December 2015 Debt Report

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december 2015 debt report

What are Debt Reports?

Hello! If you’re new to my blog, I write a detailed report each month of how much debt I’ve been able to pay off. I show you exactly how much each loan balance has gone down and where my total debt stands. I do this to give you a real life example of how you can go about paying off your debts, and show you that it is possible and you’re not alone.

This is all here to help you see my progress, good and bad. Here are all of the previous debt reports if you’re interested in seeing them.

I am definitely one of the people who learns by seeing examples, so I wanted to give people the option of seeing a genuine example of how a regular 28-year-old is getting their act together.

You can download my free template to create your own Debt Report.


The Debt.

Student Loan @ 3.0% interest – $32,104.40 (-$741.66)


Progress Since the Beginning

debt tracker 2015

I’ve paid off almost $31k….I still can’t believe it. I’m getting closer to that halfway mark! 🙂

If you have any questions about creating your own debt report, I’ve set up a system to make it easy for you to create your own, and keep track of your progress.


This year was my first full year of really digging in and trying to get rid of my student loans. I paid off $19,806 in 2015, compared to the $11k I got rid of in 2014. I am definitely happy about that progress.

My initial plan when I started the blog was to have everything paid off by September of 2017. For me to stay on that path, I’d need to put $1,600 a month towards my student loans. At this point, I just don’t have the income to keep that up. I’m going to try and make some extra money to keep payments higher than usual, but in 2016 I just want to focus on doing my best as opposed to getting down on myself about it. 

Changes in life happen when you least expect it. Unplanned events take place that throw off even the most seemingly solid “plan” we had for our lives. So, I’m coming up with a new “taking life into account” plan: pay off as much as I can comfortably put towards my loans, and let that payoff date come when it may. 

If I put my normal $800-some dollars each money towards loans, I will have them paid off sometime in 2019 – and that is perfectly fine with me. 

Have you ever had something similar happen? How did you handle it?

Download the free template to
Create Your Own Debt Report!

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I am Chenell Tull and so far, I've had a pretty rough time with my student loan debt. Recently, I've figured out a more productive "get out of debt" plan and the goal is to pay off over $60k in just 36 months. If you want to learn more, subscribe to the mailing list and get FREE updates on my successes and failures on this journey out of debt. 

  • This is awesome Chenell! You’ll be debt free in no time!

    • Thanks Vic! I appreciate it – I can’t wait to watch that number get close to zero 🙂

  • Jaymee

    Yes! I definitely hear you about having a “set minimum amount” you want to put towards debt every month but also dealing with what’s actually reasonable to put towards debt.

    I just pay however much I can without going into the negative and move on – no point beating myself up over it and my debt is that much smaller going into the next month. I really just need to take it easier on myself sometimes 😛

    • That is exactly my new strategy, so I’m glad to hear it’s working out for you! 🙂 Thanks, Jaymee!

  • Balance is a great way to do it because just paying down debt gets old real fast. Chenell your killing it and before you know it you will be at zero.

    • I went strong for almost two years just paying down debt, so I am going to welcome the slightly slower pace and enjoying the ride 🙂 Thanks for the encouragement!

  • I just came across your blog and was floored by this post – $30K in less than 2 years is amazing! Keep up the good work, and I look forward to tracking your progress through future posts.

    • Thank you! I appreciate the kind words. Not sure I’ll be able to keep up that pace for the next two years, but time will tell! 🙂