Some things I know about money management is that initially, having received pocket money and an allowance from my parents, I never had a very good idea and I don't know the importance of money. in our lives. As a result, I would spend my money without really thinking about it, causing me to run out of money before the week was even over. As I grew up, I began to understand how difficult it was to make money. Like some people had to work an hour just for $5 pay. Then I understood that I had to think before spending my money, sort out my wants and needs and proceed with the spending. If it was a need, I would ask myself if I had enough money or if I could do without it. If it was a need, was it really necessary at that time? Besides that, I also learned how to plan my finances, such as how much I could spend per day. And that involved things like if I wanted to splurge on a particular item, I would have to spend less on other days or start saving day by day. I then learned to set aside savings that might be available when I wanted to get 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 Should Not Be Banned”? Get an Original EssayOf course, at our age we have all learned that there are such things as investments. When we place our money in banks, we receive poor interest in return. But is this what we are satisfied with? I would like to know how to manage my finances better, how to develop a plan that will not only help me save more money, but also allocate my finances for different uses such as healthcare, gifts, etc. So, I would like to know how to better manage money, or even make it grow. After reading things related to money management, I learned that my salary should stretch for various expenses, set goals to achieve some form of financial independence, have a better understanding of Singapore taxation as well as the CPF scheme and plan ahead to avoid excessive spending in the early years. I heard about the taxation in Singapore which is around 0% to 22% on income (income tax rate). This money goes to government and society and is spent on infrastructure, education, recreation, health care and services. Singaporeans may think 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 Denmark and Sweden must return more than half of their income to society and the government. So I don't think the income tax rate in Singapore is high. Tax breaks and reductions are provided to support people saving for retirement and serving national service, as well as to encourage family formation, filial piety and skills improvement. They are also awarded in recognition of individual efforts. Instead of fully compensating taxpayers for certain types of expenses, breaks are provided to promote certain social goals. When someone says something is expensive, it means they are not willing to pay for the item at that price, but if it were cheaper they..