Thinking about conceiving a bundle of joy (and hair pulling frustration) during SG50? Think about the financial and opportunity costs of raising a child in Singapore first before you proceed. — When it comes to the costs of raising a child until he or she reaches university-going age, multiple blogs, financial websites, and experts have thrown about a variety of numbers. They range from as little as S$190,000 (approximately S$10,000 a year) to as much as S$700,000 (which comes up to about S$38,000 a year). Raising a child is indisputably expensive. According to the former CEO of a financial advisory firm Joseph Chong, it’s more expensive to raise a child in Singapore than it is in the United States – according to him, the difference is S$140,000 and is due to the bugbear of every school-going child, tuition. Based on our own research, raising a child in Singapore can cost ......