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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.
To estimate how much it will cost to raise your child, check out the USDA's Cost of Raising a Child calculator.ack then, a middle-income family could have expected to spend $25,230 ($198,560 in 2013 dollars) to raise a child until the age of 18, according to the new report, which also notes that [h]ealth care expenses for a child have doubled as a percentage of total child-rearing costs during that time..