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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.
The base rate for a child in our area is around $20/day. If you have 3 foster kids, you're getting an extra $1800/month. I'm sorry, but unless you're doing it wrong (or unless you're BRAND NEW at fostering and don't have anything), kids just don't cost that much.