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Working for major language schools - saving money feasible?

 
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dekkard



Joined: 01 May 2010
Posts: 68

PostPosted: Thu May 14, 2015 12:07 pm    Post subject: Working for major language schools - saving money feasible? Reply with quote

Hi,

I've searched the forum about the viability of saving money in Germany. Many of the posts are now very old.

If you work for one of the major language schools (e.g. Wall Street) under, say, a 20-25 hours contract (ie not freelance), is saving any money feasible or do people just scrape by?

I realise tax, pension insurance, health insurance have to be taken into account. Just wondering what people have experienced.
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spiral78



Joined: 05 Apr 2004
Posts: 11439
Location: On a Short Leash

PostPosted: Thu May 14, 2015 1:27 pm    Post subject: Reply with quote

Scrape. By. Depending on what you mean by savings. You can probably save enough to buy a nice new bike and/or take a European holiday, but to buy a new car or a flat? Highly unlikely.
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scot47



Joined: 10 Jan 2003
Posts: 15149
Location: Respice post te! Hominem te esse memento! Memento mori!

PostPosted: Fri May 15, 2015 10:06 am    Post subject: Reply with quote

Savings would be very difficult.
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EFL Educator



Joined: 17 Jul 2013
Posts: 935
Location: Cape Town

PostPosted: Sun Sep 27, 2015 3:21 pm    Post subject: Reply with quote

Savings in Germany as an EFL teacher....I would say next to impossible due to the high cost of living and TAXES! Shocked
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johncoan



Joined: 02 Jul 2010
Posts: 115

PostPosted: Sun Sep 27, 2015 5:50 pm    Post subject: Reply with quote

If you keep acquiring hours as a freelancer, then why not? It might take time, but you could squash in 30 units a week, which works out at (30 x 16) = 480 euros/week = 1920 euros/month. You could save 500 of that quite easily.
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