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Desha
Joined: 14 Jul 2005 Posts: 5
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Posted: Sun Jul 17, 2005 5:12 pm Post subject: Best place for saving money |
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My husband and I are looking for a way to save some money in the next couple of years. There's so much info. out there, but need some advice for our situation.
Here it is: my husband is a fantastic elementary school teacher with a B.A. and 6 yrs. experience.
I have a master's degree at SIT in International Exchange Management with a couple of years experience in the international education field (mostly undergrad study abroad)- I have taught Spanish on the side and am flexible.
Question: For the purpose of saving money, where is the best place to go considering our backgrounds? We don't have any kids (yet!) and are pretty free to go anywhere for 2 yrs. Do you reccomend the Middle East or Asia? Is Korea the best for this? Is going overseas realistic for saving $?? Help! Oh yes, we also have a dog that needs to stay with us (if possible) because we love her!
Thanks for any advice!
Southern girl |
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moot point
Joined: 22 Feb 2005 Posts: 441
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Posted: Sun Jul 17, 2005 10:32 pm Post subject: |
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I think the two of you are in a very enviable position, with the exception of the dog.
I don't think you should have any worries about money, especially if you are both working. You'll be able to bank one of your salary in full and probably another quarter of the other salary.
First of all, I think you should pick up a travel guide and think about which country is more appealing for you. Then do a little perusing through the job adverts to get a rough guide for the teaching salaries in the region.
Often young couples are welcomed at smaller language conversation schools in Japan. These kinds of jobs are usually in more remote areas and often come with apartment and car. It might be kind of nice for you, don't you think. They often can't afford to give you two full-time schedules (or salaries) but I think you'll still find plenty to bank and still have a lot of free time to enjoy your surroundings together. |
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tedkarma

Joined: 17 May 2004 Posts: 1598 Location: The World is my Oyster
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Posted: Mon Jul 18, 2005 12:43 am Post subject: |
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If your husband is certified in your home state or province - then the Middle East might be best for you. UAE specifically. An International school for him (US$40k+ free housing, free airtickets, free medical, no taxes, etc) and a university or Junior College for you (close to similar). Though I am not so sure what your degree would qualify you for.
Dog(s) would need to be carefully monitored in the ME - as the dominant culture there views them as "dirty."
Korea - life would be slightly higer quality - harder to put together good jobs for both of you (avoid the hogwan trap - head for univesities - but even that can be shaky) - but you would save less.
If Goal = Saving Money then it's hard to beat the ME - Japan Korea maybe - but it will take a year or two to climb the food chain. ME - you can start in a good position and move up from there. |
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VanIslander

Joined: 21 Mar 2005 Posts: 67 Location: temp banned from dave's korean boards
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Posted: Mon Jul 18, 2005 12:49 am Post subject: Re: Best place for saving money |
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Desha wrote: |
My husband and I are looking for a way to save some money in the next couple of years.... my husband is a fantastic elementary school teacher with a B.A. and 6 yrs. experience....I have a master's degree... For the purpose of saving money, where is the best place to go considering our backgrounds? |
You could together easily save, easily, save $80,000 U.S. over two years in Korea (very conservative estimate), and even more if one of you works more than 30 hours a week by doing overtime or a second, part-time job.
How?
He will get a public school or good-paying hagwon (institute) job in Seoul with free apartment and minimum 2.2 million won per month, absolute minimum, with a month's pay bonus at the end of each year.
She will get a college or university position, or at worst a similar position as he, and make sure she gets a cash allowance instead of a free apartment (or he, either way, that's an extra couple of thousand a year coming in).
This is not pie-in-the-sky planning, this is obviously the opportunities they have in the high demand market of South Korea, especially in the Seoul area. There are hundreds of jobs at any given moment, and anyone with their educational background will be snapped up, especially if coming as a couple, because that's looked upon favourably, as a sign of stability and lack of wildness.
And if one or both of them want to work more than 30 hours a week, perhaps also work mornings a couple of days a week or else simply on Saturdays, then, at minimum 30,000 won per class, absolute minimum, an extra six or eight hours a week would translate into, per person, an extra $20,000 U.S. or more by the end of the second year.
Do the math.
That's an easy $100,000 U.S. in savings over two years for two people to teach 34-36 classes per week. (I save $25,000 U.S. no prob per year as a single guy) I say savings because that doesn't include the 1,000,000 won (thousand dollars) per month living expenses I took off the top before doing the calculations.
Oh, and of course, free airfare there and back.
Eat Korean food, take the cheap local buses and taxis, and take up cheap hobbies, even rent movies for a buck a piece, museums and weekend travel around the country is cheap, with $30 motel stays and $5 meals per person (jjigae, bibimbap, udong, etc).
It can be a fun and rewarding experience as long as you:
(a) research your employers to be, insist on getting contact numbers of previous foreign teachers and interview them to ensure its a good work environment, reliable pay, etc;
(b) avoid living the expat lifestyle. Imported goods are expensive and Western restaurants are several times the cost of most Korean ones. If you don't like spicy food, simply learn the Korean phrase for it, and the locals will accommodate, since they already think foreigners don't like spicy food and I have to insist I do like spicy food or else sometimes I'm served a spiceless version of what I'd ordered! If you like to drink, Korean soju whisky or wine is a buck a bottle whereas you pay four to six times more for beer, especially in Western bars. Clothes can be cheap. Internet is fast and cheap, and odds are it will be included free with either your housing (Koreans are the most wired in the world, per capita) or else at work, with a buck an hour computer rooms everywhere.
(c) make the best of the many cheap options to live well.
If I was married and wanted a place to ESL for two years to save money, I can't imagine a better place than here, other than Saudi Arabia, but many of those jobs aren't paying significantly more these days, and are much harder to get than here.
By the way, if your dog is small it'll be appreciated by the locals, especially if it's cute, though all small dogs are considered cute here. If your dog is big, however, it won't be liked much and locals will even be scared of it, and you'll always have to have a leash just to be safe.
Good luck whatever. |
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Desha
Joined: 14 Jul 2005 Posts: 5
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Posted: Tue Jul 19, 2005 4:51 pm Post subject: |
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Dear kind people- thank you for your advice.
I feel more confident in our position of going overseas and saving money. Matt was offered a job in a Canadian school in the UAE called "Abu Dhabi Grammar School", but the salary sounds drastically low compared to your posts. They offered him $2000 a month, plus free rent, but could not pay relocation expenses except for his ticket - they would not pay mine unless they employed me.
They also sound scattered on the phone. From your info, this sounds like a bad deal, am i correct?
Do you think it is too late to find jobs for this academic year? What's best way to find job now? Or, wait for next year and sign up for a job fair with ISS etc?
You are wonderful for helping, thank you
Desha and Matt |
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tedkarma

