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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.
How much does it cost to raise a child (on average)? There's plenty of data around on the cost of living generally, but not so much on the cost of specific things like raising a child. According to the latest figures(pdf) from Liverpool Victoria (LV=) it costs around Â£218,000 to raise a child in the UK. This equates to around Â£10,400 a year, Â£865 a month or Â£28.44 a day. But how does LV= get this total cost?