How Much Does It Cost To Raise Kids Each Month?

No video

How Much Does It Cost To Raise Kids Each Month? | Hot Take

Рет қаралды 59,691

3 ай бұрын

Many people and articles says raising a child is expensive, but exactly how much does it cost? We ask parents with children of different ages how much do they spend each month on them.
Become a TSL supporter and watch our content early!
www.youtube.co...
Follow The Smart Local on Social Media!
/ thesmartlocal
/ thesmartlocaltv
/ thesmartlocalsg
/ thesmartlocaltv
/ thesmartlocalsg
t.me/TSLMedia
thesmartlocal.com
Featuring:
Selina - / pingphanton
Produced by:
Nicole Sim - / nicolesimxe
Farriz Haizad - / farrizhaizad
Filmed by:
Nicole Sim
Faizal Ithnin
Edited by:
Eros Cabulay - / air.ros
Business Enquiries:
hello@thesmartlocal.com

Пікірлер: 90

@TheSmartLocal 3 ай бұрын

Is raising a kid in Singapore expensive?

@leebeaute 2 ай бұрын

I thought it was expensive when we were residing in Singapore. Extra curricular & tuition made the bulk of it. Until we moved abroad & paid for private schooling & now international tertiary fees, especially the medical field. When they say it cost a million to raise a child they weren’t lying! 😅

@genelecspeaker 2 ай бұрын

Expensive la.. a lot of indirect cost. No kids no need helper no need car, no need enrichment, no need tuition. Add everything is about 4-6k esp with childcare..

@lecherhao86 3 ай бұрын

I can't afford to send my children to those enrichment centres. So I teach my children myself. It's very tiring and can get frustrating as well when i know they can do well but they are not intrinsically motivated. Somehow despite my scolding, my children get closer to me as I spend alot of time with them talking to them, doing activities, reading with them etc.

@carmen7559 3 ай бұрын

Shocked by how young the kids are and they have to go for all these enrichment classes at such an age. Can someone enlighten me why their parents do this? Would you be alright to just let the kids play on their own (lego, puzzles, other kids) rather than go for tons of classes?

@xtd.galaxy1943 3 ай бұрын

1. They want their child to have the best schools and career path, by doing so they need to push their children harder. So that they will be able to pick a good school and get good help from the school. For example I myself got posted to a neighborhood school and it is one of the worse schools while my cousin has many enrichment tuitions and got into the best school in SG. Would you be more happy in a bad school or good school? Parents want their children to choose the school they want otherwise the school chooses them for the bad results. Work hard, play later. That's what parents say to their kids

@carmen7559 3 ай бұрын

@@xtd.galaxy1943 It's sad that you think this way. I wonder about the opportunity cost of having a more fulfilled childhood than one where the dreams of parents are projected on their children. Also, being more academically able doesn't mean that one will be happier too. Comparison is indeed the thief of joy.

@xtd.galaxy1943 3 ай бұрын

@@carmen7559 do you live in singapore? Do you see the gst increase, the inflation of food. Higher cost of living. Medical expenses increase. Singapore's education system is Primary>Secondary>Poly or Jc>Uni People who only makes it to poly have a lower salary, thus harder to live in SG. Might as well migrate. People with At least Uni can survive in SG. That's why parents want their child to get better academic results. Choose the schools, get better education, getting better jobs, having better life in the students. I will assume you don't live in SG so you don't feel this

@xtd.galaxy1943 3 ай бұрын

And children chooses what they want to be in the future. Children who work hard get into prestigious schools like RI while children who are not as hardworking get into a neighbourhood school. Watch the O level results day and see for yourself. They all post about straight As and being happy. Have you seen a single person with low grades and being happy in SG. You can go ahead

@bobbyjohnson6066 3 ай бұрын

@@xtd.galaxy1943 sad to know that there are others out there that think like you... hope u find peace and love in life

@sunoosmintchoco3547 3 ай бұрын

as a 18y/o seeing these... ifeel the parents nowadays spoil their child toomuch.. wow $2-$4k permonth is crazy for an 8yo esp.. imean iguess shes rich

@dwichiesa 2 ай бұрын

It is quite common nowadays leh... 2K per month...

@ianwyj1 3 ай бұрын

As they say... before the kid arrives, you can't imagine life with him/her but afterwards, you can's imagine life without him/her. Enjoy parenthood - it's life-changing, literally.

