Will you still love me tomorrow?
Lately, a few finance bloggers wrote about the cost of raising up a child in Singapore. Some estimated that the cost might be up to $1 million while there were some who felt that $200,000 to $300,000 should be a comfortable range. Whenever I come across such articles, I always have mixed feelings. Whilst it is important to be pragmatic in a high cost society like Singapore, I don’t like this money culture whereby we view things in monetary terms and measure relationships in dollars and cents.
As a father of two kids, I always tell myself that my love for them must be unconditional and I would not expect anything in return from them when I grow old. By the same measure, my wife and I do not see the point of calculating the cost of raising our children. This is because we do not want our children to grow up wondering how much it would cost to support us when we are old and jobless. We feel that it is our mission to take care of ourselves and be financially independent when old.
My girl and boy are our greatest gifts and we would not trade anything in the world in exchange for them.
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