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Realistic savings over a year in Japan
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Knaved



Joined: 27 Jan 2010
Posts: 34
Location: Earthquake zone

PostPosted: Wed Feb 17, 2010 2:05 pm    Post subject: Realistic savings over a year in Japan Reply with quote

I am currently on a 12 month contract in Libya and when it ends I am contemplating working for a couple of years in Japan.

The money here in Libya is good. Enough to save about $2300 each month. However the social life rivals that of the KSA so I'd prefer to teach in a country where people actually have somewhere worth going to at nights/weekends!

I realise that I won't be able to save that much in Japan but leading a normal life, i.e not being a hermit', how much can I realistically hope to save each year?

I have 12 years experience, TESOL, DELTA and all my own teeth!
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Glenski



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

PostPosted: Wed Feb 17, 2010 3:16 pm    Post subject: Reply with quote

Depending on where you live (city/countryside) and what sort of housing you can get, I'd say US$500 per month ought to be easy. Some do twice that, but they are careful spenders.

That's with one employer. You can add to that with PT work on the side.
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flyer



Joined: 16 May 2003
Posts: 539
Location: Sapporo Japan

PostPosted: Thu Feb 18, 2010 2:24 am    Post subject: Reply with quote

yes, the keyword is "careful spenders"

yes, if you intend to go out and spend your money (it seems to be your main reason to come here?) then your money will go quickly

It all depends on what kind of job you get, as there are all sorts, a huge range of wages and with budgets being cut the prospects don't seem to be getting any better
If its money you want, stay in Libya.
I am no spring chicken (don't go out as much as I used to) but I can save
15man no problem = 1500$us per month
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dove



Joined: 01 Oct 2003
Posts: 271
Location: USA/Japan

PostPosted: Thu Feb 18, 2010 4:11 am    Post subject: Reply with quote

There are so many factors that influence saving in Japan. Of course, how much you make and how much you pay for rent are key points. But more important than that is how much you like to go out and how much you want to travel in Japan and perhaps in Asia. My first year I saved almost nothing because I was always traveling, going out on the weekends, buying cool things, studying Japanese, etc. I don't regret it, but now I can save anywhere from 200,000 yen to 400,000yen per month. (I free-lance and my salary seems to change each month). I don't go out drinking that much (been there, done that) and I've already been around Japan and SE Asia. I also don't drive, have all my transportation covered by my employers, cook my own meals, use a pre-paid phone, know where to shop for discounts, teach a lot of private lessons....see, it's really relative and (the favorite phrase in Japan) case by case.
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Glenski



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

PostPosted: Thu Feb 18, 2010 11:41 am    Post subject: Reply with quote

dove wrote:
now I can save anywhere from 200,000 yen to 400,000yen per month. (I free-lance and my salary seems to change each month).
Aside from the other things you mentioned to qualify your lifestyle, just what is your salary to be able to save the above figures?

That's some serious savings! Definitely far above the norm.
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dove



Joined: 01 Oct 2003
Posts: 271
Location: USA/Japan

PostPosted: Thu Feb 18, 2010 12:32 pm    Post subject: Reply with quote

This my month my salary is 600,000 yen. I worked REALLY hard and I found one of those rare 12,000yen per hour jobs. Next month it won't be as much, probably 400,000yen. I've got a feeling it 'll go down to 350,00yen the following month as some of my contracts come to an end. Working a bunch of part-time jobs can be lucrative. It's not for everyone--most wouldn't want my commute all over Tokyo. Most wouldn't want to teach morning classes at companies. It's also a bit of a gamble and a bit of a hustle, always lining up new contracts. But so far it's been good to me.
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ShioriEigoKyoushi



Joined: 21 Aug 2009
Posts: 364
Location: Japan

PostPosted: Thu Feb 18, 2010 2:08 pm    Post subject: Reply with quote

Text deleted

Last edited by ShioriEigoKyoushi on Tue Mar 23, 2010 3:20 pm; edited 1 time in total
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ssjup81



Joined: 15 Jun 2009
Posts: 664
Location: Adachi-ku, Tokyo, Japan

PostPosted: Thu Feb 18, 2010 5:28 pm    Post subject: Reply with quote

I would hope to save a decent amount. I've always done it with any job I've had. I would split my paycheck three-ways.

Part goes towards the monthly expenses (utilities, rent, groceries, car/transportation, phone or internet, etc.)
Part would be play money (like if I want to buy something extra or go out)
Part would go into savings (meaning I don't touch it unless I have no choice)

If disciplined enough, I'm sure I could save something, but of course my first month there, I'd try not to spend on anything "extra" so to speak until I get an idea as to how much stuff costs for the area and bargain hunt and all that (as far as things like transportation and stores go).
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Glenski



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

PostPosted: Thu Feb 18, 2010 9:55 pm    Post subject: Reply with quote

dove wrote:
Working a bunch of part-time jobs can be lucrative. It's not for everyone--most wouldn't want my commute all over Tokyo. Most wouldn't want to teach morning classes at companies. It's also a bit of a gamble and a bit of a hustle, always lining up new contracts.
Like Shiori, I don't like to ask people about money for similar reasons. People will have to compare so many variables and lifestyles.

