Lifestyle Inflation

After a couple of weeks, the sense of passing the test and finally becoming a licensed cytogeneticist scientist still hasn’t hit me yet. Granted, ASCP and California State are taking awhile to process my scores, paperwork and license but with the holidays upon us, I expect the process to take slower than normal, as if the normal pace wasn’t slow enough. As the anticipation for our license runs high, everyone is excited to start getting paid as a CCS.

For now, we don’t know the actual amount we’ll be paid. Rumors have been flying left to right with as little as $29 to as much as $35+. All in all, it’s a nice raise from our lab associate pay. I can’t help but hear how some people are getting grand illusions of being able to purchase grand items to affording luxurious vacations. A term I’ve heard before and that fits this perfectly is “Lifestyle Inflation.”

It’s defined by as “Increasing your spending when your income goes up. Lifestyle inflation tends to continue each time someone gets a raise, making it perpetually difficult to get out of debt, save for retirement or meet other big-picture financial goals. Lifestyle inflation is what causes people to get stuck in the rat race of working just to pay the bills.”

When asked what I’m doing for Black Friday, I told people I was going to stay home and save money. Nearly everyone looks at me with a “Are you kidding??” me look. They keep insisting that I’ll make so much more money once we start getting paid. It seems like I’m the only one that has calculated an approximate of how much we may make and honestly, it’s not a giant increase. I mean, after taxes (ugh x 4), medical, dental, vision, 401k and stocks, it’s not as high as you might think. It should help out with some bills, especially my car payment so that I can definitely pay it off in less than three years. Other than that, I see any increase to just go into car payments or savings accounts with high interest yields. Nothing to splurge on at the moment.

I’m not trying to say that I’m better than all my coworkers. We all have different end goals in life and I just feel like the black sheep among the flock for thinking the way I think. But it is what it is. I just really don’t want to live off paycheck to paycheck. One of my long term goals I had made back when I started working and looked into savings account was to have enough money put away in an account that would last me 1 year. Rent, food, insurance, medical; enough money to last one year in case something happened. Other than that, I would never touch it and just let the interest grow on it.

This is just my little rant that’s been going through my head the last two weeks. I’ve just finally decided to put this up. If any of my friends or coworkers find this, take it as you will. I’m not blaming you or calling you out, I’m just stating my thoughts on how what has been told to me in an open blog post.

All done done DONE!!

Long story, short. I PASSED I PASSED!!!! The feeling of the immense pressure is finally off my shoulder and it really feels like the sun is shining nice and bright. Officially a Certified Cytogeneticist Scientist, well as soon as I get my license in the mail.  So after the test, I battled through traffic to to get to All That Barbeque to celebrate with Jess and of course, we ordered a bottle of soju. Ugh, don’t like that but the food was delicious!