@matamin8602 3 ай бұрын

damn!!! one must earn a lot to actually live comfortably 😢

@nix2m163 3 ай бұрын

it is even expensive for school canteen food these days. my relative was saying that a simple bowl of instant noodles at a primary school canteen is $2.20. not even sec school and just instant noodles

@saikoloji 3 ай бұрын

Just ban tuition. Its unhealthy. Schools should be designed to be sufficient without needing the kids to go for tuition. MOE should game up.

@loyckfiona 2 ай бұрын

Teachers expect P1 kid to know grammar, how to do simple basic Maths, able to read and write Chinese characters….when I started school P1 (1979), we were taught grammar, taught how to read in school….

@jessz3104 2 ай бұрын

Why do u say that.. those who can afford tuition will excel and those who can’t afford tuition just too bad…

@mclairs 2 ай бұрын

@@jessz3104 that's quite a sweeping statement.. what makes u think those can afford tuition WILL excel?

@jessz3104 2 ай бұрын

@@mclairs because their parents bother to put in the time and effort for the education of their children? And children with such involved parents have a much higher chance to be academically successfully.

@poteyatocheapp6978 2 ай бұрын

I don't think dumping children into tuition is "time and effort", no point providing it for those that don't need it

@mine4382 3 ай бұрын

Good host and insightful interviews!

@nix17102 3 ай бұрын

Waaait how’s she already back at work with a 6 week old baby?! Hats off momma

@durrahafshan7666 3 ай бұрын

Time to appreciate our parents who have spent so much on us and loved us unconditionally.

@user-ni4qq5cx8w 3 ай бұрын

Having children is like playing roulette, who knows he/she worth a plate of char siew

@PolkaTea 3 ай бұрын

responsibility of parents

@shurakishi4707 2 ай бұрын

Hi, to put more perspective, you guys should have interviewed parents who have special needs children. It would be interesting to know what sort of cost pressures this group face. All parents-to-be also need to be aware that they never know whether their child may turn to be a special needs kid or a kid with health problems. And they need to be reasonably prepared for such an eventuality.

@ABC-ed8cg 2 ай бұрын

Solution? Don’t have kids. Having kids is like playing with Russian Roulette. Even if the kid doesn’t have special needs, he or she still have to contend with life’s many stresses & inevitable illness, accidents, old age and suffering. We can put a stop to a mindless vicious cycle.

@shurakishi4707 2 ай бұрын

@@ABC-ed8cg Fully agreed. There is actually a need for less homosapiens on this planet.

@Findingsunshiness 2 ай бұрын

Exactly. I realised most ppl really don't consider this as part of planned parenthood. Most just oh ok pregnant let's have kids. When I asked about emergency plan if let's say birth at private hospital and need to be transferred to nicu at kkh, my friends just say choi. To me, it's something that can happen to anyone and it shouldn't be taboo to plan for such emergency.

@user-hl5of3ln2o 3 ай бұрын

It's no joke to have a kids in Singapore it is relatively very expensive in Singapore. Local Singapore in here earning average of 8 to 13,000 a month before cpf. even with this kind of salary having a kid is not enough and not sustainable in the long term. Married but do not have kids, enjoying life, going on 6 to 8 holidays a year. Ranging from over the weekend to bkk, Vietnam, Cambodia or Bali. Or even long trips that can go up to almost a month of holiday. Without kids you have the freedom to do this after you have kids everything boils down to your kid over your freedom and responsibilities. I have friends who have kids and they are struggling by paycheck to paycheck. Imagine having a kid at an average 30 years old, when your kids 21 you are already 51 years old. At the age of 51 do you still have the energy to see the world?? Or even endure long haul flights over 10 hours to Europe or North America I doubt so. For myself and my partner, we get to see the world and get to spend on whatever we want in our Lifetime. If we were to die tomorrow we have no regrets on living fully while on this earth. Definitely to each of their own. Not saying no kids are good, end of the day would you rather suffer your life till 50 plus years old meeting paychecks to paychecks or would you want to enjoy life and have no regrets when the time has come for you to go.

@Wis19394 2 ай бұрын

8 t0 13k are managers or senior manager range. Local average are 3-5k for normal singaporeans before cpf

@munster1404 2 ай бұрын

It's a competitive world out there and young children need plenty of professional help. The sad truth is that if the young children survive this gruelling phase, they have a very good chance to be successful in life. All this extra curricular activities while unhealthy is necessary for growth. Foreigners are coming for our rice bowl.