From just the above information, I would just like to further emphasize for the OP and other readers that working a lot of PT jobs is not something that the majority of newcomers will do in their first year. Figure on a job running 220,000-300,000 yen/month (depending on many things, too). Tacking on PT work is definitely possible, but in the first year people will not usually do that right away. I suspect dove has been here a while, unlike newcomers.

Factor in a wide range of possible rent (20,000 to 110,000 yen/month), utilities 5000-20,000 yen/month, food (30,000-60,000), and you are left with insurance as the only other variable for basic necessities. People don't usually live just on those necessities, either, so there is a bigger chunk taken out of that paycheck. "Knaved" has 12 years of experience, but that's in Libya, and a lot of J employers won't count that, so they'll have to start with the lower end entry level jobs.
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Apsara



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

PostPosted: Thu Feb 18, 2010 11:08 pm    Post subject: Reply with quote

flyer wrote:
yes, the keyword is "careful spenders"

yes, if you intend to go out and spend your money (it seems to be your main reason to come here?) then your money will go quickly

It all depends on what kind of job you get, as there are all sorts, a huge range of wages and with budgets being cut the prospects don't seem to be getting any better
If its money you want, stay in Libya.
I am no spring chicken (don't go out as much as I used to) but I can save
15man no problem = 1500$us per month


I agree that posting figures of how much you can save per month without saying what your total income is is not so meaningful really. I believe flyer also earns over 400,000 a month, so his savings figures are don't apply to new arrivals either. Even dove's lower end savings figure (200,000 yen) is more than some new arrivals get per month.

It could also be worthwhile for people to say how long they have been here when they say how much they are saving so that new arrivals can get some idea of how long it takes to reach that level of savings.
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dove



Joined: 01 Oct 2003
Posts: 271
Location: USA/Japan

PostPosted: Fri Feb 19, 2010 12:42 am    Post subject: Reply with quote

I agree that it's important to say how long one has been here to put things in perspective when it comes to discussions about income and saving money. I have been here for about 10 years (but not consecutively). I want to emphasize that I am a free-lancer who works only a string of part-time jobs, plus private lessons. New arrivals couldn't work this way because of visa sponsorship. (I am self-sponsoring my visa now). I also wouldn't recommend that new arrivals fret over saving every yen and miss out on all the wonderful things in Japan (travel, nightlife, shopping). Live within your means and make contacts and network and see what is out there in terms of jobs (if you intend on staying on in Japan). It's been easy for me to save because I don't pay for transportation, I cook almost all my own meals, I don't care about gadgets, I don't take many trips (but I love exploring Tokyo), I don't drink....I don't feel deprived and miserable because I've already been there and done that. Also--I have already paid off my student loans and all my credit card debt. That is the biggest factor that allows me to save.
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flyer



Joined: 16 May 2003
Posts: 539
Location: Sapporo Japan

PostPosted: Fri Feb 19, 2010 2:14 am    Post subject: Reply with quote

Apsara wrote:

I agree that posting figures of how much you can save per month without saying what your total income is is not so meaningful really. I believe flyer also earns over 400,000 a month, so his savings figures are don't apply to new arrivals either. Even dove's lower end savings figure (200,000 yen) is more than some new arrivals get per month.

yes, that is exactly what I said in my post. I said it depends on your wage!
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Apsara



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

PostPosted: Fri Feb 19, 2010 3:39 am    Post subject: Reply with quote

Yes, I know, but for people to get any benefit from you posting your savings you need to give an idea of what percentage of your income that is. I think it's obvious that potential savings levels will depend a lot on income, that's a pretty universal constant!
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flyer



Joined: 16 May 2003
Posts: 539
Location: Sapporo Japan

PostPosted: Fri Feb 19, 2010 6:27 am    Post subject: Reply with quote

yes, well we totally agree then
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LITTLE PEACHES



Joined: 25 Jun 2009
Posts: 94
Location: ORANGE COUNTY, CA & TAMA, TOKYO, JAPAN

PostPosted: Sat Feb 20, 2010 5:20 am    Post subject: Reply with quote

I walk home after rent and utilities paid with about 198,000 a month. I am able to save about 70,000 a month if i am careful. But I also cook at home, and don't go out tooo much. I go out probably 5 or 6 times, a month, which to me is not to much. I also try to do something that is memorable everymonth. I also have visitors from America here, that cause me to go into my savings. I have been here for 6 months, and just hitting $3500 in savings. So, it depends on you. If I stayed in more and was more frugal I could save more, but enjoying the country is nice also!


It has gone down a little now though because I am booking my tickets and buying things at home for people also.
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