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Saving money in China
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Zero



Joined: 08 Sep 2004
Posts: 1402

PostPosted: Fri Dec 03, 2010 4:07 pm    Post subject: Reply with quote

You could just get one of those beer hats that people wear at baseball games and walk around with that on wherever you go. Stock it up with some cheap Chinese brand. Actually you could carry a cooler around with you. You'll save a bundle.
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choudoufu



Joined: 25 May 2010
Posts: 3325
Location: Mao-berry, PRC

PostPosted: Sat Dec 04, 2010 5:30 am    Post subject: Reply with quote

mdickun83 wrote:
... I also need to send at least 500/ month home for college loans because that's my min payments.

Again, thanks for the help.


do you have any savings? how long can you go (paying your
loans) without working? what happens when you arrive in
china, and you find your employer doesn't exist?

i don't think china is the place to start if you NEED money.
better to work two jobs in your homeland for a year or two,
save some money, then play teacher.

...and you have no experience. i'm assuming that includes
'communications?' what happens when you decide you've had
enough of china? how do you find a job in your home country
with no experience and a three-year-old communications
degree?
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El Chupacabra



Joined: 22 Jul 2009
Posts: 378
Location: Kwangchow

PostPosted: Sat Dec 04, 2010 7:54 am    Post subject: Reply with quote

choudoufu wrote:
mdickun83 wrote:
... I also need to send at least 500/ month home for college loans because that's my min payments.

Again, thanks for the help.


do you have any savings? how long can you go (paying your
loans) without working? what happens when you arrive in
china, and you find your employer doesn't exist?

i don't think china is the place to start if you NEED money.
better to work two jobs in your homeland for a year or two,
save some money, then play teacher.

...and you have no experience. i'm assuming that includes
'communications?' what happens when you decide you've had
enough of china? how do you find a job in your home country
with no experience and a three-year-old communications
degree?


But for those of who aren't playing teacher, a China gig offers continuous experience. Home country jobs are thing of the great Republican past.

Student loan holders can defer payback for up to 3 years, and during this time wire as much money as they want back to Nelnet. Thanks to the buffoon in the White House, the dollar is cheaper than ever, so paying down those loans ain't hard. Remember that most of us have free housing.
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5h09un



Joined: 01 Jul 2010
Posts: 140

PostPosted: Sun Dec 05, 2010 8:30 am    Post subject: Reply with quote

i'm finishing my second semester in a couple of weeks and i've managed to save over 20,000 RMB since the beginning of april, which is when i arrived in china. my base salary is 4,600, but i've put away at least 10,000 RMB in the last two months alone. i've only been in my current city for about four months, but i'm making more and more as time goes on.

you may find that money will pile up much faster if you stay out of bars and night clubs. i've stopped going out to bars and clubs because i never feel safe anymore. i've had a phone stolen and i've been there when some of my friends have been violently attacked without provocation...unless not being chinese is considered provocative. i figure it's only a matter of time before it's my turn to get beaten up, or worse, if i keep going, so i've given it up. and frankly, i don't miss that scene at all.

your mileage may vary, however. i live in a pretty boring provincial capital. if you end up somewhere more cosmopolitan, there will probably be plenty of opportunities to really enjoy yourself on weekends.

good luck!
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nickpellatt



Joined: 08 Dec 2006
Posts: 1522

PostPosted: Sun Dec 05, 2010 9:58 am    Post subject: Reply with quote

Quote:
Because honestly, the hourly rate is pretty good but if I'm only working 20 or 25 hours/ week I'm going to have a lot of time to spend money. I'd like to work about 40 hours/ week.


It may not be as simple as you think. 20 or 25 hours a week in-class, may well equate to 40 hours a week because of preparation. Some teachers take as much prep time as they do class time! Even if you are fortunate enough to be given material to teach from, you cant really just walk into class with it and wing your way through. The difficulty of prep is multiplied if you have a number of different classes covering different age groups and ability levels. Of course, the flipside is some people do get lucky and have 12 different classes they see once a week, which means just preparing one lesson and teaching the same thing mutliple times, but dont expect to have this as a given.

You only have to look through thread with people asking 'what can I teach', 'Does anyone know any good online resources', to realise that people often struggle to put decent lessons together.

I have a lot of print and teach resources now, and use some great 'teach off the page' books like the Face2Face series ... but even these still take work outside class as I have to look at the material, look at my class, and figure a way of getting the students to interact and work with the material to deliver a semi-decent lesson.

While its nice to save money, your ideas wouldnt be a good fit for me. If I wanted to work waaaaay in excess of 40 hours a week (which I reckon 25 class hours, privates, plus prep would be) then Id prefer to stay at home and slog my guts out. Going to China surely has (in part) to be about enjoying the country, culture and people and its gonna be hard to do that on such a heavy workload IMO
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swoodman



Joined: 15 Oct 2010
Posts: 8

PostPosted: Sun Dec 05, 2010 5:14 pm    Post subject: Reply with quote

I was anxious to discover Ive spent 10,500 RMB since arriving a month ago. Im living in a very big but supposedly cheap city. Ive paid three months rent but that only set me back 3000 RMB and I have little idea what I did with the rest........

