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Which country has the highest savings?

 
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Surrey100



Joined: 08 Oct 2005
Posts: 28
Location: UK

PostPosted: Sun Oct 09, 2005 5:21 pm    Post subject: Which country has the highest savings? Reply with quote

I want to live and teach in SE Asia but wouln't mind saving up some bucks for a couple of years elsewhere first. Which Asian countries have the highest savings after all expenditures for a TESOL / BA teacher? Korea, Taiwan, Japan, other? If you havn't been to all please put how much you can save in the countries you know. Thanks Very Happy
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GambateBingBangBOOM



Joined: 04 Nov 2003
Posts: 2021
Location: Japan

PostPosted: Mon Oct 10, 2005 1:29 am    Post subject: Reply with quote

It entirely depends on your lifestyle, where you live and the kind of job you do. If you live in Tokyo then it would be pretty hard to save an awful lot if you work for an eikaiwa company. If you live in a rural area, for a private high school or in the JET programme and don't go out drinking all that much, then it can be pretty easy to save money.
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ls650



Joined: 10 May 2003
Posts: 3484
Location: British Columbia

PostPosted: Mon Oct 10, 2005 1:35 am    Post subject: Reply with quote

I know someone who is currently teaching in Taiwan. His income is about $1500 US after taxes. His living expenses are roughly 300 to 400 dollars per month. He's there to save money, so he expects to bank close to $1000 US per month.
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Gordon



Joined: 28 Jan 2003
Posts: 5309
Location: Japan

PostPosted: Mon Oct 10, 2005 1:49 am    Post subject: Reply with quote

Broadly speaking, I think Korea might be the best. Pay is almost the same as Japan, but the cost of living is much lower and schools pay your rent and flights and there are no start up costs. Going out and travelling are also much cheaper in Korea.
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tedkarma



Joined: 17 May 2004
Posts: 1598
Location: The World is my Oyster

PostPosted: Mon Oct 10, 2005 2:53 am    Post subject: Reply with quote

I have to second Korea for best savings. My savings in Korea are comparable to what I saved in Saudi - but with fewer contact hours per week and a four vs. five day work week. Also, Korea doesn't tend to make you as crazy as the ME - and I teach women as well as men.
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Miyazaki



Joined: 12 Jul 2005
Posts: 635
Location: My Father's Yacht

PostPosted: Mon Oct 10, 2005 10:31 am    Post subject: Reply with quote

There is no single answer to this question.

My best savings were in Japan (Tokyo).

However, I understand that there are high wages being earned in places like the United Arab Emirates.

Important variables include the kind of EFL job you have (conversation school, high school, university, corporate, etc) and what your living arrangements are.

Again, I've taught in Korea, Thailand, Taiwan, Japan and the most lucrative place to TEFL was in Tokyo.
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