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How much can you save a month?
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naturegirl321



Joined: 04 May 2003
Posts: 9041
Location: home sweet home

PostPosted: Thu Jun 21, 2007 7:22 pm    Post subject: How much can you save a month? Reply with quote

Realistically speaking, it seems like most salaries start arond 3500 - 10000 for those at schools, universities, not international schools.

So how much of this can you save? If your employer gives you housing, you don't have many costs do you? I know that it depends on your lifestyle. But I'm married, we don't go out too much and cook at home. How much could we save a month?
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eslstudies



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

PostPosted: Thu Jun 21, 2007 9:15 pm    Post subject: Reply with quote

Our experience in Shanghai: a couple with a young child, saw us spending around 3-4000 a month. Previously in a small SW city we needed half that. Eating out can be cheaper than home cooking.
How much you save will depend on how much you make, but we averaged 9,000 a month in SH with one and a bit jobs.
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dave_merk



Joined: 22 Mar 2006
Posts: 208

PostPosted: Thu Jun 21, 2007 11:55 pm    Post subject: Reply with quote

Don't automatically assume that your employer with pay everything. I pay all the utilities in my apartment (that my school owns).
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tw



Joined: 04 Jun 2005
Posts: 3898

PostPosted: Fri Jun 22, 2007 12:01 am    Post subject: Reply with quote

The important question is: how much do you spend per month?
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atruelove



Joined: 05 Jan 2006
Posts: 34
Location: Hohhot, Inner Mongolia

PostPosted: Fri Jun 22, 2007 3:12 am    Post subject: Reply with quote

I live with my boyfriend. The apartment is already paid for.
Together we spend about 4000 every month. We eat western food about once a week, take taxis when we feel like it - which isn't too often actually, and don't generally think too much about what we spend money on.
Last year I sometimes spent the same amount every month by myself - but I went to foreign bars then and was in a city with very expensive taxis.
I think a somewhat thoughtful single person could live off about 1500-2000 comfortably. A couple, 3500-4000. Especially, if you, like you say, don't go out much.

One danger that I've seen others fall for is the ridiculously cheap stuff - if you or your wife is a shopper you can end up denting your bank account considerably.
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Shan-Shan



Joined: 28 Aug 2003
Posts: 1074
Location: electric pastures

PostPosted: Fri Jun 22, 2007 4:02 am    Post subject: Reply with quote

Just don't get sick, and you'll be able to live off a fairly small chunk of your salary.
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tw



Joined: 04 Jun 2005
Posts: 3898

PostPosted: Fri Jun 22, 2007 4:04 am    Post subject: Reply with quote

In Hohhot I was only able to save about 45% of my salary every month because of the high cost of living and having to pay for my own Internet access. Here in Changchun I've been saving about 65% of my salary.
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SheZook



Joined: 31 Jan 2006
Posts: 187

PostPosted: Fri Jun 22, 2007 4:27 am    Post subject: Reply with quote

I save 90% of my salary every month. I live in a school apartment, my utilities are paid and I generally cook for myself. I do visit the Western restaurant once a week for pizza or a good steak but that's my most lavish expense (about 70RMB). I'm not a shopper (hate it, in fact) but I do go to the best hairdresser in town once a month and I always take taxis. I live in a relatively small city in Shaanxi province which is comparably cheaper to many other areas.
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Songbird



Joined: 09 Jan 2005
Posts: 630
Location: State of Chaos, Panic & Disorder...

PostPosted: Fri Jun 22, 2007 5:00 am    Post subject: Reply with quote

I also live in a city that is not Xian in Shaanxi Very Happy , and I save at least 75% of my salary per month. Apartment and ulilities (except drinking water and phone) paid for by the school, I am norty and get Western food a la Maccas once a week and taxis....still, I am frugal with shopping expenses because saving IS my objective Smile
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dave_merk



Joined: 22 Mar 2006
Posts: 208

PostPosted: Fri Jun 22, 2007 5:37 am    Post subject: Reply with quote

But once the OP finally gets around to having kids like she wants...you can say bon voyage to your salary and savings! Though I suppose that's true everywhere. I suspect that those school fees with be a real pain unless you get a job at an elementary school where they'll take your kid for free or at a discount.
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eslstudies



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

PostPosted: Fri Jun 22, 2007 7:09 am    Post subject: Reply with quote