We all know raising a baby in Singapore is expensive. www.theasianparent.com puts it at $340,000 till 21yrs old while www.salary.sg reckon it would take half a million. But how much does it exactly cost? What are the exact breakdown year on year?
We seek to find out as we look to raise our baby in this city from the perspective of an accountant. Yes, through keeping journal records as well as viewing it through the approach of a financial statement framework. Most of the time, the entries may not match, either due to a lack of skill (I am not an accountant) or the lack of sleep (universal excuse for parents. But it's true).
Like how an archeologist can explain history by digging for bones and object, we believe that by digging into our receipts and having a framework to record them, we can understand why we did what we did. We can tell a story of our family's experience.
This would be a life long journey.
Ps: if you know of any place we could have gone to for cheaper stuffs, do give us a shout! Thanks in advance.
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