How much to raise a child

I’m currently 29 weeks pregnant. And I’ve been hearing that having a child is pretty expensive. How much should I get aside for the child expenses? Hubby and I earns roughly 12k. Thinking if 20% if enough to cover monthly expenses.

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Yes enough. But bear in mind that childcare expenses will vary according to ur choices. If sending to premium childcare centres like mindchamps, about $1900 per mth after subsidy, compared to about $500+ per month for normal full day childcare. I chose normal childcare instead of more premium ones as i have 3 kids and cant imagine spending close to $6000 per mth just on childcare! I think the bottomline is to set aside an amount u are comfortable with, and try to work within that budget. I'm sure it will get easier after they enters primary school=

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