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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.
Consider all the things you would have to shell out for, including education, childcare, food, clothing, holidays, health insurance, toys, pocket money, presents etc. In Britain, an insurance company has just estimated that the average cumulative cost of raising a child from birth to age 21 is Â£196,000 (â¬212,000).There have been few attempts to calculate the average figure for a child in Ireland, but the last known attempt was made by John Geraghty, chief executive of LA Brokers.He estimated in 2002 that it cost an average of â¬120,000 to raise a child from birth to age 18, and that didn't include the costs of going to college.onsider all the things you would have to shell out for, including education, childcare, food, clothing, holidays, health insurance, toys, pocket money, presents etc. In Britain, an insurance company has just estimated that the average cumulative cost of raising a child from birth to age 21 is Â£196,000 (â¬212,000).