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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.
1 Average cost of raising a child from birth up until the age of 11 is Â£83,627. 2  Childcare costs on average Â£41,139, study by Halifax of 1,000 parents found. 3  Parents spend Â£633 per month on their children-amounting to Â£7,600 a year.4  First year of a child's life the 'most expensive' for parents who spend Â£8,500.he average cost of raising a child to secondary school age is Â£84,000, with half of the money being spent on childcare, according to new figures.