Some couples put themselves under undue financial stress because they think it costs $2k a month to raise a child

[tripleme]

Some couples put themselves under undue financial stress because they set the unfeasibly high target of providing $2,000 or so a month in outlays for each of their children.

They believe that over $500,000 is needed to raise each child from birth to age 21, or $1 million for two children, a sum that is surely out of reach for the average household.

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https://www.straitstimes.com/business/invest/some-parents-think-it-costs-2k-a-month-to-raise-a-child​

 

[English Teacher]

Then what? Kids are free?

 

[tatsit]

so is govt providing 100% expenses for raising children?

 

[gn2807]

Give birth then know, never learn mathematics before?

 

[Acetone]

$2k already quite conservative… if you send to infant or child care, should be higher.

 

[Joe Maya]

$2k already quite conservative… if you send to infant or child care, should be higher.

I thought got subsidy.

 

[Mystyque]

Some couples put themselves under undue financial stress because they set the unfeasibly high target of providing $2,000 or so a month in outlays for each of their children.

They believe that over $500,000 is needed to raise each child from birth to age 21, or $1 million for two children, a sum that is surely out of reach for the average household.

$500K per child sounds about right if taking into account uni course fees and that's without a full suite of enrichment programs.
Also better to plan and consider this amount before having kids and not actually have to fork out so much, than to think it's possible to raise one on $500/mth then get a rude shock when realities hit.

 

[Joe Maya]

These ppl send their toddler go Montessori, then ballad lesson, violin lesson, piano lesson, go specialized tuition, buy branded babywear, eat organic kids food of coz $2000 per month also not enough.

 

[Mystyque]

I thought got subsidy.

If you're very poor then can max subsidy. If you're well off enough to consider $2K per child and just a bit stress instead of giving up outright, then you aren't poor enough for most subsidies.

 

[ricohflex]

Yah Lor.
Actually it costs $3,000.

You know why some people have very big families with lots of children?
It is driven by SG policy.
They get a lot of benefits and lower costs.

 

[coolmyth]

Can someone paste the article? Moi wanna read what koyo is it this time?

 

[Lchlch]

It is good to set aside the sum.
Can accumulate every month if able to save....

 

[priore]

Lai liao, gaslighting starts.

Tells u the obvious - that all u need is food and shelter for your kids.

No need tuition, no need spend on CCS and enrichment. No need to spend more trying to get into good schools because "all schools are good schools".

Then today this article came out:
https://www.straitstimes.com/busine...le-think-having-over-600k-is-enough-to-retire

All part of a strategic narrative telling us cost of living high is thanks to us having our own ambition.

 

[Zinna]

So according to pappy propaganda mouthpiece, how much do you need to raise a child?

 

[KPO_SAHM]

Some couples put themselves under undue financial stress because they set the unfeasibly high target of providing $2,000 or so a month in outlays for each of their children.

They believe that over $500,000 is needed to raise each child from birth to age 21, or $1 million for two children, a sum that is surely out of reach for the average household.

Already a subscriber? Log in​

​

https://www.straitstimes.com/business/invest/some-parents-think-it-costs-2k-a-month-to-raise-a-child​

Modern parents ...where got 2 K enough


1) see paediatrican rather than normal GP
2) go to paediatricians rather than polyclinic for vaccinations (most r free and able to use CPF)
3) expensive childcare rather than going to My first skool
4) attend tution, enrichments , left brain right brain classes....
5) must wear branded like crocs footwear
6) must eat organic food, restaurants and etc.
7) must buy branded milk powder (with high DHA) n diapers

 

[crazythen]

The competitive tension between parents will inevitably get to you.

 

[Mecisteus]

EDMW standard is $3k per month per child.

 

[Money no have]

My estimate is at least $1m a child.

minimum.

$1.5m more realistically

 

[SBC]

If they did not too pofma, means it is probably true.

 

[fire]

$2k already quite conservative… if you send to infant or child care, should be higher.

Nah... 2k more than enough per child