutter throughout the house.

Get the safe: Aquafina Water Bottle Diversion Stash Safe

Clorox Bleach Diversion Safe

clorox bleach diversion safe for valuables

Another great diversion safe because no one ever thinks a clorox bottle is important! This one is even better because there is little chance it will even be picked up or moved by anyone. It will keep your small valuables safely hidden away from thieves and others. this safe is made from an actual clorox bleach container so it blends in seamlessly with all your other household goods. Simply put it under your sink or near your washing machine with other detergents and chemicals.

Get the safe: Clorox Bleach Diversion Safe

Hidden Wall Outlet Safe

Hidden Wall Outlet Safe

Hide money, jewelry and more inside this wall outlet hidden safe. It looks like and actual wall outlet so no one would ever think to look to steal your valuables here. Comes with mounting hardware and keys. The hidden compartment will easily hold money and jewelry and super small valuable items.

Get the safe: Meridian Point Hidden Wall Outlet Safe

Doctor Who Tardis Smart Safe

dr who tardis smart safe for valuables

This diversion safe is a smart safe that is activated by your smartphone. You simply put your phone in the slot and dial your secret password to unlock it and reach your valuables. It looks fun and easy to use and is compatible with iPhone 3, 4, 4S, 5, Android phones and iTouch. The Tardis shape and theme makes it the perfect fit for any nerdy household where it will fit right in.

Get the safe: Underground Toys Doctor Who Tardis Smart Safe

Hanging Closet / Locker Organizer & Security Safe

hanging closet safe

Looks like a regular tank top made of cotton but contains hidden pockets to keep your valuables safe. This clever diversion safe would work really well for me or any girl. I could squeeze it into my already overstuffed closet and no one would be the wiser! I doubt anyone is going to rifle through my stuffed closet any time soon to find money or valuables.

Get the safe: Hanging Closet / Locker Organizer & Security Safe

Coin Secret Compartment Diversion Safe

Covert Coins are expertly precision hand-machined from actual coins to create a secret interior compartment where you can store your most valuable small possession. These coins can be handled normally and won’t open making them the perfect place to store things.

Get the safe: Covert Spy Coin – Secret Compartment Diversion Safe

Amazing Stash Pen Diversion Safe

This Stash Pen allows you to hide money and prescription drugs in a place no one would think to look. Since it’s a fully functional pen it wouldn’t appear to be anything more to an outsider, but when you unscrew the top you reveal a hidden compartment with a removable vial. You can store prescription drugs in the vial or remove it to insert rolled up cash. It’s a super discrete diversion safe.

Get the safe: Amazing Stash Pen Diversion Safe

Using A Diversion Safe

These are all great option for safes to keep in your home to protect your valuables and money. Having a diversion safe or two in your house is a great idea to protect valuables or keep money out of sight in case of an emergency or burglary. While you might not plan to ever have this happen to you, remember that it can happen to anyone in any neighborhood. Be prepared!

Frugal Entertainment Ideas To Spend Less To Entertain Yourself

In the last few months I’ve drastically cut back my spending on entertainment and frivolous purchases. I hit a point where thanks to unemployment, I realized I had to cut back to make any major progress on my emergency fund and long term savings. At first it felt really strange to not shop as often or buy things when I felt like it, but I’ve adjusted and totally love this new frugal lifestyle!

The biggest hurdle I had to overcome was how to entertain myself on the cheap. In the past I’ve spent $100+ on a night out with dinner, drinking, and other activities that cost a lot of money. I’d also go shopping for fun when I didn’t have anything else to do for a couple hours. Most of my entertainment options in the past cost me a ton of disposable income!

Now I spend most of my time doing very frugal or cheap activities. I also invest in items that will be fun for years and cost very little in the long term. It turns out that there are plenty of ways to have a lot of fun without spending a lot of money.

Frugal Entertainment Ideas

Here are some examples of frugal entertainment options that I use and you might want to try!

  • Go for a hike. Nature is amazing and free. Even if you aren’t in a mountainous area you probably have a park with at least rolling hills (we do and I live in a flat area!).
  • Go out and enjoy nature for a few hours and get exercise. Bring a friend or your dog for company.
  • Go to the library. A library card is so useful for frugal fun! You can check out books, DVDs, music, etc. A good book can keep you entertained for hours at no cost.
  • Visit a park. You probably live near a park and don’t utilize it. Visit your local park and take advantage of what is there. Parks around here offer playgrounds, fitness equipment, sports fields, and more. There is always something free and fun to do there.
  • Host a game night. Game nights with friends are super fun and cheap. Have everyone bring their favorite game and make it BYOB so everyone can enjoy what they want to drink or eat.
  • Host a potluck. Similar to the game night, host a dinner where everyone you invite brings a dish. It’s a low cost way to have a really fun evening and delicious dinner.
  • Volunteer at events. You can get into a lot of events and festivals for free just by offering to volunteer for a few hours. Work then enjoy the festivities.
  • Go to museum free days. The museums in most major cities have free days or free hours where locals can come in for free. These are a frugal way to experience the culture and history in your city.
  • Go to free concerts. If you live in a city with any type of music scene, then there will often be free concerts happening. My city has a free summer concert series and there are lots of other free concerts throughout the year.
  • Watch free things online. Between free shows on Hulu and Ulive plus a million things to watch on YouTube, you can be entertained for free for days if you simply plug in and search for things to watch online.
  • Visit the zoo on free day. Zoos always have a free day or afternoon for locals. Our local zoo is super fun to visit on the free day and is a family tradition.
  • Find things to do without money. There are literally hundreds of things you can do without spending money. Here are 50 things to do without spending money to get you started.

things to do instead of spending money

Those are just a few of the super frugal ways I like to entertain myself around my city. It turns out there is a lot you can do that is active, social, and fun without spending a lot of money. Sure it’s nice to spend a ton on a night out now and again, but it’s totally not necessary to have a fun time!