How Much Does It Costs to Raise a Baby Till Tehre 18
Past now, most of u.s. parents should already know that it can be very expensive to raise a child in Singapore. Despite the government providing an all-encompassing range of kid subsidies that amount to more $150,000 per child, parents should still expect to spend a significant corporeality of coin on their kids.
In this commodity, we will particular the various costs we can wait to incur as we heighten a child in Singapore.
Read Also: How Much The Regime Spends On Each Singaporean Kid Until They Enter The Working Earth.
How much we spend to raise a child in Singapore can vary significantly. Like to the price of living we incur as an developed, the lifestyle choices and education options that we choose tin can substantially increase the toll of raising a child in Singapore. For instance, if we want to bring our kids on almanac vacation trips, take expensive enrichment classes or attend international pre-schools, our costs will increase significantly.
In this article, we strive to include kid-related expenses that are typically deemed necessary or difficult to avert. The calculations are based on our bourgeois estimates.
Stage 0: Pregnancy-Related Cost
Before our little ane joins us, there is already pregnancy-related price to bear. Depending on whether we choose to become public or private, nosotros can wait to spend anywhere between $v,000 to $15,000 to deliver our baby.
For case, in KK Women's and Children's Infirmary, the median neb size for Course A ward (Vaginal Delivery) is $5,110. If nosotros deliver in Mount Alvernia a 1-bedded ward (via Caesarean Commitment), the median beak size is $12,415.
The government provides a baby bonus cash gift that is between $8,000 to $ten,000. While this corporeality is given out over 18 months, they practice offset pregnancy-related costs that nosotros incur to an extent.
You can detect out more nigh the cost of delivering a baby in Singapore here.
Estimated Price – $5,000 to $15,000
Read Also: [2021 Edition] Complete Guide to Baby Grants in Singapore
Stage 1: Baby To Toddler (Twelvemonth 0 to 4)
Now that the pregnancy is over, the real 'fun' starts. Non only would nosotros all of a sudden feel that 24 hours a day isn't enough to care for our baby, get our work done, and still have enough personal time to exercise and rest, but we volition rapidly realise that budgeting just got much harder.
Consumables: Nosotros will observe ourselves regularly spending on diapers, formula milk, baby wipes, babe detergent, baby nutrient and baby lotions. Depending on how quickly our baby consumes these items, we should expect to spend about $2,000 to $iii,000 a yr on these items.
* Calculation assumes babe is breastfed for first half-dozen months
Not-Consumables: As well that, we should too expect to spend on non-consumable items such as pram, baby carriers, cribs, clothes and toys. The toll can vary significantly, depending on whether we choose to purchase them make-new or get hand-me-downs from family and friends. Information technology's reasonable to budget about $2,000 a twelvemonth for these items.
In total, nosotros gauge that parents tin can expect to spend virtually $5,000 a year on their child for consumables (milk, nutrient, diapers) and non-consumable items (dress, toys). This works out to exist about $400 a month.
You tin discover out more well-nigh our calculations here.
Childcare Expenses
At this age, the other large-ticket expense for most working parents will be infant/childcare arrangements. For our adding, we volition presume that both parents are working and will demand to engage aid to await after their kids instead of relying on grandparents.
| Baby Care Option | Expected Monthly Price | Cost Per Annum |
| Domestic Helper | About $1,000 per month. Read more here. | $12,000 |
| Full-Fourth dimension Nanny | Nearly $one,500 to $1,800 | $18,000 (using $1,500 equally a criterion) |
| Total-Day Childcare Eye | $720 (bold Anchor Operator) | $eight,640 |
Assuming that parents cull full-day childcare at an Anchor Operator, the cost will be well-nigh $8,640 per twelvemonth. When y'all add this to the cost incurred for consumables and non-consumables, parents can wait to spend about $13,640 per year for their child in their showtime 4 years.
