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Saving money in Japan
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Evan2009



Joined: 26 Dec 2008
Posts: 41

PostPosted: Sat Mar 21, 2009 2:29 pm    Post subject: Saving money in Japan Reply with quote

I have been looking for work in the Middle East. I need to save at least $2,000 a year. I'd prefer Japan but I've heard the economy is bad + high cost of living makes saving difficult. Is this true? There are some old posts (2004) comparing teaching in Japan with Saudi Arabia. The writers insist that they can save $2,000 or more a month. If this was true in 2004, is it true now? What are conditions like now in Japan. Thanks for your input.
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BobbyBan



Joined: 05 Feb 2008
Posts: 201

PostPosted: Sat Mar 21, 2009 3:08 pm    Post subject: Re: Saving money in Japan Reply with quote

Evan2009 wrote:
I have been looking for work in the Middle East. I need to save at least $2,000 a year. I'd prefer Japan but I've heard the economy is bad + high cost of living makes saving difficult. Is this true? There are some old posts (2004) comparing teaching in Japan with Saudi Arabia. The writers insist that they can save $2,000 or more a month. If this was true in 2004, is it true now? What are conditions like now in Japan. Thanks for your input.


Have a look at this and also try a search for "savings" or something like that.


Saving 2000 dollars (US?) a year should be very easy to do, are you sure it's not a typo? Saving 2000 dollars a month is going to be all but impossible for anyone who doesn't already have a full-time university or high school job lined up (I'm assuming you don't).

Bear in mind you'll also need to bring a fairly large amount of cash with you to spend until you get your first paycheck. The exchange rate is not going to be in your favour when you arrive. The yen is very strong against the US dollar and most other currencies. It's good when you start earning but not until then and you still won't be able to save 2000 dollars a month.
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Apsara



Joined: 20 Sep 2005
Posts: 2142
Location: Tokyo, Japan

PostPosted: Sat Mar 21, 2009 11:37 pm    Post subject: Reply with quote

Did you mean $20,000 a year? And do you mean USD? Pretty much impossible to save that amount per year on an entry-level eikaiwa or ALT salary- with discipline, $10,000- $12,000 a year would be more realistic. If you mean New Zealand or Australian dollars then it becomes more possible at current exchange rates, but I'm guessing you meant USD.
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Glenski



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

PostPosted: Sun Mar 22, 2009 12:06 am    Post subject: Reply with quote

Saving US$2000 (roughly 200,000) a month in Japan is pretty much impossible as a newbie teacher, mostly because that is almost your entire salary. Even for a veteran living here, you'd have to almost be a single person with a salary double that, and/or very frugal.

Saving US$2000 per year is easy. Figure even a non-frugal person could save $500 per month. Many save more.
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rmcdougall



Joined: 28 Feb 2009
Posts: 71

PostPosted: Sun Mar 22, 2009 4:47 am    Post subject: Reply with quote

How does savings go down if one likes to hit the pubs?
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markle



Joined: 17 Jan 2003
Posts: 1316
Location: Out of Japan

PostPosted: Sun Mar 22, 2009 6:58 am    Post subject: Reply with quote

rmcdougall wrote:
How does savings go down if one likes to hit the pubs?

like the proverbial lead balloon
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Glenski



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

PostPosted: Sun Mar 22, 2009 8:44 am    Post subject: Reply with quote

Drink conservatively twice a week, and you can expect to spend 50,000 yen per month.

Conservatively, mind you.

This accounts for missing the trains a time or two (they end at midnight, and you have to pay double taxi fares). How much you really pay depends entirely on you:

beer vs. hard stuff
clubs with "charm charges" or not
all-you-can-drink periods or regular hours
heavy or light drinker

Vending machines offer beer and other stuff, and supermarkets & convenience stores sell it, too, often at cheaper prices just like home.
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Apsara



Joined: 20 Sep 2005
Posts: 2142
Location: Tokyo, Japan

PostPosted: Sun Mar 22, 2009 11:14 am    Post subject: Reply with quote

For large cities I would add "central or suburban bars" to the list above. The same drink in central Tokyo will often cost twice as much as it would in an izakaya in the suburbs, if not three times.
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Evan2009



Joined: 26 Dec 2008
Posts: 41

PostPosted: Sun Mar 22, 2009 8:40 pm    Post subject: oops Reply with quote

Sorry for the dumb typo. $2,000 (US dollars) minimum per month, not year! Also I have teaching experience. I would need a contract before leaving the US.
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Glenski



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

PostPosted: Sun Mar 22, 2009 9:43 pm    Post subject: Reply with quote

Well, now you know that it'll be almost impossible to save that much.

Put another restriction on top of that, like needing a contract before you leave, and you reduce your odds immensely. There are only a dozen or so places that offer such. JET Programme is the only one I know that will pay anything over 250,000 yen/month. Its salary of 300,000 yen/month will barely let you skimp by if you want to save 2/3 of that. You might get very lucky and land a JET ALT position with no rent, but there is no guarantee of such.
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