How much does it cost to raise a child from infancy to 21 years of age? $200,000? $360,000? $1,000,000?
It seems that every financial expert in the country has a number in their minds, as do consumers who have thought this through on their own. Whatever the number is, what’s more important is how the number is derived – which is a financial planning exercise in itself. We will leave your numbers to the fruitful financial planning sessions you will have with your Financial Consultant, so for now, we will go straight to some tips on how to spend wisely when raising your child in Singapore.