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Start up costs vs. saving
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naturegirl321



Joined: 04 May 2003
Posts: 9041
Location: home sweet home

PostPosted: Thu Jun 21, 2007 7:20 pm    Post subject: Start up costs vs. saving Reply with quote

If we relocate to the USA or Canada, how much do you think we'd need to start up? realistically speaking. Also, how much can you save a month?
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ls650



Joined: 10 May 2003
Posts: 3484
Location: British Columbia

PostPosted: Thu Jun 21, 2007 7:36 pm    Post subject: Reply with quote

That's kind of a tough question to answer, as it depends a heck of a lot on where you're going and what you're doing. My suggestion would be to pick whatever area you plan to return to, and then start looking on the internet at the newspaper apartment ads and employment sites.

I'm moving back to Canada in July. I'll be in the BC interior, and I've been checking out costs (such as apartments) via the internet. A typical rent for a small apartment in that area starts at $600/month. Factor in utilities, food, transportation, and other basic needs, and that can easily double, so I'm assuming I'll have basic living expenses of $1200/month.

When I look at the wanted ads and various employment sites, it looks like there's a fair bit of work - but most of it I'm unqualified for, or worse, simply uninterested in doing. Maybe it's snobbish of me, but after teaching English at a university for three years I'm not really interested in working at Walmart or driving a delivery truck for $10/hour.

Maybe I'll luck out and find a job I want right away, or maybe I won't. I'm guessing I'll need at least two months, maybe four. That means I'd better have at least $5000 set aside, simply as start-up money for when I arrive back 'home'.

As for saving up, I decided to return to Canada quite some time ago and started pinching my pesos just after Christmas. I haven't travelled or had much of an exciting social life for the last six months, but I have saved up that I can afford to go back and support myself for a few months while I search for work. If I don't find a decent job after four or five months, my backup plan is to buy a plane ticket to Korea or Taiwan, and go teach EFL there for a year.


Last edited by ls650 on Fri Jun 22, 2007 2:54 am; edited 1 time in total
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naturegirl321



Joined: 04 May 2003
Posts: 9041
Location: home sweet home

PostPosted: Fri Jun 22, 2007 12:33 am    Post subject: Reply with quote

So what's the English teaching work like there? All 10 dollars an hour? Keep us posted on what it's like to go back.
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GambateBingBangBOOM



Joined: 04 Nov 2003
Posts: 2021
Location: Japan

PostPosted: Fri Jun 22, 2007 1:16 am    Post subject: Reply with quote

click here for a Canadian immigration site that wrote:


FUNDS REQUIRED TO SETTLE IN CANADA. You are required to provide an evidence of your funds when applying. For example, bank statement or a letter from your bank. An independent applicant is required to have at least CAD $17,800.00 (or USA$11,000) plus about CAD $3,500.00 for each dependant (spouse or child) to support yourself after landing in Canada. This requirement is not strictly adhered by Visa Officers if you have a job waiting for you or your spouse in Canada or if you have a relative who will offer you a room and financial help until locating employment.
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ls650



Joined: 10 May 2003
Posts: 3484
Location: British Columbia

PostPosted: Fri Jun 22, 2007 2:57 am    Post subject: Reply with quote

GambateBingBangBOOM wrote:
An independent applicant is required to have at least CAD $17,800.00 (or USA$11,000)

I'd double-check that info with an official gov't web-site - that exchange rate is at least five years old!
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advice



Joined: 12 Jun 2007
Posts: 39
Location: USA

PostPosted: Sat Jun 23, 2007 8:02 pm    Post subject: Reply with quote

Completely agree:))) The rates are different a little bit.

Government requirements never reflect anything. People can sometimes borrow from the relatives, show the statement and return the borrowed money.

When they have them they are not going to spend them on living, they are coming to Canada to earn, to get free health care and Western education for their children, usually using western scholarships or grants.

The question does not make sense in the reality. Every area is different. Even in the same area. I have the experience of renting the half of a family home in the expensive neighborhood in Washington, DC for $600 per month. I was lucky. I could still rent it, but without a car my husband will not get to the job, now I am renting a really big one-bedroom for $1,120 in the neighborhood where it is at least $200 more expensive and I do not have a deposit which is completely impossible in the apartment buildings around.

