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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.
Overall the basic cost of raising a child in the UK from birth to the age of 21 has increased to by 63 per cent since 2003, when the survey was first carried out, to Â£229,251 at present.It has risen by just under Â£2,000 in the last year alone, almost twice the current rate of inflation.arents face bills of almost a quarter of a million pounds to raise just one child to the age of 21, new research shows. Surging childcare fees and expenses linked to education mean the basic cost of bringing up a child in the UK has risen 50 per cent faster than inflation over more than a decade.