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How much can I really save?

 
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TK4Lakers



Joined: 06 Jan 2006
Posts: 159

PostPosted: Wed Jan 18, 2006 8:11 pm    Post subject: How much can I really save? Reply with quote

Hello all, its me again (the one who posted previously about Interac).

I had a question about working in Japan and realistic goals for saving $$$.

I'm pretty much leaving for Japan (w/ Interac, for now) in late March and I'm hoping I can make it big in Japan (or find somekind of career, or gain enough experience/language skills to come back to the states w/ more on my resume).

I was wondering how realistic is it to save $$$ in Japan? I've heard everything from it's hard since it's so easy to go out and have fun in the nightlife or travel, to it being easy and as much as $1000 USD a month.

Although Interac only pays the standard 250K/mo., I plan on doing a lot of tutoring on the side to make more money (yen). What is the avg hourly rate for an English tutor, and how easy is it to find clients??

Also, I don't know how long I expect to stay in Japan, maybe 1-2 years, but I would like to return with enough money saved so I can rent out an apt and possibly buy a used car (in southern cali). How easy is it to save up enough $$$ and still live somewhat of a comfortable and fun-filled life in Japan????

Any help is greatly appreciated, thank you.
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Glenski



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

PostPosted: Wed Jan 18, 2006 8:50 pm    Post subject: Reply with quote

Quote:
I was wondering how realistic is it to save $$$ in Japan? I've heard everything from it's hard since it's so easy to go out and have fun in the nightlife or travel, to it being easy and as much as $1000 USD a month.

The standard reply is... it depends.
So, you are going to pull in 250,000 yen/month from Interac. Figure that half of that will go to basic necessities (food, rent, phone, utilities). It depends on where you live and what your lifestyle is.
1. Live in the center if a big city, and your rent will be sky high.
2. Eat like a carnivore who thinks there is no tomorrow, and your food bill will be high.
3. Make a lot of overseas calls (or even local ones, because you get charged for them, too), and your phone bill will be higher than usual.

What you do with the remaining 125,000 depends on you. Want cable or satellite TV? Like to go out a lot? Enjoy renting tons of DVDs? Are you a music freak who can't live without buying new CDs every week? Do you have bills to pay off back home? You get the picture. It depends.

Go out a couple times a week and drink conservatively, and you will blow 50,000 yen/month. That leaves you with 75,000 for everything else in life, from a postage stamp to major purchases. So, in very general terms, figure that you will have about 50,000 to tuck away in savings somewhere, but it could be more depending on many factors. Look for the thread called "cheapskates" which I started, for some ideas on how to save money.

Quote:
Although Interac only pays the standard 250K/mo., I plan on doing a lot of tutoring on the side to make more money (yen). What is the avg hourly rate for an English tutor, and how easy is it to find clients??

Most people would probably agree that the average one on one private lesson goes for 3000-4000 yen/hour. You can change that as you like, and as the market will bear. Plus, if you have more than one student at a time, it's up to you to keep that per student fee or to lower it as the group grows in size.

How easy to find students? Many people simply pirate from their current or previous eikaiwa classes, but you won't have that luxury. You might be able to attract some students with the online services such as www.findateacher.com, but it depends on where you live, how much you charge, and what students are interested. I wouldn't count on getting "a lot of tutoring" for several months. You will need to get used to lesson planning for Interac, and get used to their time schedule.

Quote:
How easy is it to save up enough $$$ and still live somewhat of a comfortable and fun-filled life in Japan????

Read what I wrote above. It depends. It depends on your image of "comfortable" and "fun-filled".
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denise



Joined: 23 Apr 2003
Posts: 3419
Location: finally home-ish

PostPosted: Wed Jan 18, 2006 8:56 pm    Post subject: Reply with quote

Depends on what you consider a "comfortable" lifestyle. On a salary of 300,000 with paid housing, I always had enough to go out, but sometimes didn`t reach my monthly savings target.

"Going out" meant one or two trips per week to my favorite restaurant (a great little Indian place--I miss it so much!), drinks a couple of nights a week, maybe a trip into the city twice a month to see a movie, snowboarding four times per week (seasonal, obviously), etc. And always enough money to have guests over and be able to feed them. And occasional online purchases from companies in the States--books, CDs, vegan food, etc.

Oh, and a car, with all of the expenses cars entail.

With all of those expenses, I was lucky if I still had $1000 to send home at the end of the month. $700 was a more reasonable goal.

d
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adventurous



Joined: 11 Jan 2006
Posts: 5

PostPosted: Thu Jan 19, 2006 2:08 am    Post subject: Reply with quote

I was able to save an average of $1000 on an average of 260,000/month, but I was a nazi about it. (I had to pay subsidized rent, too!)