@mrpolarbearrrrr 3 ай бұрын

Moral of the story - do not have kids if you want to achieve early retirement.

@Callsign-Blade_RunnerSG 3 ай бұрын

@mrpolarbearrrrr Life is unpredictable. Even if you don’t have kids, it doesn’t guarantee you’ll exist tomorrow for an early retirement…

@clhk12 2 ай бұрын

@@Callsign-Blade_RunnerSG if you don't exist tomorrow for early retirement, you would have left your kid one parent less. so i guess no kids also?

@MJxxxx5 3 ай бұрын

For citizens, school fees are heavily subsidised. The bulk of expenses go to enrichment and tuition which are OPTIONAL... Our tuition industry is worth a few billions yearly - ST reported on this.

@sumit6190p 2 ай бұрын

Hope MOE bans private tuitions just like China did back in 2021.

@zhiqiangkoh1387 3 ай бұрын

5:46 is the actor who act as desmond tan buddy in the last drama? The IT expert

@zanegamingtv2252 3 ай бұрын

correct me if i'm wrong, 16months old need enrichment classes? ermmm

@tzechean 2 ай бұрын

$4k a month for a single kid?! its even higher then my salary!

@wongsengkiat3629 Ай бұрын

Exactly! I don't believe everyone in SG can earn $4k-5k per month

@uriahhozhenhao3801 3 ай бұрын

Not a parent but i think theres definitely a wrong way to raise a child

@yxyx2877 2 ай бұрын

Why does an 8 yr old hv a favourite country..😂

@pinkmangooooo 2 ай бұрын

6:53 as someone from the UK who was born here, that’s not the case. Our healthcare is free, the only expense is clothing food etc for the baby. Our schooling is also free

@Stephen16141st 2 ай бұрын

To mummy number 1.... 16 months old n "enrichment classes".... pls la....

@masterweaver 2 ай бұрын

It's not how much it cost to raise kids.. it should be how much you want to spend raising a kid each month. A friend of mine gave his son $15 per day allowance... compare to me as an adult, I get $99 per month from my wife to cope with lunch during work days.

@fatefly4619 3 ай бұрын

why are you guys doing these sorts of interviews in the CBD again? haven't you learnt from the salary expectations video whereby you had tons of comments asking you to do this in th heartlands for a better mix of answers? gosh

@teohyc 3 ай бұрын

When it comes to spending, the sky is the limit. There is minimum cost and then there is additional unnecessary (subjective) cost.

@leebeaute 2 ай бұрын

We’ve lived in Singapore, UAE & the UK. In our experience it’s cheaper in Singapore! That said it’s was approximately 5k a month on our 2 kids (just on extra curricular & tution) compared to double or even triple overseas.

@laichongchao8266 3 ай бұрын

Can't imagine how an average-earning household with two kids and above is able manage their finances in SG... while also managing so save some for themselves for retirement...

@150Maweek 3 ай бұрын

The interview is done at Central Area of Singapore, with quite a few expats, so I don’t think it’s indicative of the actual spending in Sg. When they say the hefty sum for schooling, we obviously know Singaporean kids don’t have to pay that much. I’ll just take this video as a pinch of salt.

@ssvegeto1610 2 ай бұрын

issit me or the parents looking so young and fit

@ABC-ed8cg 3 ай бұрын

I’m a childfree antinatalist and a VHEMT supporter, so no kids for me! I also love peace and quiet.

@tvworkshoptravelandeventsasia 3 ай бұрын

And the birth rate is dropping, dropping and dropping in Singapore and many other western countries😙!

@torrhthc4103 2 ай бұрын

Spend $ on a child has low roi. The person who benefitted the most is govt. but they are still greedy by allowing more FT so they can get the best worker to tax

@genelecspeaker 2 ай бұрын

It is what it is, raising a kid who goes Ivy League and earn 200k/yr at graduation is not by chance.

@aimanfaw7539 2 ай бұрын

5 months old kid Infantcare: $320 (factor in the dollar-for-dollar from CDA) Milk powder: $60 Diapers: $18 Misc: $100 Insurance: $140 Total: $638

@snsdjerry 3 ай бұрын

True ex af sg am chilling in the states although have tax but way way lesser

@alicialee1931 2 ай бұрын

Hope government can ban tuition as China. It’s unhealthy and unfair for kids and parents. We need kids to be more independent and creative for their future!

