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The Great Wall of Whiner

Joined: 29 Jan 2003 Posts: 4946 Location: Blabbing
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Posted: Sat Dec 03, 2011 9:34 am Post subject: |
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Depends on where you are, but I'd plan on having at least $3,000 US dollars.
First-timers often get overcharged or 'cheated' when buying items. Not always, but it is common. I say 'cheated' because most everything here is negotiable, including salary. |
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Mike E
Joined: 06 Oct 2011 Posts: 132
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Posted: Sat Dec 03, 2011 8:14 pm Post subject: |
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| I'd be glad to be able to plan on having that much... if it were anywhere near possible for me. |
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Mike E
Joined: 06 Oct 2011 Posts: 132
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Posted: Sat Dec 03, 2011 8:24 pm Post subject: |
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| What you said makes me think, though, that a very helpful thing for a newbie would be a list of reasonable prices in the area, to help him spot unfair laowai prices. |
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7969

Joined: 26 Mar 2003 Posts: 5782 Location: Coastal Guangdong
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Posted: Sun Dec 04, 2011 12:15 am Post subject: |
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| Mike E wrote: |
| I'd be glad to be able to plan on having that much... if it were anywhere near possible for me. |
It'a all relative. One person feels safer with $4000, another feels fine with $1000. In the end it's up to you. Personally I'd rather have more than less. |
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The Great Wall of Whiner

Joined: 29 Jan 2003 Posts: 4946 Location: Blabbing
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Posted: Sun Dec 04, 2011 1:01 am Post subject: |
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| Mike E wrote: |
| What you said makes me think, though, that a very helpful thing for a newbie would be a list of reasonable prices in the area, to help him spot unfair laowai prices. |
We do not know the area he/she will be in. |
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Mike E
Joined: 06 Oct 2011 Posts: 132
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Posted: Sun Dec 04, 2011 1:39 am Post subject: |
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7969 (may I call you 79?), i would rather have more than less as well... i just meant that i don't presently have anywhere near $3,000 to either carry or not carry.
great wall, i know that sort of thing would vary by region. i will be in zhongshan. i think it'd be rock solid information to find out, for instance, what in that area is a reasonable/fair amount for a cabbie to charge per km. |
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7969

Joined: 26 Mar 2003 Posts: 5782 Location: Coastal Guangdong
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Posted: Sun Dec 04, 2011 1:44 am Post subject: |
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| if you have accommodation already set up you certainly won't need $3000. Most people advocate having a few grand on hand in case the job goes pear shaped, you leave and have/want to go home. For the first month at a job with accommodation provided (university/college job) $500-1000 will do. |
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choudoufu

Joined: 25 May 2010 Posts: 3325 Location: Mao-berry, PRC
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Posted: Sun Dec 04, 2011 2:22 am Post subject: |
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| Mike E wrote: |
| .. i just meant that i don't presently have anywhere near $3,000 to either carry or not carry.... |
just how much do you have to either carry or not carry, minus
cost of airfare?
will it be enough to return you to your home country when things
turn out not as expected?
enough to get you through when your credit card issuer declines
a cash advance in china?
what is your plan b? plan c? |
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Mike E
Joined: 06 Oct 2011 Posts: 132
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Posted: Sun Dec 04, 2011 3:47 am Post subject: |
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My funds are down in the range that 7969 just said "will do." I'm currently charging all the expenses that I can charge, and that will include the airfare, until I get to the school.
Whether any of those things you just mentioned -- for instance, the need to seek a cash advance -- are real possibilities is part of what I was trying to get at with my initial question. If places tend to take credit cards in the area of Zhongshan/Macau/Hong Kong (and I understand that not every place in the world takes credit cards, but just if most of them do) I'll have to rely on that until I'm able to have more cash again.
Similarly, if one can charge flight tickets out of China, then the last-resort maneuver would be covered in the same way. |
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Opiate
Joined: 10 Aug 2011 Posts: 630 Location: Qingdao
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Posted: Sun Dec 04, 2011 4:06 am Post subject: |
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| Mike E wrote: |
My funds are down in the range that 7969 just said "will do." I'm currently charging all the expenses that I can charge, and that will include the airfare, until I get to the school.
Whether any of those things you just mentioned -- for instance, the need to seek a cash advance -- are real possibilities is part of what I was trying to get at with my initial question. If places tend to take credit cards in the area of Zhongshan/Macau/Hong Kong (and I understand that not every place in the world takes credit cards, but just if most of them do) I'll have to rely on that until I'm able to have more cash again.
Similarly, if one can charge flight tickets out of China, then the last-resort maneuver would be covered in the same way. |
Risky. You are putting yourself in a potentially ugly situation and leaving yourself few options, if any. not saying it can't be done, it certainly can but...you are going to need a little luck.
Can you borrow some cash from friends/family as a buffer? |
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Mike E
Joined: 06 Oct 2011 Posts: 132
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Posted: Sun Dec 04, 2011 4:37 am Post subject: |
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| Probably. |
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Zimmer
Joined: 26 Oct 2011 Posts: 229
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Posted: Sun Dec 04, 2011 4:59 am Post subject: |
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| Emergencies aside, you may not need enough money to last a month. If, for example your school pays salaries at the end of the month and you arrive on the 15th you'd (in theory at least) get paid for the 2 weeks, which should be enough to keep you going until the next payday. |
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Ariadne
Joined: 16 Jul 2004 Posts: 960
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Posted: Sun Dec 04, 2011 5:02 am Post subject: |
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Unless you're a one spoon, one cup, one bowl, one towel kind of guy... think about some of the items that many folks want to have for daily use.
Bath/hand towels, bed linens/comforter/pillows, dishware, pots/pans, groceries like coffee/milk/rice, lamps, waste baskets, hangers/detergent, personal care items, broom/mop/bucket, etc. Some of it can wait until your first paycheck but some things you will need right from the git.
Just because you bring the money doesn't mean you must spend it, but it can be quite uncomfortable to be broke in a strange land. Make sure you know who will pay for your RP and physical. Some schools pay, some don't. It should be addressed in your contract.
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mrwslee003
Joined: 14 Nov 2009 Posts: 190
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Posted: Thu Dec 08, 2011 4:52 am Post subject: |
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I think a couple thousand dollars would be plenty.
On the other hand if you feel so insecure about getting cheated and doing
a runner maybe the best decision is not go at all.
Common sense tells me that you have asked all sort of questions and talked to a reliable source like an Ft that is already working there, and I don't mean email talking I mean on the phone talking to your Ft contact and you employer contact and your agent contact.
And the first month there you should connect with the Ft that is already there for a while and connect with a few students, your neighbours, etc so you can go to the local market with assistance on your side.
And your attitude should be I am here to experience differences in culture, etc and not be discouraged by the first ant hill you come across.
Be positive and don't let the negative thinking take control. You are going to China, not some jungle.
Good luck. |
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macroidtoe

Joined: 27 Jul 2010 Posts: 128
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Posted: Thu Dec 08, 2011 1:25 pm Post subject: |
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| I found that I was able to just use my Visa debit card at Chinese ATMs to withdraw money from my American account as RMB if I really needed it (which I never did, but it was good to know). |
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