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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.
More than 1100 of the bank's savers have set 'baby' or 'education' as a savings goal so far this year. Raising a child from birth to 17 years in the UK costs an average of Â£307,083.10, according to NatWestâs new Cost of Raising a Child Calculator.he tool is divided into four sections: the cost of raising a baby from 0 â 12 months old, a toddler (1- 3 years), a child (4 â 12 years) and a teenager (13 â 17 years).