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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 is different from the Average Spending on a child (USDA chart below) which is influenced by income. The USDA charts are based on a birth in 2011.ccording to Globalissues.org, Almost half the world â over three billion people â live on less than $2.50 a day.. This statistic includes children. Based on UNICEF statistics, in developing countries the cost is roughly US$ 900 for raising a child for a year, and US$16,200 for raising a child from birth to age 17.