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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.
senior fellow at the Fraser Institute and professor of economics at Nippissing University. Prevailing estimates on how much it costs to raise a child in Canada and the United States are currently between $10,000 and $15,000 per year, the report says.enior fellow at the Fraser Institute and professor of economics at Nippissing University. Prevailing estimates on how much it costs to raise a child in Canada and the United States are currently between $10,000 and $15,000 per year, the report says.