Personal Finance
How Much Does It Cost in Detail to Raise a Child in Singapore for Low, Middle and High Income Households
By Rolf Suey - Invest in Yourself  •  June 25, 2020
Singapore is one of the most expensive countries in the world to raise a child. Even, my foreign expat friends who stay here in Singapore complain about the high living costs. I have several children myself, aside from those I supported in overseas. Recently I became curious on the costs of raising a child in Singapore, starting from the day of pregnancy until when the child finishes his or her Tertiary education. I conducted my research online and some mentioned SGD285K while others said 650 to 700K. I am not very convinced with the figures which I felt it was either too low or too high for middle income household. So I did my own detail calculations. In the following, you can find tables showing detail figures of raising a child in Singapore in different stages. I also provide comparisons of costs for both the lower and higher cost range,...
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By Rolf Suey - Invest in Yourself
I am a Singaporean, born in the late 1970s experiencing mid-life career crisis at time of writing this blog. One reason to start blogging at an older age, is to break my own comfort zone. While it can be considered late, it is "Better Late Than Never" ...
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