1 night out in a club and 1 night out in a bar... admittedly quite a few taxis but seriously......

Ive been eating out a whole lot....but never spending much more than 15 rmb a meal. Would I really save that much more cooking at home?

Is this normal and is there any advice you could give me?
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Zero



Joined: 08 Sep 2004
Posts: 1402

PostPosted: Sun Dec 05, 2010 11:35 pm    Post subject: Reply with quote

Gotta track your expenses for a month, every last yuan. If you want to be fancy, use Excel. Otherwise, pen and paper will do. Only then will you know where your money is really going, and you can budget accordingly thereafter.
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sharpe88



Joined: 21 Oct 2008
Posts: 226

PostPosted: Mon Dec 06, 2010 2:33 am    Post subject: Reply with quote

Some talk about low teacher's wages but one can easily save 60% or more of your take home pay in China. I doubt you can do that back home with taxes and living expenses. So you'd probably save as much or more than an entry-level job back home.

Some real talk: the biggest expense is Chinese women.
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El Chupacabra



Joined: 22 Jul 2009
Posts: 378
Location: Kwangchow

PostPosted: Mon Dec 06, 2010 5:22 pm    Post subject: Reply with quote

sharpe88 wrote:
Some real talk: the biggest expense is Chinese women.


Women are also expensive back home, but not if you slap'em around enough.
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mdickun83



Joined: 07 Sep 2010
Posts: 41

PostPosted: Mon Dec 06, 2010 11:37 pm    Post subject: Reply with quote

Thanks for the help everyone. I'll mull it over.
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swoodman



Joined: 15 Oct 2010
Posts: 8

PostPosted: Tue Dec 07, 2010 5:26 am    Post subject: Reply with quote

Quote:
my base salary is 4,600, but i've put away at least 10,000 RMB in the last two months alone


Is this a math mistake or down to privates? How many are you doing?
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seamallowance



Joined: 20 Apr 2010
Posts: 151
Location: Weishan, Jining, Shandong

PostPosted: Tue Dec 07, 2010 6:37 am    Post subject: Reply with quote

For yet another perspective, it is my first job in China, I live in a tertiary city, I buy DVDs and crap off of Taobao, eat lunch out every day and drink the local brandy, but only at home. I save about $500 a month.
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mdickun83



Joined: 07 Sep 2010
Posts: 41

PostPosted: Tue Dec 07, 2010 5:46 pm    Post subject: Reply with quote

seamallowance wrote:
For yet another perspective, it is my first job in China, I live in a tertiary city, I buy DVDs and crap off of Taobao, eat lunch out every day and drink the local brandy, but only at home. I save about $500 a month.


How much money are you making per month, if you don't mind me asking?

Also, what is a tertiary city?
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Kiwi303



Joined: 20 Nov 2010
Posts: 165
Location: Chong Qing Jiao Tong Da Xue, Xue Fu Da Dao, Nan An Qu, Chong Qing Shi, P. R China

PostPosted: Tue Dec 07, 2010 11:20 pm    Post subject: Reply with quote

mdickun83 wrote:

Also, what is a tertiary city?


I can help with this at least, despite never have being in china. Cities are classified into Teirs depending on their size and importance,

Tier 1 is big, full service metropolises, think Shanghai, Beijing etc, sort ofl ike L.A and N.Y.C in the states,

Teir 2 is still big, not quite as high status, still got the normal range of city services, sor of like Springfielid, IL. or Seattle, WA..

Teir 3, decent cities, mainly focussed on one side of things, eg manufacturing, mining, etc... not as big or as interesting to expats but survivable.

The system goes down to single street dirt road villages in the rural boonies where the only nightlife is a bottle of homebrew in the courtyard of the village elder after work in the fields is over for the day.


The further down you go, the more stares and shouts of "laowai" you attract and generally the lower the wages but the costs of living drop faster than the wages.
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Zero



Joined: 08 Sep 2004
Posts: 1402

PostPosted: Wed Dec 08, 2010 3:18 am    Post subject: Reply with quote

Pretty much agree, except Springfield, whose metro area is only about 200,000 people, doesn't belong to the second tier. Are you thinking of Chicago?

I would say the U.S. goes like this:

First tier: NY, LA, probably Chicago

Second tier: Boston, San Francisco, Atlanta, Seattle, Dallas, Miami, etc.

Third tier: Indianapolis, Charlotte, Albuquerque, Sacramento, Jacksonville, Birmingham, etc.

Springfield is probably in the fourth tier.
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