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can you save money in china?
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maryknight



Joined: 12 Oct 2005
Posts: 83

PostPosted: Thu Mar 09, 2006 2:55 am    Post subject: can you save money in china? Reply with quote

hi, i'm trying to decide between china and japan. it looks like the future is becoming brighter in china. how are things now? are you able to save money? thanks, mary knight
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elektricki



Joined: 22 Feb 2006
Posts: 5

PostPosted: Thu Mar 09, 2006 5:53 am    Post subject: Reply with quote

Hello Mary! I can't help you out but I just wanted to say that I'm from Portland too. I'm going on my first gig in China next month. I'm quite excited. I'll be going to Shenyang in northern China. Good luck with whatever you decide to do!
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Yu



Joined: 06 Mar 2003
Posts: 1219
Location: Shanghai

PostPosted: Thu Mar 09, 2006 7:24 am    Post subject: Reply with quote

Depends on how much money you make and the kind of lifestyle you want.

Refer to some threds discussion pay in China. There are several.
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Spiderman Too



Joined: 15 Aug 2004
Posts: 732
Location: Caught in my own web

PostPosted: Thu Mar 09, 2006 8:00 am    Post subject: Reply with quote

Mary, your question is sooo subjective, but the short answer is 'yes', subject to:-

Total salary package (does your school pay for elec., gas, water, drinking water, internet, full medical insurance)

Lifestyle

Location - big cities offer more lifestyle options, at a cost

Eating habits - Chinese food is soooo cheap, fine dining on foreign food can cost an arm and a leg

Drinking habits - I am under the impression that many, albeit predominantly male, foreign teachers spend a lot of their salary on alcohol

Skirtchasing - I guess this one won't apply to you, or would it?

On a salary of 7,000 RMB per month I save 4,000 RMB.
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vikdk



Joined: 25 Jun 2003
Posts: 1676

PostPosted: Thu Mar 09, 2006 9:07 am    Post subject: Reply with quote

I think you should look at China in completely different way - many things are so cheap here, so it's a great place to spend money!!! Want to save - go somewhere where it's very expensive - easier in those places to force yourself to live on a budget!!!
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Drizzt



Joined: 20 Feb 2005
Posts: 229
Location: Kyuushuu, Japan

PostPosted: Thu Mar 09, 2006 9:51 am    Post subject: Reply with quote

I think it's possible to save a bit depending on where you live. My first gig I lived in Shanxi and was making 5000 RMB a month, of which I managed to save around 3000 a month, which isn't really all that much.

I'm working in Shanghai now though, and this semester I can save quite a bit more because I have a part-time job in addition to my regular job. It seems that you get significantly higher per hour wage from your part-time job because they don't have to sponsor your visa, pay airfare, vacation, travel, etc., so the trick seems to be to find a regular job that will allow you to also work part-time (I'd ask them up front about it).
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woza17



Joined: 25 May 2003
Posts: 602
Location: china

PostPosted: Thu Mar 09, 2006 10:53 am    Post subject: Reply with quote

Yes, you can save money. If that is what you want you can. I have met FTs who have a relatively low salary and save money to travel during the holidays and FTs who have saved money to pay off their student loans.
The spectrum is broad. If you work for an international school you can earn up to 30,000 or more a month, no problem saving there. If you work for a language centre and work heaps of hours you can earn just as much.
Money is not a dirty word it gives you choices.
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latefordinner



Joined: 19 Aug 2003
Posts: 973

PostPosted: Thu Mar 09, 2006 2:26 pm    Post subject: Reply with quote

When it comes to salaries and money, this forum should remind you of the story of the blind men and the elephant. There are just too many variables! FWIW I managed to send a little over half my salary to Canada the first year I was here (I have a home there I have to make maintenance payments on), I lost money bigtime my second year, and sent almost as much money home the third as the first. Now I'm married and we have a wee baby, I don't think I'll save much at all for a few years!
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andrew_gz



Joined: 15 Feb 2005
Posts: 502
Location: Reborn in the PRC

PostPosted: Thu Mar 09, 2006 3:09 pm    Post subject: Reply with quote

I have a friend who has made over 400,000RMB teaching here in Guangzhou over the last two years.

He just borrowed a couple of bucks from me tonight.

Some people can save and some can not.
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william wallace



Joined: 14 May 2003
Posts: 2869
Location: in between

PostPosted: Fri Mar 10, 2006 12:19 am    Post subject: dear Mary... Reply with quote

nil

Last edited by william wallace on Fri Nov 23, 2007 3:16 pm; edited 1 time in total
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elektricki



Joined: 22 Feb 2006
Posts: 5

PostPosted: Fri Mar 10, 2006 12:56 am    Post subject: Reply with quote

I saw over in the Nihon forum she decided to go there instead. Probably no use in replying to her post.
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amandabarrick



Joined: 30 Dec 2004
Posts: 391

PostPosted: Fri Mar 10, 2006 7:48 am    Post subject: Reply with quote

I am always amazed at how some foreigners I meet never seem to have any money, even when their salary is higher than mine. Each month I spend 400 RMB on transportation, 1000 RMB on food, 200 RMB on entertainment, 300 RMB on clothing, and another 200 RMB on miscellaneous stuff, totalling 2200 RMB. This is when I don't really keep track and just buy whatever I want. I guess if I was in a big city I would spend a bit more. But I don't think I could spend all of my salary in a normal month even if I tried.

AB
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7969



Joined: 26 Mar 2003
Posts: 5782
Location: Coastal Guangdong

PostPosted: Fri Mar 10, 2006 10:57 am    Post subject: ...... Reply with quote

if saving money was my primary concern, china wouldnt even be on my list of prospective places to look for work. i can do equal amount of work in korea, taiwan or japan and make 3-4 times as much.

7969
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saint57



Joined: 10 Mar 2003
Posts: 1221
Location: Beyond the Dune Sea

PostPosted: Sat Mar 11, 2006 12:57 am    Post subject: China to Save Money Reply with quote

If saving money is your number one goal. Korea beats China hands down. However, if you work as hard in your home country you will save just as much. Korea is a tough place. Don't consider China to save money, it is possible but you'd be better off doing it in Korea.
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Plan B



Joined: 11 Jan 2005
Posts: 266
Location: Shenzhen

PostPosted: Sun Mar 12, 2006 4:23 am    Post subject: Reply with quote

I am saving money for the first time in my life!

Teaching abroad - in general - takes you away from the debt culture that we have in the west. We live from paycheck to paycheck. Most people do not have substantial outgoings.

As for my own experience in China, up until about 9 months ago, I tended to spend virtually all my money. Since then, two things have happened - the novelty value of China has disappeared. I am no longer a tourist - this is my home now. I don't have any desire to visit expensive restaurants or bars anymore. The pay increase has also helped matters.
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