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Because according to our calculations, it will cost at least SGD $340,000 to raise one child in Singapore from infancy to 21 years of age.arents like marketing manager J Lim, 33, says she typically spends $600 per month on her 20-month old son and puts away $500 monthly into his education fund. She hopes that the fund will accumulate at least $108,000 by the time he turns 18 and in need of the money for his university education.
Â£300 a month... the cost of raising a child: Parents spend Â£67,000 on essentials by time offspring reach 18. Parents spend more than Â£300 a month just keeping a child in essentials, according to a new study. The bill for clothes, food, transport and other vital expenses is, on average, Â£3,700 a year. It means parents would have stumped up about Â£67,000 by the time a child reaches 18.