@user-ee6lp7jn6q 2 ай бұрын

There are downsides to banning tuition in China. Suggest you talk to those from China to understand what’s going on. It better to have a free market and let those who can afford purchase tuition classes. It’s a whole industry that also provides alot of jobs.

@clhk12 2 ай бұрын

@@user-ee6lp7jn6q unnecessary jobs.

@user-dv4rh2my1x 2 ай бұрын

Is the moral of the story to be a hairstylist?

@DeathHela 3 ай бұрын

1 child is more the enough nowadays 😂

@jkjkjk100 3 ай бұрын

Replacement rate is 2. Human will cease to exist if every single male female adult pair in this world only have 1 child.

@_graiderz2462 3 ай бұрын

Your child will be lonely..

@ABC-ed8cg 2 ай бұрын

@jkjkjk100 Humans are overrated. Antinatalism and VHEMT(voluntary human extinction movement) for the win. Sadly, unwise ppl are the ones breeding by the truckloads. Humans are the prime cause of animal suffering & demise of the planet. 92.2 BILLION animals are slaughtered a year. >115 MILLION animals are tested on in labs every year. Everyone thinks their 2 children won’t kill the planet but that’s what billions of other people think as well. We can put a stop to the mindless vicious cycle and planetary destruction. It’s also senseless to drag another innocent being from the void to experience life’s inevitable stress & suffering, accidents, illness and death. An intellectual from Hwa Chong Institution like myself won’t breed but ppl who did badly academically and can’t coach their children in their studies or string words into a proper sentence to save their lives are breeding like rabbits.

@ABC-ed8cg 2 ай бұрын

@jkjkjk100 You say humans will go extinct like it’s a bad thing. I’m an advocate of VHEMT. Look up the movement. Humans are overrated. Sadly, unwise ppl are the ones breeding by the truckloads. Humans are the prime cause of animal suffering & demise of the planet. 92.2 BILLION animals are slaughtered a year. >115 MILLION animals are tested on in labs every year. Everyone thinks their 2 children won’t kill the planet but that’s what billions of other people think as well. We can put a stop to the mindless vicious cycle and planetary destruction. It’s also senseless to drag another innocent being from the void to experience life’s inevitable stress & suffering, accidents, illness and death.

@clhk12 2 ай бұрын

@@_graiderz2462 that's what flirting in school do, to be not lonely

@ysngngys7753 3 ай бұрын

How much does it cost to maintain a relationship?...

@saikoloji 3 ай бұрын

I think there are lots of singaporeans like the guy in black tshirt.

@coconutwombats 3 ай бұрын

Early!! 2nd 🍀

@escapenesque6710 3 ай бұрын

My salary can't keep up with the expenses 🥲

@150Maweek 3 ай бұрын

There really isn’t a right time to have kid. Agree with the English lady. In Singapore we are so fortunate to have fairly good support from the govt. Really puzzled with some of the DINK couples of my generation, short sighted and idealistic retirement health status. They really rather their foreign domestic worker to be at their death bed as compared to having family and loved ones…

@sumit6190p 2 ай бұрын

To each his own lah. I think DINK very well know what they are missing out. But it's a calculated choice that they made.

@150Maweek 2 ай бұрын

@@sumit6190p Fair enough. Everyone has different life outlook and goals.

@dreamyshadow 2 ай бұрын

Bringing a child to this cruel world just so that you can have someone at your deathbed? How selfish is that?

@150Maweek 2 ай бұрын

@@dreamyshadow Apologies if I may have made it sound superficial. I do have to acknowledge that I come from a privileged background of having a stable and supportive family nucleus, and so I witness the love and warmth of bringing a new one to the village. And I certainly agree with you that the world is cruel, but nothing should stop us from creating good and living the right way. Idealistic, probably, but that's how human evolve right? Otherwise, Singapore won't be where it is coming out from WW2 stronger. I bet your grandparents told you back then that the world was a cruel place, it still is right now, am I not wrong?

@anziar3038 3 ай бұрын

Wow! S'poreans are very rich indeed. Many thanks to the PAP govt for bringing them wealth by means of stable and high-paying jobs in a safe and secure environment.❤❤