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Possible to save in China?
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MidwestWanderer



Joined: 06 Feb 2007
Posts: 4
Location: U.S.

PostPosted: Sat Mar 17, 2007 4:02 pm    Post subject: Possible to save in China? Reply with quote

I'd like to teach English in China for a few years, and I'm wondering if it's at all possible to save money while doing so. From what I gather, salaries are highest in Korea, but I'm far more interested in living in China. Obviously one doesn't take a teaching job for monetary gain, but I'd rather not return home broke. By the time I begin teaching, I'll have an MA (not in anything related to TEFL, I'm afraid) and several years experience as a graduate teaching assistant. I don't much care where I live, though it would be nice to be somewhere with a relatively warm climate. Assuming a decent salary and a job in a region with moderate living expenses, what can one reasonably expect to save over the course of several years?
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7969



Joined: 26 Mar 2003
Posts: 5782
Location: Coastal Guangdong

PostPosted: Sat Mar 17, 2007 4:18 pm    Post subject: Reply with quote

your question is really impossible to answer as there are too many variables to consider. you'll know how much you can save once you get here and determine how you can live on each month.

7969
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MidwestWanderer



Joined: 06 Feb 2007
Posts: 4
Location: U.S.

PostPosted: Sat Mar 17, 2007 7:27 pm    Post subject: Reply with quote

Well, maybe you could answer the question by discussing your experience in Guangdong, a place that interests me. I'm not expecting some sort of standard response; I'd just like to get a sense of people's ability to save given the circumstances of their job, its location, etc.
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eslstudies



Joined: 17 Dec 2006
Posts: 1061
Location: East of Aden

PostPosted: Sat Mar 17, 2007 9:18 pm    Post subject: Reply with quote

3 years in Shanghai. Made 10,000 a month, saved 5-6,000 a month.
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sheeba



Joined: 17 Jun 2004
Posts: 1123

PostPosted: Sun Mar 18, 2007 1:10 am    Post subject: Reply with quote

How much do you ant to save?

I'm having the same dispute in my head . I 'm thinking of the move to Korea if I can't start saving . I've saved pretty much f all in 3 years . I can save 1000 pounds in one semester and that was on earnings of 6500 a month . I was saving about 4500 a month and being frugal (spending 2k a month on living )

I've been looking at positions and really it does not look good for standard teaching jobs . But I have seen jobs that pay up to 15 k if you have a specialised skill . The ones I 've seen are Business and a DOS position . One of those was for Pricewaterhouse Coopers and they offer BUPA health package as well !!

If you have a Business Masters perhaps you could try and go in this direction . I think if I can get a DOS position that pays 15k I can afford to stay in China . If that does not happen I simply have to leave as I 'm gonna end up without a pot to pish in !!
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Ariadne



Joined: 16 Jul 2004
Posts: 960

PostPosted: Sun Mar 18, 2007 2:19 am    Post subject: Reply with quote

My salary is 5500rmb per month at a university, with accommodation provided, and I can save about half of it quite easily. It's just me though.. no family here. I usually take cabs instead of busses, often go out for dinner, and spend the occassional night at a nice hotel. Saving money doesn't mean I take it all home though, since the savings are usually spent on some type of travel. There are other teachers here who have trouble making it to the end of the month on their salary. As someone mentioned earlier, it's different for everyone. Don't forget your start-up costs, which are usually less for men than women. (Women tend to like having more than one towel, spoon, cup, sheet, etc.)

.
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fitzgud



Joined: 24 Jan 2006
Posts: 148
Location: Henan province

PostPosted: Sun Mar 18, 2007 2:39 am    Post subject: Reply with quote

(Women tend to like having more than one towel)







I have also met some large women here!
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MidwestWanderer



Joined: 06 Feb 2007
Posts: 4
Location: U.S.

PostPosted: Sun Mar 18, 2007 2:53 am    Post subject: Reply with quote

Thanks for your responses. As much as I'd love to spend some time in China teaching, I'll likely end up in Korea as the ability to save a bit of money is an issue for me. I'm a pretty frugal guy, but it doesn't appear that one can earn in China anywhere near the typical Korean FT salary without a wealth of experience or some specialized skill.
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mondrian



Joined: 20 Mar 2005
Posts: 658
Location: "was that beautiful coastal city in the NE of China"

PostPosted: Sun Mar 18, 2007 11:04 am    Post subject: Reply with quote

fitzgud wrote:
(Women tend to like having more than one towel)

I have also met some large women here!


