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How much can you save??
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Jmthomas



Joined: 13 Apr 2012
Posts: 14

PostPosted: Tue Apr 24, 2012 6:08 pm    Post subject: How much can you save?? Reply with quote

If a person with ordinary tastes and habits (eating out a couple of times a week at a western style restaurant, a taxi here and there a trip to the mall etc.) manages to obtain a job paying $3,500 (US) a month, accommodation is paid for (inc. utilities) and there are the other typical payments for transport etc. How much will they be able to save a month?

I have seen suggestions from recruiters that 2,500 of the above amount is saveable is that realistic or are they just being recruiters/sales people?


Thanks in advance for the reality check.
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nomad soul



Joined: 31 Jan 2010
Posts: 11454
Location: The real world

PostPosted: Tue Apr 24, 2012 6:19 pm    Post subject: Reply with quote

Those savings are doable depending on the allowances included. What are your qualifications (i.e., degree, TEFL cert, related experience)? Also, would you be bringing dependents with you?
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Halynka



Joined: 14 Apr 2012
Posts: 1

PostPosted: Tue Apr 24, 2012 8:27 pm    Post subject: cost of living Reply with quote

nomad soul: retiring teacher (M.Ed.), travelling with husband wants to know the answers to Jmtomas' questions.
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rainbowprof



Joined: 18 Feb 2012
Posts: 133
Location: Penang

PostPosted: Wed Apr 25, 2012 12:40 am    Post subject: Reply with quote

Further, teacher (M.Ed, ABD, much related experience) with family (wife and 4 kids) is interested to get similar idea. We rarely eat out...
I guess the allowances, school costs, transport fees, vehicle owned or rented, etc make all the difference ...
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posh



Joined: 22 Oct 2010
Posts: 430

PostPosted: Wed Apr 25, 2012 4:54 am    Post subject: Reply with quote

I spend about 1,500SR ($400) on food, cigarettes, books and transport. Apparently some people survive on way less. The rest goes in the bank - how much that is, is none of your business. Very Happy
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rainbowprof



Joined: 18 Feb 2012
Posts: 133
Location: Penang

PostPosted: Wed Apr 25, 2012 6:45 am    Post subject: Reply with quote

posh,you're in a major city?
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posh



Joined: 22 Oct 2010
Posts: 430

PostPosted: Wed Apr 25, 2012 6:52 am    Post subject: Reply with quote

yeah Rolling Eyes
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nomad soul



Joined: 31 Jan 2010
Posts: 11454
Location: The real world

PostPosted: Wed Apr 25, 2012 7:02 am    Post subject: Reply with quote

posh wrote:
I spend about 1,500SR ($400) on food, cigarettes, books and transport. Apparently some people survive on way less. The rest goes in the bank - how much that is, is none of your business. Very Happy

Ditto here; I'm also able to save a huge portion of my salary. For example, my monthly spending (e.g., occasional restaurant meals, portable USB wifi, grocery/household items, etc.) runs about 1000 - 1200 riyals, or $265 - $320 USD. I receive a housing allowance as well as a monthly transportation allowance to pay for taxi services, which I mostly use for visiting friends and shopping trips since I take a free shuttle to/from work each day.

However, if you're married and have children, you'll need to factor in a larger budget for food, recreation, and other essentials but also the higher housing cost to accommodate the size of your family. Then there are the education expenses for each of your children. Plus, you may want to purchase or lease a family car.

So unless both you and your spouse work, or you receive a very generous salary and benefit package that will meet the needs of your family, it's much easier to save in KSA if you're single and childless.
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scot47



Joined: 10 Jan 2003
Posts: 15343

PostPosted: Wed Apr 25, 2012 10:56 am    Post subject: Reply with quote

For many, spending is focussed on vacations.. If you spend 3 months of the 12 travelling to the gin joints and girly bars of SE Asia you may not save much.

