How much does it cost to raise a family of 5?

Hmm…personally I think you can survive for sure, but quality of life might be compromised. I mean this in the best way possible… I believe that raising children is not just about making sure that they have food and shelter, but also giving them opportunities to have fun, to enrich their learning. With $4k before CPF, it might be a stretch to give the children things like toys, books, outdoor experiences, outings with friends etc.