Estimated Cost (Twelvemonth 0 to Year four) – Nearly $13,640 per year
Stage 2: Kindergarten (Year 5 to Year 6)
While compulsory education just starts from Chief 1 onwards (age 7), it'due south appropriate for kids to attend kindergarten. If we opt for an Anchor Operator, monthly fees will be capped at $160 per month.
If nosotros assume 1-2 additional classes such as art, sports or music classes, information technology'southward reasonable to ready aside a budget of about $100 for our child at this age. We tin expect to spend nigh $260 per month on education-related classes, or well-nigh $three,120 a year.
Our kids won't be in diapers at this age but we will even so demand to spend money on food, books, toys and dress for them. For this, we keep to assume a conservative monthly expense of $300 a month, or about $3,600 a yr.
In total, parents can wait to spend near $6,720 a year on their child from age 5 to vi.
Estimated Cost (Yr 5 to Year 6) – Most $half dozen,720 a yr
Phase iii: Chief, Secondary School, Junior College (Yr 7 to Year 18)
The skillful news is that for Singaporeans, primary schoolhouse fees are free. For those in secondary school and Junior College, it'south at a nominal $v and $six per month. This means that unlike childcare and pre-school educational activity, parents practise not have to worry about school fees during this period. Of course, we will nonetheless need to buy textbooks, exercise books, uniforms, bags and stationery.
Our (growing) child will proceed to require apparel, food, transports and even electronic gadgets at this age. Similar to their younger days, it volition exist prudent to upkeep at least $300 a month for these expenses. On tiptop of that, we will likely give them an allowance as well. Bold a weekly allowance of $25, this will add together up to $100 a calendar month.
Enrichment lessons or tuitions may also exist required equally they become older. If we assume group classes, it might be appropriate to set up aside a budget of about $200 a month for these classes.
In total, we can easily expect to spend about $600 a month per child at this historic period. If you lot add in an extra $500 a yr for school items, this will be about $7,700 each year.
Estimated Cost (Twelvemonth seven to Year eighteen): Well-nigh $seven,700 per year, per child
Full Cost Of Raising A Child In Singapore (From Age 0 to 18)
From the numbers illustrated to a higher place, here'due south how much we can look to spend on each kid, from when they are built-in to historic period xviii.
| Life Stage | Estimated Annual Cost | Estimated Full Cost |
| Pregnancy-Related Cost | $5,000 to $xv,000 | About $10,000 |
| Baby To Toddler (Twelvemonth 0 to 4) | $13,640/Twelvemonth | $54,560 |
| Kindergarten (Year 5 to 6) | $6,720/Yr | $13,440 |
| Primary, Secondary Schoolhouse, Junior College (Twelvemonth vii to 10) | $7,700 | $92,400 |
| Total Toll | $170,400 | |
If the number to a higher place doesn't seem too high, do note we take non included additional expenses such as insurance premiums and third-related schoolhouse fees that we volition incur if our child goes to a Polytechnic or the Constitute of Technical Educational activity (ITE). Besides, if they pursue their degree, this will besides exist a high cost besides.
Read Also: Cost Guide: Singapore Universities' Tuition Fee Comparing
Our calculation higher up is a conservative approximate that does not include additional child-related expenses we will likely incur such as bringing our kids out for leisure activities, overseas holidays, pursuing their hobbies or taking upwardly private tuition or enrichment classes. It also assumes that we do non appoint external aid such every bit hiring a foreign domestic worker one time our kids first full-24-hour interval kindergarten.
In all likelihood, we can expect to spend about $ane,000 a yr on insurance premiums, $1,000 for a uncomplicated overseas trip, $500 a year on leisure activities inside Singapore and $500 on celebrations and presents for your child. This adds upward to an additional $iii,000 a yr, or $36,000 over 18 years.. Then our total cost is likely to hands exist well-nigh $200,000 per kid till age eighteen.
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Source: https://dollarsandsense.sg/much-cost-raise-child-singapore-till-age-18/
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