I had tricks. One was to limit how much I drank while I was out. If you have a few drinks before you go, you don't need to buy as much when you're actually in a bar. My friends spent $50 a night (that they went out), whereas I spent $5 or $10.

I like to call home a lot, so I got a Vonage phone. If you're going to have the internet anyways, the phone is the cost of about two hours worth of phone card time.

I didn't eat out too much. When I did, I chose cheaper places. Otherwise, I got some pretty decent food from convenience stores. Also, all of the daily foods in the grocery stores go on a half-price sale about the last hour of each shopping day.

Finally, I wasn't a nazi all of the time. My budget included a weekly amount for general expenses, but also a certain amount per month that was explicitly for something fun. I'd take a day trip, spend a night clubbing, go shopping, or something like that. There are also things that I don't compromise on.

My coworkers were not as frugal as I was. They bought a lot of junk. They ended up leaving it all with me when they left because they couldn't afford to send it all home! They were 'poverty jet-set' - going on trips on every occasion, but being flat broke before and after. They were partying a lot, and so hungover that they couldn't attend their expensive Japanese classes. (I found a volunteer teacher and used a $20 textbook; they paid hundreds of dollars per month.)

So, what I'm saying is...what you save depends on your goals and actions. I'm more nazi-ish than most, but it's possible to save money. So, my former coworkers are still living paycheck to paycheck. I've nearly paid off my student loans, put myself through grad school, have nice electronics and a nice little nest egg. The bottom line is that you have to decide what is right for you.

BTW, I wouldn't accept less than 4,000 or 5,000 per hour for privates, more for pairs. Remember when negotiating that the more you value yourself, the more they will value you.
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gaijinalways



Joined: 29 Nov 2005
Posts: 2279

PostPosted: Thu Jan 19, 2006 4:26 am    Post subject: saving Reply with quote

Hmm, a lot of things depend on your ability to find private students and your spending habits. Certainly just like in the States, looking for bargains will save you money. Drinking more often during happy hours, drinking at private apartment parties or in a park, cooking at home more often or looking for more reasonably priced restaurants, biking (if possible) to work and pocketing the commuting fee (maybe not an option at Interac), etc. Also I would suggest that unless you are small in stature, buy clothes before coming out here and bring any common over-the-table medicine and vitamins that you take with you (they are very expensive here).

Looking for private students is sometimes a crapshoot as it does depend on where you are, when you have free time in your schedule, and where you advertise or manage to get referral students from. As to hourly lesson rates, I think 4-5000 yen is high (for Tokyo), but it depends on your academic credentials, how good your Japanese is, and connections, and how eager (translate that as desperate in some cases) your prospective students are in the area that you are based. Also your appearance and age will have some bearing on that as well, if you're a good looking woman, well then you could consider hostessing as well Razz !
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rvsensei



Joined: 16 Jan 2006
Posts: 18
Location: Los Angeles,CA

PostPosted: Sun Jan 22, 2006 10:06 pm    Post subject: Reply with quote

I starting to really save money after one year in JApan, after I traveled and experienced new things. Depends how disciplined you are, I liked going to eat and drink once a week or so. After a year, you should have a better financial sitiuation and time to get other part-time jobs if you wish. Sometimes you may have to teach on Saturdays and pocket that money as your savings. I earned from 50,000-90,000 yen a month just teaching on SAt, but you gotta be willing to have only one day off a week.
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Nismo



Joined: 27 Jul 2004
Posts: 520

PostPosted: Sun Jan 22, 2006 11:25 pm    Post subject: Reply with quote

I save $1000 USD / month.
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Rorschach



Joined: 25 Mar 2004
Posts: 130
Location: Osaka

PostPosted: Mon Jan 23, 2006 1:58 am    Post subject: Reply with quote

With privates in tow now I can save roughly 150000yen a month if I don't have any big expenses that month (such as insurance, tax etc.) I usually put aside 100000yen. I make 320000yen after tax with privates included approx. so it is possible to save money here.
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cornishmuppet



Joined: 27 Mar 2004
Posts: 642
Location: Nagano, Japan

PostPosted: Mon Jan 23, 2006 4:18 am    Post subject: Reply with quote

I agree with the other posters, all depends on where you live and what you do. In the centre of Tokyo I doubt you`d save much, but in a smaller place you could save 100,00 a month if you really wanted to. I had a friend who religiously sent home 110,000 a month, though she did very little travelling while she was here and didn`t go out all that much. I go out to restaurants three or four times a week, eat lunch in cafes, go snowboarding and travelling on the odd weekend, and can still save about 50,000 out of my 260k salary. My overheads are low, though, my rent is only 33k because I live in a box, though its quite a nice box!

