PAP PRESCHOOL INCREASED CHILD CARE FEES IMMEDIATELY AFTER GE2015 LANDSLIDE WIN - See

[ThomasLim]

Originally Posted by Aris

I think I have already spent more than a million bringing up 4 kids and will probably spend more in future until they are independent. It's not cheap bringing up a child today.

Wow bro, if u got this money to spend, meaning u ok one la
I agree is not cheap to bring up a kid nowadays, specially if u want to give them the best u could afford...

[Kohaku]

Originally Posted by Aris

I think I have already spent more than a million bringing up 4 kids and will probably spend more in future until they are independent. It's not cheap bringing up a child today.

Wow bro, if u have spent $250000 on 1kid. It means you are earning alot and really spending. I dun spend as much as not enough money. If u really calculate, we may spend only $500k to raise 1of them in 20yrs.

[jwhtan]

My elder son school fees now is abt $100K over 4 years (dentistry), not counting expenses.
If we take $250K total, then $150K for the first 20 years is $7500 per year, which is $625+ a month.
Not too sure as didn't really calculate over the long term but doesn't really look enough.

[ThomasLim]

Originally Posted by jwhtan

My elder son school fees now is abt $100K over 4 years (dentistry), not counting expenses.
If we take $250K total, then $150K for the first 20 years is $7500 per year, which is $625+ a month.
Not too sure as didn't really calculate over the long term but doesn't really look enough.

Another Wow for me. Bro u also can $100K for 4 years course ok la but why the expense is $150K? Meaning $37.5K per year for the expense. That is quite a lot if is local... Or it is the norm for nowadays? I start to sweat liao as it will be my turn in another few years time when my elder daughter reaches that level

[ThomasLim]

Originally Posted by Kohaku

Wow bro, if u have spent $250000 on 1kid. It means you are earning alot and really spending. I dun spend as much as not enough money. If u really calculate, we may spend only $500k to raise 1of them in 20yrs.

Bro, so u spend $500K to raise your kid base on your calculation? Wow

[streetsmart73]

Originally Posted by Aris

I think I have already spent more than a million bringing up 4 kids and will probably spend more in future until they are independent. It's not cheap bringing up a child today.

Bro, you are one model dad
A lot of effort & sacrifices.

[Kohaku]

Originally Posted by ThomasLim

Bro, so u spend $500K to raise your kid base on your calculation? Wow

This figure was given to me by my financial advisor from GE when she present to me how much is needed to raise and send a kid to school. I told her I think $240000 is enough when actually I haven even calculated. Till now I never even think about it, but school fees, alone, is eating $700 from my pay. So I think her calculation is near when u calculate higher education into it. Or she over state the figure to pursuit me to buy a policy?

Who has even calculated the actual figure? Maybe can share.

[Aris]

Originally Posted by streetsmart73

Bro, you are one model dad
A lot of effort & sacrifices.

I have never really look at it that way as there are plenty of rewards and intangibles I received in return from my kids.

Believe me, there will be more I need to fork out in the coming years until the last one complete his studies and become independent.

[CheckerBox]

More subsidies means higher profit for service providers. But where does all the money for subsidies come from? ...... Taxpayers!

So the notion of more subsidies means more affordability is not entirely true in Singapore's context.

[Guppies Onli]

Originally Posted by globalcookie

Or go around to North Beach Road, there's a MSCP next to the Police Post. Quite easy to get parking there.

U mean North Bridge Road near the hawker centre there?