If you have read the July's issue of Simply Her, you would have come across the article about the cost to raise a child in Singapore. When I read the price tag was $350, I did my usual freaked-out-OMG dance before settling down to read it.
If you read the short article, OCBC conducted a survey that shows in 2004, it will cost $296,000 to raise a child. Now, in 2010 with the 3% inflation rate (and remember, the inflation rate will continue throughout the years), now it will take us $353,439 to raise a child!
Eeeek! The article then went on to offer advice on the types of investments that one can take based on their risk appetites as well as savings allocations. The more I read, the more I felt the words becoming a blur. More like, I want the words to become a blur ...