I did find that a couple of weekends away, say in Tokyo, and that was most of my savings for a month gone. Same if I bought anything significant, like a computer or digital camera.

My main tip - walk to the pub and get pissed on Conveny beer on the way. I`ve found drinking to be the most expensive thing here (bar the Shinkansen!). A beer is 500yen in a cheap place, which is only 2.50 Uk pounds, about the same as a pint back home, but over here you usually get a pansy little glass that:s gone in a couple of gulps and I can easily put away 15 of them on a hard night. Even five or six and its adding up. I don`t go to the pub much, but when I do I have a few first, or just don`t get very drunk.

Good luck, eh.

Chris
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cornishmuppet



Joined: 27 Mar 2004
Posts: 642
Location: Nagano, Japan

PostPosted: Mon Jan 23, 2006 4:18 am    Post subject: Reply with quote

I agree with the other posters, all depends on where you live and what you do. In the centre of Tokyo I doubt you`d save much, but in a smaller place you could save 100,00 a month if you really wanted to. I had a friend who religiously sent home 110,000 a month, though she did very little travelling while she was here and didn`t go out all that much. I go out to restaurants three or four times a week, eat lunch in cafes, go snowboarding and travelling on the odd weekend, and can still save about 50,000 out of my 260k salary. My overheads are low, though, my rent is only 33k because I live in a box, though its quite a nice box!

I did find that a couple of weekends away, say in Tokyo, and that was most of my savings for a month gone. Same if I bought anything significant, like a computer or digital camera.

My main tip - walk to the pub and get pissed on Conveny beer on the way. I`ve found drinking to be the most expensive thing here (bar the Shinkansen!). A beer is 500yen in a cheap place, which is only 2.50 Uk pounds, about the same as a pint back home, but over here you usually get a pansy little glass that:s gone in a couple of gulps and I can easily put away 15 of them on a hard night. Even five or six and its adding up. I don`t go to the pub much, but when I do I have a few first, or just don`t get very drunk.

Good luck, eh.

Chris
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cornishmuppet



Joined: 27 Mar 2004
Posts: 642
Location: Nagano, Japan

PostPosted: Mon Jan 23, 2006 4:18 am    Post subject: Reply with quote

I agree with the other posters, all depends on where you live and what you do. In the centre of Tokyo I doubt you`d save much, but in a smaller place you could save 100,00 a month if you really wanted to. I had a friend who religiously sent home 110,000 a month, though she did very little travelling while she was here and didn`t go out all that much. I go out to restaurants three or four times a week, eat lunch in cafes, go snowboarding and travelling on the odd weekend, and can still save about 50,000 out of my 260k salary. My overheads are low, though, my rent is only 33k because I live in a box, though its quite a nice box!

I did find that a couple of weekends away, say in Tokyo, and that was most of my savings for a month gone. Same if I bought anything significant, like a computer or digital camera.

My main tip - walk to the pub and get pissed on Conveny beer on the way. I`ve found drinking to be the most expensive thing here (bar the Shinkansen!). A beer is 500yen in a cheap place, which is only 2.50 Uk pounds, about the same as a pint back home, but over here you usually get a pansy little glass that:s gone in a couple of gulps and I can easily put away 15 of them on a hard night. Even five or six and its adding up. I don`t go to the pub much, but when I do I have a few first, or just don`t get very drunk.

Good luck, eh.

Chris
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cornishmuppet



Joined: 27 Mar 2004
Posts: 642
Location: Nagano, Japan

PostPosted: Mon Jan 23, 2006 4:20 am    Post subject: Reply with quote

for some reason I posted that four times. Don`t know how that happened, sorry. You only need to read it once, eh?
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Gordon



Joined: 28 Jan 2003
Posts: 5309
Location: Japan

PostPosted: Mon Jan 23, 2006 4:22 am    Post subject: Reply with quote

cornishmuppet wrote:
for some reason I posted that four times. Don`t know how that happened, sorry. You only need to read it once, eh?


You can go back and hit the red delete button on the right hand corner if you want to have only one post. You probably got impatient and kept hitting the send button while it was sloooooowly loading. I do it too sometimes.
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tokyo376



Joined: 29 Jan 2006
Posts: 39
Location: Tokyo

PostPosted: Mon Jan 30, 2006 4:04 am    Post subject: Reply with quote

I live in downtown Tokyo, eat out once a day, go drinking once or twice a week and manage to save 100,000 yen a month. I don't teach any privates. Most teachers who want to save money manage to find cheap ways to live, but still enjoy themselves.
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