{"id":24869,"date":"2016-07-18T11:32:45","date_gmt":"2016-07-18T03:32:45","guid":{"rendered":"https:\/\/www.imoney.my\/articles\/?p=24869"},"modified":"2018-08-24T00:06:44","modified_gmt":"2018-08-23T16:06:44","slug":"is-it-more-expensive-to-raise-a-child-in-malaysia-or-singapore","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/is-it-more-expensive-to-raise-a-child-in-malaysia-or-singapore","title":{"rendered":"Is It More Expensive To Raise A Child In Malaysia Or Singapore?"},"content":{"rendered":"<p>It\u2019s no secret that raising a child can be crazy expensive wherever you live and these costs begin even before the baby is born.<\/p>\n<p>For instance, Malaysian parents can expect to pay up to RM10,000 just to cover the cost of pregnancy check-ups and delivery fees if they opt for the private route \u2013 and this is a route preferred by over 40% of Malaysians, according to a poll by <em><a href=\"http:\/\/www.babycenter.com.my\/o1047003\/do-you-plan-to-give-birth-in-a-government-hospital-or-a-private-hospital-or-clinic\" target=\"_blank\" rel=\"nofollow\">Babycentre<\/a><\/em>.<\/p>\n<p>Prenatal and delivery services at these facilities could\u00a0<span style=\"line-height: 1.5;\">cost at\u00a0<\/span><span style=\"line-height: 1.5;\">least 8X more compared to a public hospital.<\/span><\/p>\n<p>Meanwhile, statistics by Singapore\u2019s <a href=\"https:\/\/www.moh.gov.sg\/content\/moh_web\/home\/statistics\/healthcare_institutionstatistics.html\" target=\"_blank\" rel=\"nofollow\">Ministry of Health<\/a> show that 80% of Singaporeans obtain &#8220;costly hospitalisation care&#8221; from their public health system, meaning that many Singaporeans could be paying just around S$1,324 for prenatal and delivery services combined.<\/p>\n<p>Incidentally, Singapore\u2019s healthcare system was ranked the\u00a0<span style=\"line-height: 1.5;\">1<\/span><sup>st<\/sup><span style=\"line-height: 1.5;\"> most efficient in the world by <\/span><em style=\"line-height: 1.5;\"><a href=\"http:\/\/www.bloomberg.com\/infographics\/2014-09-15\/most-efficient-health-care-around-the-world.html\" target=\"_blank\" rel=\"nofollow\">Bloomberg<\/a><\/em><span style=\"line-height: 1.5;\"> in 2014.<\/span><\/p>\n<p>Of course, the cost of raising a child will only go up as you delve further into parenthood and one of the biggest financial drains that come with it would be your child\u2019s education.<\/p>\n<p>In Malaysia, flip flops in the national schooling system and <a href=\"https:\/\/www.imoney.my\/articles\/5-things-you-must-consider-when-you-send-your-kid-to-an-international-school\" target=\"_blank\">lower-than-average national scores in worldwide quality assessment programmes<\/a> has prompted many parents to send their children to international schools. If this is a move you&#8217;re considering, then be prepared to fork out AT LEAST RM1 million over the course of 12 to 13 years!<\/p>\n<p>Meanwhile, public schools remain the preferred mode of education across the Causeway. This is hardly surprising, as Singapore\u2019s education system is often touted as one of the world\u2019s best.<\/p>\n<p>In fact, the number of private institutions has fallen from 338 in 2011, to 312 in 2014 in the island republic. In 2015, 10 more private schools exited the industry due to falling enrolment rates, according to figures provided by Singapore\u2019s Council for Private Education (CPE).<\/p>\n<p>However, while public school education costs next to nothing for Singaporeans, many parents spend up to thousands of dollars every year on tuition and enrichment courses for their kids.<\/p>\n<p>This is considered the norm, given that Singapore is the world&#8217;s\u00a0second-most competitive economy, so it is only natural for parents to want to give their children an educational edge in an ever-challenging environment.<\/p>\n<p>Wherever you live, we can all agree that parents only want the best for their children and that the cost of doing that is really no joke!<\/p>\n<p>But which country gives you more for your parenting dollar \u2013 Malaysia or Singapore? Check out our infographic for the answer!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Malaysia vs Singapore: Which country gives you more for your parenting dollar? We have the answer!<\/p>\n","protected":false},"author":34,"featured_media":24870,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[31,256,218],"tags":[],"class_list":["post-24869","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infographic","category-lifestyle","category-money-management"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Is It More Expensive To Raise A Child In Malaysia Or Singapore? | iMoney<\/title>\n<meta name=\"description\" content=\"Malaysia vs Singapore: Which country gives you more for your parenting dollar? 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