According to research, fifty years and two months is the average age at which Britons manage to free themselves from debt. Yes, totally debt free.

I am a 37 year-old work-at-home mom loaded with $40,000 credit card debts, $32,000 car loan and $90,000 home loan. I wonder if I can be totally debt free when I reach 50 years old.

If my online affiliate stores and blogs perform well, I have confidence I can pay off credit card debts, car loan and home loan in a few years’ time.

Some friends ask me to check out franchise opportunities. No lah. Not now. I want to concentrate on my affiliate stores and blogs to make money online.

I still want to write one more post to vent out my anger on Streamyx. You see, Malaysians call Streamyx — Screamyx. Streamyx’s lousy broadband service really makes you screaaaaaaaam.

Imagine if you have tons of pending reviews to be completed in a few hours’ time and you can’t get to the networks online! I bet you will screaaaaaaam like I do now.

I depend on my online income to pay my expenses, home mortgage, car loan and credit card debt, therefore my internet connection must be up all the time. Not being able to write more reviews on credit card solutions or Tahitian pearls will definitely affect my income.

I am sure that many working mamas are like me — deeply in credit card debt. Of course, there are also lots of working mamas who are debt free. Congratulations! You are debt free.

I wish I could be like you, leading debt free life. I guess it’s going to take me 3 to 5 years to be debt free. Free from credit card debts, personal loans, bank overdraft, home mortgage loan and car loan.

For the time being, I have to keep on comparing prices to find the best priced household appliance; best bargain for grocery; and the deepest discount on best acne treatment, personal care products and other daily necessities.

Due to my credit card debts, I have learned to do budgeting. Like most working mamas, I was scared of doing budgeting and tried to stay away from learning how to budget.

However, I must learn to do budgeting if I want to pay off my credit card debt fast. Besides knowing how to budget, I have also got to deal with my savings accounts, checking account, home mortgage, car loan and credit cards better if compared to last time.

I didn’t bother to know where my money went to or how to budget before my debt reduction. But now I know where my money goes to and what I should do to cut down unnecessary expenses.

Should You Consider Debt Consolidation?

The answer to this question is different for everyone. It simply depends on your current financial situation.

A debt consolidation loan could be helpful if you are burdened with credit cards that have large balances, or if you have a number of high interest installment loans such as student loans, car loan or home loan. This will allow you to roll this high interest debt into one manageable payment.

Debt consolidation can lower your monthly bills, and save you a great deal of money over time. By consolidating your debt, you may even be able to reduce your debt faster.

If you have an easier time making your payments, you can avoid late fees, extra charges, and the bad credit that will inevitably result when you can’t afford to pay regular bills.

If you are trying to decide whether or not debt consolidation can help you save money, you should seek the advice of a debt consolidator. A professional debt consolidator will be able to discuss your options, and can help you to decide which debt reduction plan will work best for you.

Check out Delray Credit Counseling — A non-profit organization that focuses on financial education and Debt Consolidation services. It also offers a lot of articles and educational resources to help consumers stay out of debt.