Living in the KofSA alone, US$1000 a month should be enough. If accompanied, budget for a LOT more.
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rainbowprof



Joined: 18 Feb 2012
Posts: 133
Location: Penang

PostPosted: Wed Apr 25, 2012 12:47 pm    Post subject: Reply with quote

Ha ha. No surprises there, nomad. The joys of having children rarely extend to the financial though some of the perks offered as part of family package in KSA could help off-set some spending that would normally be solely my responsibility.
Scot, your new location is Firth of Clyde?
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nomad soul



Joined: 31 Jan 2010
Posts: 11454
Location: The real world

PostPosted: Wed Apr 25, 2012 1:16 pm    Post subject: Reply with quote

rainbowprof wrote:
Ha ha. No surprises there, nomad. The joys of having children rarely extend to the financial though some of the perks offered as part of family package in KSA could help off-set some spending that would normally be solely my responsibility.

And I see you have four youngsters to feed, clothe, and educate. Have you looked into countries where your wife could also easily find employment? Or were you able to get a contract with a stellar salary and bennies that will keep your family comfortable in KSA?
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rainbowprof



Joined: 18 Feb 2012
Posts: 133
Location: Penang

PostPosted: Wed Apr 25, 2012 1:24 pm    Post subject: Reply with quote

Nomad, stellar is hopeful. I'm waiting for the best one to roll in. A few are working their way through the system and it remains to be seen how much they value my presence. UAE look like they allow a spouse to work legally. My wife has extensive tertiary level esl experience but she's not looking for full time contractual work at this stage. Often we have found that smaller private deals develop after we settle in a new place. Well -spoken and educated females have work opportunities that spring up spontaneously in many locations. We are comfortable where we are but airfares are negatively impacting our lifestyle and the ME may help on that front should we choose to relocate.
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bulgogiboy



Joined: 23 Feb 2005
Posts: 803

PostPosted: Wed Apr 25, 2012 2:14 pm    Post subject: Reply with quote

scot47 wrote:
For many, spending is focussed on vacations.. If you spend 3 months of the 12 travelling to the gin joints and girly bars of SE Asia you may not save much.

Living in the KofSA alone, US$1000 a month should be enough. If accompanied, budget for a LOT more.


Living alone, with accommodation paid for, $1000 a month will see you with a relatively decadent lifestyle (as 'decadent' as anyone can get in the austere tragic kingdom). I lived very well on a maximum of 2000 riyals a month, which is about $530. I took taxis all the time, ate out 4-5 times a week, and banked about $2800 per month. I knew a lot of my co-workers who lived on 1000 riyals or less per month.

As Scot points out, the problem comes when holiday time comes around. I spent large amounts of cash quite frivolously, just trying to treat myself, to make up for the drudgery and abstinence of KSA.

Anyway, from $3500 a month, I would say $2500 savings can be done comfortably.
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cmp45



Joined: 17 Aug 2004
Posts: 1475
Location: KSA

PostPosted: Wed Apr 25, 2012 3:33 pm    Post subject: Reply with quote

Everyone's comfort level is different, but would say an average of 2000 dollars is doable all things considered (being single helps)

Why no one ever mentions spending a bit on clothes...seems (males in particular)ESL teachers are so friggin cheap all they think about is saving at the expense of everything else...teachers coming to work dressed like they were living on the street; wearing shirts and pants that are thread bare and shoes that look like were purchased back in the early 80s. As a profession goes seems ESL teachers have to be some of the worst dressed 'professionals' out there. Come on guys invest in some new duds...when you look good, you feel good...every bit helps ease that "oh so horrible burden" Laughing of living in the kingdom. Don't be such cheap bast**ds!


Last edited by cmp45 on Wed Apr 25, 2012 3:51 pm; edited 1 time in total
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rainbowprof



Joined: 18 Feb 2012
Posts: 133
Location: Penang

PostPosted: Wed Apr 25, 2012 3:41 pm    Post subject: Reply with quote

cmp, ain't that the truth!!
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