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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 cost of raising a child to the age of 21 has soared to Â£222,458, with parents paying 58% more than a decade ago, according to a study published today. The annual 'cost of a child: from cradle to college' report by insurer LV= found that the average cost is up by more than Â£4,000 since last year.