Savings

For many people, their appreciation (or perhaps that should be grudging understanding?) of tax is often limited to how much tax is deducted from their hard-earned wages when they get paid. They consider tax to be complicated and dull and taking an interest in tax can be seen as something only high earners, the wealthy or the self-employed really need to concern themselves with.

But the reality is that understanding tax is important as it affects us all, regardless of how much we earn or how much money we have.

Why is it that some people find money easy to deal with, regardless of how much they have, whereas for others it is a cause of stress and anxiety? Your relationship with money will be determined by the feelings and thoughts you have from your life experiences. It’s not simply about whether there was enough money in your household as you grew up though. If that were the case, people from poor backgrounds would always be bad with money, and the wealthy would always be good, which simply isn’t true.

At the beginning of the year many people take the opportunity to make changes. Some decide to adopt a healthier lifestyle; losing weight, stopping smoking, or reducing the amount of meat they eat. Others see the start of a new year as the motivation they need to look for a new job, start a new hobby or even move house.