After a shower, my wife makes me use a hand towel to dry on. At first I couldn't understand why; but when you come to WASH a bath towel by hand I can see the logic in her thinking. Also your skin dries quickly once the surface water has been wiped off, so using a small towel is a "cultural" thing.
To return to the original topic: having working in the three Asian "powerhouses": I received the most money in Japan, saved the most cash in Korea and have the best quality of life in China (including the outright buying of my own apartment with just 2 years of saving my Chinese salary)
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7969



Joined: 26 Mar 2003
Posts: 5782
Location: Coastal Guangdong

PostPosted: Sun Mar 18, 2007 11:18 am    Post subject: Reply with quote

MidwestWanderer wrote:
Well, maybe you could answer the question by discussing your experience in Guangdong, a place that interests me. I'm not expecting some sort of standard response; I'd just like to get a sense of people's ability to save given the circumstances of their job, its location, etc.

i dont save any of my salary here, i use all of it. if banking some money is important to you, and you have no specialized skills, and dont have any connections/network of connections in any of the places where FTs make good money in china (SH, BJ, GZ, SZ etc) you would be better off in korea, japan or maybe taiwan.
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daeckardt



Joined: 12 Mar 2007
Posts: 8
Location: Zhuhai

PostPosted: Sun Mar 18, 2007 12:17 pm    Post subject: Re: Possible to save in China? Reply with quote

MidwestWanderer wrote:
I'd like to teach English in China for a few years, and I'm wondering if it's at all possible to save money while doing so. From what I gather, salaries are highest in Korea, but I'm far more interested in living in China. Obviously one doesn't take a teaching job for monetary gain, but I'd rather not return home broke. By the time I begin teaching, I'll have an MA (not in anything related to TEFL, I'm afraid) and several years experience as a graduate teaching assistant. I don't much care where I live, though it would be nice to be somewhere with a relatively warm climate. Assuming a decent salary and a job in a region with moderate living expenses, what can one reasonably expect to save over the course of several years?


As far as saving money, I usually had 1000 RMB left at the end of the month. By the end of the semester, I had enough saved up to take a trip to Thailand/Cambodia for five weeks and on my return I bought a new computer. I was thinking of opening a second savings account that I didn't access at all, but I have not done so yet. I could probably put away 1000 RMB a month without having any effect on my living and often times more than that. But I generally don't party. I eat out for every meal, but spend little else so my living expenses are quite low (2000-3000 per month). My only problem this past term has been my brother having his hand out all the time. Once I stop that, I should be able to save 4000 or more each month. I am told that the cost of living in Korea is high so they HAVE to pay more. I don't know if that is true, but that is what I have heard.
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Anda



Joined: 16 Jan 2003
Posts: 2199
Location: Jiangsu Province

PostPosted: Sun Mar 18, 2007 12:29 pm    Post subject: Um Reply with quote

Um, it's fairly easy to answer your question here I teach at a government college here in China and get $800 Australian a month plus accommodation, airfares etc. South Korea I would get $3,000 Australian plus accommodation and airfares as a level one EPIK teacher in the public school system. Food isn�t that expensive in South Korea if you want to eat cheaply. Here in China it�s very cheap.

Let�s say I can save half my wages here if I want to, that�s $400 Australian. In South Korea I could save $2.000 if I wanted too. It�s also easy to spend the lot here or there if you don�t want to save.

Hours are about the same.

Yesterday I had a half hour back massage and then I went and had a one hour foot massage, the lot came to $6 Australian. Um and I find the Chinese teachers better to work with than the Koreans. Japan the wages have been more or less fixed for a long time and usually you have to pay for accommodation. Tiawain used to be hard to get enough hours in at just one place, I don't know about these days and the food is not the best but great students.
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sheeba



Joined: 17 Jun 2004
Posts: 1123

PostPosted: Sun Mar 18, 2007 1:05 pm    Post subject: Reply with quote

Anda . what's with the 'Um'

Ummmmmmmmmmmm Smile
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Anda



Joined: 16 Jan 2003
Posts: 2199
Location: Jiangsu Province

PostPosted: Sun Mar 18, 2007 2:04 pm    Post subject: Um Reply with quote

Sheeba
Um, is a sound that some, um, people make, um, when they, um, are hesitating and um, trying to decide um, what to say next, um,
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sheeba



Joined: 17 Jun 2004
Posts: 1123

PostPosted: Sun Mar 18, 2007 2:28 pm    Post subject: Reply with quote

you like a good um don't you . don't let me ummmmmm stop you .
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