Joined: 17 May 2004 Posts: 1598 Location: The World is my Oyster
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Posted: Tue Jul 19, 2005 8:56 pm Post subject: |
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Unless your husband's offer is for a real international school in the UAE - don't even think about it. It will most likely be a real hell hole. Look for minimum US$2800 a month and plane tickets for both of you. Free housing and no taxes.
In Korea - your husband - again - should work for an international school. His qualifications are far too good to relegate himself to a hagwon and two weeks off a year. Take your time, be patient and find the right jobs it will make a big difference in the bottom line - as well as in the quality of your experience.
I'd root for working through ISS - and in the next year - you getting a TEFL Certification of some sort (even if just online) and a little teaching experience (volunteering?) - so you can fluff up your resume a little. With those - you may be able to land a university position in Korea (probably not in the ME though).
There are often last minute placements at international schools (all schools really) as people fail to show up - or show up and bail out as it wasn't what they thought it would be.
If it seems like it would be difficult to coordinate it all to make it work for both of you - yes, it may well be. But it is well worth wrestling with. Put his job first - he has the best qualifications - and you can search for something near him - and take your time to find the best possible position. For you, in Korea - no problem - in the ME - women are always in short supply - so you might have to search a bit - but most likely would find something of good quality and good compensation. |
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ttlesl

Joined: 13 Jul 2005 Posts: 22
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Posted: Tue Jul 19, 2005 11:15 pm Post subject: |
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If your husband is a licensed teacher from the U.S., he may be able to get a very good paying job in Thailand teaching at an international school. They use to all look for PGCE but now they are (sometimes) looking at American teachers because of the shortage. Let me know if you need information on the international schools here.
I agree with the group. Take your time, look around and also decided personally where you would like to be. It is great to say "I'm going to the Middle East because it is more money!" but if you really don't want to live there, then it will be a very unhappy experience.
With regards to the Dog, I can say that Korea will be difficult because of the size of the apartments you will stay in. I know...I had a dog there! Luckily mine was just a little beagle.
Good luck in your search! |
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Celeste
Joined: 17 Jan 2003 Posts: 814 Location: Fukuoka City, Japan
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Posted: Wed Jul 20, 2005 2:29 am Post subject: |
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My husband and I have had the good fortune to have been able to do the Double Income No Kids thing in both Korea and Japan. It has been Very good to us. We did EPIK (ENglish Program In Korea) for 2 years, and the JET programme (Japanese Exchange Teaching Programme) for 3 years. While the set up costs in Japan were higher, the lifestyle was better for us and we stayed longer. Korea was a lot cheaper to set up in, but we found the culture harder to adapt to and didn't stay as long. These days I think that you can save a similar amount in either place. PM me if you want to know more. |
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van-island
Joined: 01 Jul 2005 Posts: 18 Location: deep in the Japanese countryside
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Posted: Thu Jul 21, 2005 3:50 am Post subject: |
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I would second the recommendation for the JET Programme if you're willing to go through the long (up to 11 months) application process, and have very little job satisfaction.
JET makes a real effort to place couples together, and with you and your husband's qualifications, you'd both be a sure thing to get in.
Theoretically, you could save one whole JET salary (approx. $35,000 USD) and live on the other one. The lifestyle is easygoing, but the 'teaching' isn't really teaching so much as assisting.
However, if you're wanting a rewarding job I would look for international schools or university positions.
good luck! |
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