Setting Your Lifestyle Ceiling

As we approach the holidays each year, it becomes a wonderful time to spend with family and friends. It also becomes a time to step back, count our blessings, and reflect on how fortunate we are. You might also find that your budget is tighter this time of year, and a little concerned about how that will impact 2016. Let’s take a moment to quiet those concerns, and talk about lifestyle ceilings.

Imagine yourself as a high school senior (which may be painful, depending on how you styled your hair back then), and consider your options for after graduation. College could’ve been an option, but it wouldn’t necessarily have been a guarantee. Chances are, the likelihood of entering the workforce was much higher. Today, it’s pretty much expected that anyone who wants to attend college can. They might end up with student loans, they might have to work their way through it, they might even live at home to save costs, but it’s very much a given.

Budget Your Life - Build Your Lifestyle Ceiling

I want to take a brief moment to wish a very Merry Christmas and a Happy New Year to you and yours from all of us at Kemp & Associates!

As we approach the holidays, it’s both a delightful time to spend with family and friends, and a time to step back, count our blessings and reflect on how fortunate we are. It is also a time when your budget may become slightly tighter. This leads into our next topic, which is the lifestyle ceiling¹. 

My family has been busy helping our oldest son get ready to attend college. It has been a great time to instruct and reflect with him, and it has also given me the opportunity to take a step back and remember what it was like for my wife, Shelley, and I when we attended college. If we go back 25 years when I graduated from high school in 1983, college wasn't a guarantee. If we go back 50 years², college was a luxury to some, maybe even akin to winning the lottery or striking it rich.