Government requirements are created for the purpose you do not ask money from them for the first 6 months of being in Canada. They will show you the copy of your statement:)))
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Jizzo T. Clown



Joined: 28 Apr 2005
Posts: 668
Location: performing in a classroom near you!

PostPosted: Mon Jul 02, 2007 12:51 pm    Post subject: Re: Start up costs vs. saving Reply with quote

naturegirl321 wrote:
If we relocate to the USA or Canada, how much do you think we'd need to start up? realistically speaking. Also, how much can you save a month?


I'm sorry...did you say save? You know you're talking about ESL work in the US, right? I'd be more worried about how to budget than what you can save. But then, your husband may have a cush job waiting for him??

As for apartments, you will have to pay about two months' rent up front, plus security deposits on electric, water, and gas. Plan to need about $2,000 just to get moved in somewhere cheap (i.e. one bedroom apartment). Then you're looking at transportation--car or public? If it's not NY or LA you're very limited on public transport, so a car is a necessity. Gas is sky high as well, so another $2-300 for the month.

Realistically, if you move somewhere cheap (smaller city / large town) you could get moved in and get through the first month for around $4,000.
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naturegirl321



Joined: 04 May 2003
Posts: 9041
Location: home sweet home

PostPosted: Mon Jul 02, 2007 1:43 pm    Post subject: Reply with quote

So if we were to stay for three or four years, would we be in debt when we left or would we be able to save?
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canadashirleyblue



Joined: 06 May 2007
Posts: 162

PostPosted: Mon Jul 02, 2007 1:59 pm    Post subject: Reply with quote

You would be in debt.
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Gordon



Joined: 28 Jan 2003
Posts: 5309
Location: Japan

PostPosted: Mon Jul 02, 2007 2:00 pm    Post subject: Reply with quote

canadashirleyblue wrote:
You would be in debt.
and lots of it too.
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EMH1969



Joined: 27 May 2007
Posts: 38

PostPosted: Fri Jul 06, 2007 4:41 pm    Post subject: Reply with quote

I'll be a bit of a contrarian and say it depends. For example, if you look at the Chronicle of Higher Education there are openings for ESL instructors at Universities in Indiana, Florida and Ohio that pay between $30-40,000. They require a MA in TESOL and several years experience. Cost of living in those states is very modest. I know that I could live on that salary and easily save money.
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canadashirleyblue



Joined: 06 May 2007
Posts: 162

PostPosted: Sat Jul 07, 2007 12:55 am    Post subject: Reply with quote

In order to save money you need to have a full time job. For starters.
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Sherri



Joined: 23 Jan 2003
Posts: 749
Location: The Big Island, Hawaii

PostPosted: Sat Jul 07, 2007 6:08 am    Post subject: Reply with quote

I returned to the US after more than 20 years abroad. I came back with a husband and 2 kids! We had saved a lot and had done a lot of planning. Neither of us had a job lined up just a lot of determination plus both of us are pretty well qualified in our fields with plenty of experience. It does not have to be doom and gloom. In fact it has been a wonderful move for our whole family. Our quality of life shot up (after living in Tokyo) and Hawaii is a great place to raise kids.

The main difference is, we did not come here to save money, but to take it easy and get out of the stresses of living in a big city and a pressurized society.
Sherri
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naturegirl321



Joined: 04 May 2003
Posts: 9041
Location: home sweet home

PostPosted: Sat Jul 07, 2007 1:33 pm    Post subject: Reply with quote

Sherri,
That's great to hear that you were able to move back. So it can be done.
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Sherri



Joined: 23 Jan 2003
Posts: 749
Location: The Big Island, Hawaii

PostPosted: Sat Jul 07, 2007 5:52 pm    Post subject: Reply with quote

Hi naturegirl
Of course it is possible to move back and start up costs can be just as expensive as starting up in any of the more developed countries like Japan or western Europe, Oz, NZ. In the end we chose the US because I am a citizen (and so are my kids) here and visa-wise it was easier.

One thing, have you already got a visa for your husband to come to the US--does he already have PR status, or do you have to jump through those hoops too? To sponsor him for a PR visa in the US, you will need to show that you have enough savings to live on, or a job with adequate income lined up, or that you have relatives who would be willing to sponsor you.

Best
Sherri
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