Though your choice of prenatal care and birth should factor into your financing for your family, public hospital care is your least expensive option but it often means a long waiting period for doctor visits and checkups. Private hospitals, while significantly more expensive, do offer you some comforting luxuries that some find to be crucial for when the time comes. Opting for public hospitals will cost you around $5,000 compared to upwards of $20,000 for private hospitals. In Singapore, parents don’t need to pay much to send their kids to primary, secondary, junior college or other pre tertiary educations like polytechnic, or ITE. The real cost comes about at the university level. A survey conducted by HSBC on about 395 parents in Singapore concluded that “52% of parents are willing to go into debt to fund their child’s education” and the truth of the matter is tertiary education is becoming more and more of a standard for the average entry-level employee. Education and extracurriculars are completely up for individual interpretation, activities for your child like ballet, piano, or tennis classes, while undeniably important, it can be achieved without taking out a second mortgage on your house.