Some things I know about money management are that initially, having received pocket money and allowance from my parents, I never had a very clear idea and I don't know the importance of money in our lives. Therefore, I spent my money without thinking about it, which caused me to run out of money even before the end of the week. As I grew up, I started to learn how difficult it was to earn money. For example, some people had to work one hour for only $5 pay. Then I realized that I should have thought before spending my money to solve my wants and needs and proceed to spend the money. If it were a need, I would consider whether I had enough money or could do without it. If it was a necessity, it was really necessary at that moment. Besides that, I also learned to start planning my finances, such as how much I might spend per day. And it involved things like if I wanted to splurge on a particular item, I should spend less on other days or start saving day by day. Then I discovered that I had some savings to put aside that could be there when I wanted to achieve something. It all comes down to financial planning and managing my money. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an Original Essay Of course, at our age, we have all learned that there are such things as investments. When we deposit our money in the bank, we get mediocre interest in return. But is this what we are satisfied with? I would like to know how to manage my finances better, how to come up with a plan that will not only help me save more money, but also divide my finances for different uses such as healthcare, gifts, etc. Therefore, I would like to know how to manage money better to make that money grow. After reading things related to money management, I learned that my salary should cover various expenses, set some goals to achieve some form of financial independence, have a clearer understanding of Singapore taxation and the CPF system, and plan ahead to avoid excessive expenses in the first years. I learned about taxation in Singapore which varies from around 0% to 22% on income (income tax assess). This money goes to government and society and is spent on infrastructure, education, recreation, healthcare and services. Singaporeans may think that our income tax rate is high at 22%. However, if we compare our income tax rate to that of Denmark or Sweden, for example, 22% is really nothing. Denmark and Sweden have an income tax of 60.4% and 56.4% respectively, meaning that both Denmark and Sweden have to return more than half of their income to society and the government. So I don't think Singapore's income tax rate is high. Tax relief and reductions are given to support individuals saving for retirement and serving in national service, as well as encouraging family formation, filial piety and skills improvement. They are also given in recognition of individual efforts. Instead of fully compensating taxpayers for certain types of expenses, relief is given to promote certain social goals. When someone says that something is expensive, it means that that person is not willing to pay for the item at that price, however if it were cheaper, that person would definitely buy it. Taxes are most likely to increase due to the aging population and low birth rate in Singapore. A lower birth rate and a.