March 2015 Debt Report

march 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. There are a lot of generic plans out there that may work, but they never really break down exactly what is being done in real time. Here are all of the previous debt reports if you’re interested in seeing them,

After all of the research I’ve done, I can tell you that I am definitely one of the people who learns by seeing examples, not just by hearing generic directions that then leave you hanging to figure out the rest. So I wanted to give people the option of seeing a genuine example of how a regular 26 year old is getting their act together. 

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

Thanks for showing up here to check out my wins – and losses. Here goes!  



The Numbers, plain and simple.


Student Loan @ 6.5% interest – $2,393.52 (-$1,646.82)

Student Loan @ 3.0% interest – $37137.62 (-$118.21)

Car Loan @ 2.99% interest – $2,249.55 (-$186.20)

Sears Loan @ 0% interest – $977.75 (-$53.00) <—-Woohooo under $1,000!

Furniture Loan @ 0% interest – $4,611.87 (-$132.31)

That means that this month I paid off $2,136.60 & my total debt is now $47,370.31! This was the second most I’ve ever been able to pay in one month, aside from June of 2014.

This month, I received an annual bonus from my job and was able to put most of it towards my higher interest loan (the one I’m attacking). 


Progress Since the Beginning of BrightCents

march debt report image

The site has officially been up for a year. And I’ve officially crossed the $15,000 mark! I was so excited I even had to draw that ugly arrow on the chart so you didn’t miss that number. 🙂 $15,615 paid off in 12 months. Woohoo!

I realize I’m a bit behind in wanting to have my loans paid off in 25 more months. Eeek! I better start figuring out some ways to make income on the side. 

I plan to put my tax return towards that loan as well so I can have it almost paid off. Then comes the big monster of a loan – $37k won’t be easy to pay off but I’m going to do my best.



ICYMI – In Case You Missed It

In case you’ve missed them, here are the stories that went live on BrightCents this month: sam lustgartenHave you ever had that feeling that you were being judged about something you thought was totally normal? Sam Lustgarten shares his story of having what seemed like a completely normal conversation turn into one that shattered  all of his previous thoughts about the debt he was in.

Check out the interview with Sam Lustgarten, who paid off almost $40,000 in student loans in under 2 years.  



34 tips to get out of debt like a proIn March, I was able to gather the best get out of debt tips from various people around the financial community. These included financial planners, lawyers, people who have successfully paid off debt, and even Dave Ramsey’s daughter. 🙂 Check out the tips from this wide range of people, and you can see just how similar a lot of their tips are here.

bobby hoyt


This month I was also able to get Bobby Hoyt from Millennial Money Man to agree to an interview about his debt payoff story. Ever wanted something so bad you didn’t buy a new pair of shoes for 3 years? Yea…I didn’t think so. But Bobby was determined to get out of student loan debt ASAP, so that’s exactly what he did.


If you have any questions about creating your own debt report, please feel free to contact me. Otherwise, I’ve set up a system to make it easy for you to create your own, so you can stop looking in the rearview mirror and start moving forward. 

>> Download my 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. 

  • Amy

    Congratulations on your impressive progress!!

  • dedicate

    I make that 13 months, not 12, but regardless that’s still amazing proress… well done! Do you have a date/target that you aspire to when you’ll have it all paid off?

    • Thanks! I’m hoping to have it all paid off by September of 2017, my 30th birthday. Gonna have to start implementing some crazy strategies to meet that goal haha!

  • Adi

    Some really impressive progress Chenell, congratulations. What are your plans after 2017? Do you think you’ll carry on with the habits you’ve developed?

    • Thanks, Adi! I will absolutely keep up the habits I’ve developed. Only moving forward from here! 🙂