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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.
Raising a kid isnât cheap, and a new report has detailed just how much it costs to raise a child from birth through age 17. Parents can expect to spend around $13,000 a year per child, according to a report released Monday by the Department of Agriculture. By the time kids are 17, parents will be looking at a total tab of nearly a quarter of a million dollars.