Using your tax allowances isn’t just about saving money- it’s about empowering yourself to indulge guilt free. Whichever form that may take, whether it’s capitalising on your ISA contributions or utilising pension allowances, each step you take towards tax efficiency is a rewarding investment in yourself!
Redefining Indulgence
So, when we talk about rewards and indulgence, it means different things to different people. For some, indulgence can mean a huge slab of your favourite chocolate bar (it’s a Galaxy for me!) For others it could be a beach holiday in a far-flung country, picture this: sun on your face, warm sand in your toes and sangria in your hand (sounds like bliss!) It could be those iconic red soled Louboutins that you’ve had your eye on, perhaps a Birkin Bag or some Chanel earrings, or maybe even the idea of indulgence for you means 5 minutes to yourself with a hot cuppa and your feet up.
Investing in Yourself, Guilt-Free
Whatever indulgence means to you we want you to be replicating that feeling you get from indulging when it comes to your taxes…. Because ladies, by indulging yourself in levelling up your tax knowledge, you are rewarding yourself with the gift of financial freedom.
Shifting Mindsets
So often when we think of our finances, we see them as a practical issue that we NEED to address, and haven’t ever truly attributed any feelings towards it, it’s just like a tick list or a to do list that we know we have to take care of.
What if I told you that by switching your mindset surrounding your taxes in particular, you can actually get those feelings that you experience when you are indulging in things that make you feel good?
So instead of viewing your finances and taxes as a chore, something that has to be done, see it as something that you are doing that can make you feel empowered, something that will make you feel great and give you the feeling of being in control.
The Dopamine Effect
Scientists know that our brain releases dopamine when we achieve something, it is known as the reward chemical, the “feel good” chemical.
Our bodies strive for the dopamine hit, we can get this through exercise, shopping, the euphoria of passing an exam or completing a goal, eating your favourite foods, but what often comes afterwards, especially with us as women is feelings of guilt- could be guilt that we polished off the WHOLE tub of ice cream, that we spent too much on an item, that we took too much time out for ourselves it’s a never ending battle!
Beyond Guilt
The psychology behind these things is intertwined in our genetic make-up and our personalities. However, when it comes to taking control of your finances and your financial future, there is no come down, there is no crash afterwards, the buzz of levelling up your knowledge, feeling in control of your taxes, gives you JUST THE SAME feeling as the other things you love to indulge in!
Empowering Women: Your Path to Financial Satisfaction
So, it’s not just for winning a race, standing at the tills in Selfridges, eating a pot of your favourite Ben & Jerrys, it happens when we reach our goals, when we feel empowered and proud of ourselves.
We at Women’s Wealth help you to get YOUR indulgence fixes from your finances, we want to help you get self-satisfaction from your savings!
