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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.
It can be very expensive to raise a child in the United States. For example, according to one online calculator, it costs almost $200,000 US Dollars (USD) to raise a child from birth to age 18. Other sources estimate the cost at $250,000 USD or more. For parents who put their kids through college, tuition can add as much as $10,000 USD or more to that estimate.