|
Job Discussion Forums "The Internet's Meeting Place for ESL/EFL Students and Teachers from Around the World!"
|
| View previous topic :: View next topic |
| Author |
Message |
Yasuke
Joined: 10 Jan 2014 Posts: 178
|
Posted: Thu Jun 12, 2014 3:47 am Post subject: The skinny on saving in KSA |
|
|
As I've been looking over the site, it seems most go to KSA to save money. But I'd like to talk about this in more detail. Assuming that people are spending about $1,000 a month from their salaries:
It seems like with rough ride recruiter/ contractor , one might be able to save $24,000-$30,000 a year after all the shenanigans. If they catch you in one of there various traps, you might end up saving $17,000-$20,000.
With direct hire universities, depending on qualifications, it seems like people can save between $36,000- $45,000 a year.
With the military contracts, one may be able to save between $50,000-$$70,000 a year.
Please let me know what you think or know. |
|
| Back to top |
|
 |
lcanupp1964

Joined: 12 Dec 2009 Posts: 381
|
Posted: Thu Jun 12, 2014 5:42 am Post subject: |
|
|
As a direct hire at a university, I can easily save between $50,000 - $55,000 USD a year, but I spend around 5,000 bucks during the summer break, so let's say an even 50 grad per year that I can put into my bank back home. I don't have a family (no wife/kids to support), nor any bills in the states, so keep that in mind. With a family, one might be able to save around 30,000 USD per year as a direct hire.
I have noticed salaries in the Kingdom are getting lower (even though KFUPM had an increase to its min. salary) and lower each year. Supply and demand. I have seen the same thing happen in the ESL field in Japan during the late 1980's and early 1990's. I was there for three years during that golden time. |
|
| Back to top |
|
 |
Yasuke
Joined: 10 Jan 2014 Posts: 178
|
Posted: Thu Jun 12, 2014 6:03 am Post subject: |
|
|
| lcanupp1964 wrote: |
| As a direct hire at a university, I can easily save between $50,000 - $55,000 USD a year, but I spend around 5,000 bucks during the summer break, so let's say an even 50 grad per year that I can put into my bank back home. I don't have a family (no wife/kids to support), nor any bills in the states, so keep that in mind. With a family, one might be able to save around 30,000 USD per year as a direct hire. |
I imagine your working with a salary that incoming teachers are probably not able to receive, and also receive a cost of living raise every year. What would you imagine that math would be like for others? |
|
| Back to top |
|
 |
cnthaiksarok
Joined: 29 Jun 2012 Posts: 288 Location: between a rock and a sandy place
|
Posted: Thu Jun 12, 2014 6:28 am Post subject: |
|
|
I was going to make a new thread with the following title, (but it seems appropriate here):
Signs your co-workers have joined the "500 club"
(edit: that is 'do not spend over 500 RIYALS a month')
1- There is never any toilet paper (or liquid soap) in the school restrooms...but I swear....it was stocked at the beginning of the week!
2- The community water cooler suspiciously goes from 2/3 full to empty on Thursdays
3- certain individuals only ever attend functions when free food/drink is on hand
4- The local shwarma delivery service visits villas more often than the mailman
I think Ican represents a good overall average.
So many things to factor in beyond salary and other perks (internet, phone, utility bills, fuel, etc.)
- frequency of vacations,
- 5 star, 3 star (or lower) vacations,
- personal goals,
- daily habits (diet),
- dependents + debts
- extra income (investments, p/t work, online work, etc.)
If pressed, I'd guess the overall national average is right around 40,000 USD for any given year.
Obviously there are those who do much better than that.
Also (it should be obvious) Saudi has "the lifers," "the short-termers," and the ones in between - and that planned for stint has a lot of bearing on how much one saves each month. |
|
| Back to top |
|
 |
Yasuke
Joined: 10 Jan 2014 Posts: 178
|
Posted: Thu Jun 12, 2014 6:45 am Post subject: |
|
|
Really appreciate the information.
@cnthaikasrok that 500 club is funny! |
|
| Back to top |
|
 |
cnthaiksarok
Joined: 29 Jun 2012 Posts: 288 Location: between a rock and a sandy place
|
Posted: Thu Jun 12, 2014 7:50 am Post subject: |
|
|
| Yasuke wrote: |
| @cnthaikasrok that 500 club is funny! |
Yeah, it's REAL funny, till you gotta' take a c**p at work!
 |
|
| Back to top |
|
 |
scot47

Joined: 10 Jan 2003 Posts: 15343
|
Posted: Thu Jun 12, 2014 8:07 am Post subject: |
|
|
Dependant wife/wives and children cost money. Many KSA TEFLERs spend a lot in vacation periods. Maintaining or buying a home outside KSA can be a real expense. Of course some dispense with that luxury or go down the route of letting out their property in the Homeland.
A lot take to the SERIOUS worship of Mammon and end up trapped in the 500 Club mentality. |
|
| Back to top |
|
 |
naturegirl321

Joined: 04 May 2003 Posts: 9041 Location: home sweet home
|
Posted: Thu Jun 12, 2014 8:09 am Post subject: |
|
|
| Hope it's not single ply! |
|
| Back to top |
|
 |
Yasuke
Joined: 10 Jan 2014 Posts: 178
|
Posted: Thu Jun 12, 2014 8:43 am Post subject: |
|
|
| cnthaiksarok wrote: |
| Yasuke wrote: |
| @cnthaikasrok that 500 club is funny! |
Yeah, it's REAL funny, till you gotta' take a c**p at work!
 |
Understood, but away games are always tough. |
|
| Back to top |
|
 |
nomad soul

Joined: 31 Jan 2010 Posts: 11454 Location: The real world
|
Posted: Thu Jun 12, 2014 8:55 am Post subject: Re: The skinny on saving in KSA |
|
|
|
| | |