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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.
Payments in Singapore have been raising consistently since 2006. The average monthly wage was around 2,200 SGD in year 2006. To the year 2012 this wage increased to around 3,500 SGD, what's mean around 30% rise within 6 years.ayments in Singapore have been raising consistently since 2006. The average monthly wage was around 2,200 SGD in year 2006. To the year 2012 this wage increased to around 3,500 SGD, what's mean around 30% rise within 6 years.