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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.
New parents, you might want to look away. The USDA just released its estimate of what it will cost to raise a child born in 2012 until the age of 18. The grand total: $241,080 (or $301,970, taking inflation into account), which is 2.6 percent higher than the number from last year's report.