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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.
Average cost of raising a child in UK Â£230,000. Cost of childcare could be shaping the population as parents rule out second child and take on extra work or cut back on toys to reduce costs. Parents 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.