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Saving Money
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EnglishBrian



Joined: 19 May 2005
Posts: 189

PostPosted: Wed Aug 03, 2005 2:57 pm    Post subject: Reply with quote

Zero Hero wrote:
Is "250,000 yen/month" a "standard" salary for someone with a BA, MA, PGDE, a CELTA, doing a PhD in a related field, and who has NET and university experience in HK? I think not.


I think not too. But Zero, I think you've ascended far, far higher than anyone who would think of themselves as a regular TEFL teacher. Actually I think you did that when you were able to enter the NET scheme. Good on you, but I think most people would be unwise to think of your case as on the same planet as 'typical TEFL teacher'.

After a PGCE in the UK I would expect to be going into a usual teaching job making enough money to seriously save. Yes. And if I was able to travel abroad to teach in an International School/as an HK NET, then I would probably expect to be paid even more. But if I'd got my (any old) degree, maybe worked for a while and done a CELTA to move into TEFL, I couldn't compare myself to someone in that situation. Just check out the Hong Kong jobs on TEFL.com for people like that and see what they pay.

I wonder if it's often the new graduates (esp. from the U.S.) who are looking to 'save money'? If you've just finished studying for 4 years on the basis it would lead you to a better life, and having run up huge loans in the process, I can sort of understand why you'd be asking about 'places I can save money'. Quite legitimately.

I left a different profession age 30 to go into TEFL, so I wasn't considering it for financial reasons - beyond not wanting to have to supplement my TEFL career from my savings. In point of fact in Eastern Europe I did live well and put a bit aside - not enough as would count for anything outside EE, but enough for it to seem a decent proportion of my salary I wasn't having to spend, despite living nicely.

I sometimes wish the folk who post about wanting to save money would be a bit more specific. If we're talking about saving money to send home or use to pay off loans, you have a limited choice of countries to choose from and you'd need to live 'carefully'. But I like to think that some people who say they want to save are really meaning they just want to be able to use TEFL to fund their continued presence abroad, live decently and not have to worry about dipping into their savings at home or their emergency money.
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Glenski



Joined: 15 Jan 2003
Posts: 12844
Location: Hokkaido, JAPAN

PostPosted: Wed Aug 03, 2005 9:29 pm    Post subject: Reply with quote

Quote:
Is "250,000 yen/month" a "standard" salary for someone with a BA, MA, PGDE, a CELTA, doing a PhD in a related field, and who has NET and university experience in HK? I think not.

If you are just starting out in Japan, yes. I thought that was the main point of the OP. And, even a place line NOVA pays only 5000 yen more per month for a master's degree. University experience in any other country doesn't matter to a Japanese employer, nor does studying for advanced degrees.

Quote:
Average monthly salary for a family in Japan is 554,000yen. Average grocery expenses are 70,000yen. I read that somewhere in some little brochure that was in the lobby of a business hotel on information in Japan.
.
Just goes to show how ridiculously incorrect that "little brochure" is.

Quote:
250,000yen is by no means good coin

Never said it was good, just standard. Bear in mind that the average Japanese businessman just starting out makes about this much, too, if you factor in the bonuses he makes. And,many of them still live at home with their parents, so they save on rent.
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schwa



Joined: 12 Oct 2003
Posts: 164
Location: yap

PostPosted: Thu Aug 04, 2005 8:33 am    Post subject: Reply with quote

Not big bucks in the bigger scheme of things, but relative to what posters above are saying, Korea's a pretty good deal.

Fresh off the plane with minimum qualifications (a BA), someone intent on saving could quite easily bank the better part of US$1000 a month from an average entry-level wage. Including going out to eat & drink with some frequency & travelling around.
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blueboy



Joined: 02 Jul 2004
Posts: 27
Location: Seattle, Wa

PostPosted: Fri Aug 05, 2005 8:41 am    Post subject: Reply with quote

I've done it here in Taiwan. Only been teaching six months and I'm on a saving schedule that will hopefully leave me with about $10K US
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moonraven



Joined: 24 Mar 2004
Posts: 3094

PostPosted: Fri Aug 05, 2005 10:53 am    Post subject: Reply with quote

It is possible to save money in many venues--depending on your income and your commitment to living frugally. But I believe it should be kept in mind that if one goes into a profession with the idea of saving a lot of money--that profession should not be TEFL. Many other professions are much more lucrative.
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31



Joined: 21 Jan 2005
Posts: 1797

PostPosted: Fri Aug 05, 2005 1:32 pm    Post subject: Reply with quote

that profession should not be TEFL. Many other professions are much more lucrative.[/quote]

TEFL is not a profession.
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Chris_Crossley



Joined: 26 Jun 2004
Posts: 1797
Location: Still in the centre of Furnace City, PRC, after eight years!!!

PostPosted: Fri Aug 05, 2005 2:27 pm    Post subject: Which is the profession and which is the specialism? Reply with quote

31 wrote:
moonraven wrote:
That profession should not be TEFL. Many other professions are much more lucrative.
TEFL is not a profession.


Teaching is a profession, TEFL is a specialism.

Let's not confuse the two, shall we? Confused
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Justin Trullinger



Joined: 28 Jan 2005
Posts: 3110
Location: Seoul, South Korea and Myanmar for a bit

PostPosted: Fri Aug 05, 2005 3:15 pm    Post subject: Reply with quote

Quote:
TEFL is a specialism



I think where I come from, we say specialty or specialization. But it's been a long time since I've been where I come from, so I'm not really sure. Very Happy

Justin
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Spinoza



Joined: 17 Oct 2004
Posts: 194
Location: Saudi Arabia

PostPosted: Fri Aug 05, 2005 3:44 pm    Post subject: Reply with quote

Laughing

Last edited by Spinoza on Fri Apr 27, 2012 9:37 am; edited 1 time in total
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