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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.
If you have two children, it will theoretically cost you about $22,000 USD per year to raise them, and so on. However, keep in mind that the first 11 or 12 years of each childâs life will most likely be more expensive than the teen years, because daycare expenses usually go away at age 12.