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naturegirl321

Joined: 04 May 2003 Posts: 9041 Location: home sweet home
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Posted: Thu Jun 21, 2007 7:22 pm Post subject: How much can you save a month? |
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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
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Posted: Thu Jun 21, 2007 9:15 pm Post subject: |
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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
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Posted: Thu Jun 21, 2007 11:55 pm Post subject: |
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| 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
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Posted: Fri Jun 22, 2007 12:01 am Post subject: |
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| 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
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Posted: Fri Jun 22, 2007 3:12 am Post subject: |
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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
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Posted: Fri Jun 22, 2007 4:02 am Post subject: |
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| 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
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Posted: Fri Jun 22, 2007 4:04 am Post subject: |
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| 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
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Posted: Fri Jun 22, 2007 4:27 am Post subject: |
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| 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...
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Posted: Fri Jun 22, 2007 5:00 am Post subject: |
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I also live in a city that is not Xian in Shaanxi , 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  |
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dave_merk
Joined: 22 Mar 2006 Posts: 208
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Posted: Fri Jun 22, 2007 5:37 am Post subject: |
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| 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
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Posted: Fri Jun 22, 2007 7:09 am Post subject: |
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