Having kids is expensive. According to NUS economists in 2018, the cost to raise a child in Singapore is estimated to be between S$280,000 and S$560,000, depending on household income.

Yet, as many parents can attest, you can’t put a price on the joys of watching your child grow up.

If you’re ready to have a baby, this article is for you. We put together how much it will cost to raise a child in Singapore, and how you can plan and manage your finances to meet these needs.

Pregnancy to birth

The financial responsibilities start even before your baby is here! The usual cost components for most parents include prenatal check-ups, delivery costs (vaginal or C-section), pregnancy supplements, maternity wear and impulse purchases of cute baby beanies.

On average, this might come up to $5,000 to $15,000, mainly based on whether you choose to have your baby in a private or public hospital.