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Startup/Spending money, how much to bring?
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BiancaT



Joined: 15 Feb 2007
Posts: 74
Location: Toronto

PostPosted: Sun Jul 08, 2007 11:53 pm    Post subject: Startup/Spending money, how much to bring? Reply with quote

Hi all,
I'm a newbie who will be teaching in Foshan, Guangdong and I'm trying to figure out how much spending/start up money I should bring with me to last until I get my first full paycheck, which I assume would be after my first full month of teaching. I know that I should always have enough in case I needed to leave suddenly but since my flight is paid for I'm unsure how much I should have aside. Any insight you could all give me would be greatly appreciated.

B
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brsmith15



Joined: 12 May 2003
Posts: 1142
Location: New Hampshire USA

PostPosted: Mon Jul 09, 2007 12:31 am    Post subject: Reply with quote

Maybe around 1,500 $CDN.
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BiancaT



Joined: 15 Feb 2007
Posts: 74
Location: Toronto

PostPosted: Mon Jul 09, 2007 12:57 am    Post subject: Reply with quote

At first I was also thinking around 1,000CDN but then I thought that since I'm not paying for rent, only food, utilities and small extras until I get my first pay that maybe 500CDN might do. Now I'm not sure.

B
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jeffinflorida



Joined: 22 Dec 2004
Posts: 2024
Location: "I'm too proud to beg and too lazy to work" Uncle Fester, The Addams Family season two

PostPosted: Mon Jul 09, 2007 1:00 am    Post subject: Reply with quote

bring a couple hundred and an ATM card. check with your bank to see if it will work in china and if so dont overstuff your pockets with $$ but use the atm as needed.
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HunanForeignGuy



Joined: 05 Jan 2006
Posts: 989
Location: Shanghai, PRC

PostPosted: Mon Jul 09, 2007 1:07 am    Post subject: Reply with quote

BiancaT wrote:
At first I was also thinking around 1,000CDN but then I thought that since I'm not paying for rent, only food, utilities and small extras until I get my first pay that maybe 500CDN might do. Now I'm not sure.

B


Dear Kind BiancaT,

First, with all due respect to the previous poster, CDN 1,500 is way-out-of-line. I would like to ask him how he arrived at such a figure.

In that particular neck of the woods where you will be in Foshan, and which I know, prices are about 25% less than Guangzhou proper. If you are flying in to Hong Kong, then remember, you will need to get from the Hong Kong airport to the train station (not dreadfully expensive if you can manouever around the Hong Kong subway -- I think that it requires at least two transfers) and then for your train ticket to Guangzhou (if you are taking the direct train, which I would recommend, then put aside about CDN 40.00 for that); I trust that your school will be kind enough to come to the Guangzhou train station to get you --- otherwise it's a bit hard to shlep around the subway here with all of the luggage you might be bringing, even though there is a subway actually not so far from your school; next, if worse were to come to worse, a taxi from the train station to your school will run you about CDN 35.00.

In all, bring just a little less than whatever your monthly salary will be -- and we won't discuss specific numbers here. Let's just say that if your monthly salary were "x", then I would advise you to bring 90% of "x" for the first month.

Also, check your contract to see on what day you will be paid -- meaning are you paid within the same month for the month, are you paid within five working days after the close of the month, etc., etc. Also remember that if you arrive in September, you should budget for five weeks because the country essential shuts down for the first week of October - it's China's national day holidays, like your July 1 (is it July 1st in Canada, I don't remember any more).

Any questions, please PM me. Welcome to GZ -- once you are on the ground, if I can be of any assistance, please let me know.

HFG
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caius celestius



Joined: 02 Jul 2007
Posts: 89

PostPosted: Mon Jul 09, 2007 1:44 am    Post subject: Reply with quote

Just brushing a broadly encompassing picture: RMB5000 to 10'000 would tide you over comfortably: you could in fact do on considerably less - say, 2500.

That would buy you your daily grub from the canteen, even enable you to splurge on an occasional (weekly) burger with fries and a coke, and you would perhaps still have money to do sightseeing.

But you might run into some health hazard and quickly need cash to spend a certain time in hospital (Buddha forbid). Or you might feel a strong urge to nip over to Guangzhou (20 kms away) every other day, to sample its discos and malls.

Foshan has little in that department; you will quickly have seen it all in downtown. That's supposing you really are going to be working in DOWNTOWN FOSHAN - you might have been hired by a school in Sanshui or Gaoming - quite a distance away and quite, quite unhappening places.
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SnoopBot



Joined: 21 Jun 2007
Posts: 740
Location: USA

PostPosted: Mon Jul 09, 2007 7:02 pm    Post subject: Reply with quote

Regardless of the prices in the area or your salary I would bring enough for the cost of an Airline ticket back home plus 20%. You can just leave this in an ATM account and just take a card.

YOU never know when an emergency might arise. that airline ticket might be needed in a hurry.

I went to China with 5000 USD in my ATM account with an additional 2500 USD being deposited each month.

I often did not need to dip into my account for extra money except during Spring festival and to buy some toys and my car.

But I urge enough to get an airline ticket if needed.
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HunanForeignGuy



Joined: 05 Jan 2006
Posts: 989
Location: Shanghai, PRC

PostPosted: Tue Jul 10, 2007 12:44 am    Post subject: Reply with quote

SnoopBot wrote:
Regardless of the prices in the area or your salary I would bring enough for the cost of an Airline ticket back home plus 20%. You can just leave this in an ATM account and just take a card.

YOU never know when an emergency might arise. that airline ticket might be needed in a hurry.

I went to China with 5000 USD in my ATM account with an additional 2500 USD being deposited each month.

I often did not need to dip into my account for extra money except during Spring festival and to buy some toys and my car.

But I urge enough to get an airline ticket if needed.


Dear SnoopBot,

BiancaT is a recently graduated student. I doubt that she would receive a pension of USD 2500 every month and would be able to have USD 5000 on hand just-in-case...

Like many, she will come to China on a shoestring and with the prayers of Almighty God. I believe that those who have suggested that she come with between USD 500 - USD 1000 are probably on the mark in this particular case.

All the best,

HFG
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SnoopBot



Joined: 21 Jun 2007
Posts: 740
Location: USA

PostPosted: Tue Jul 10, 2007 1:20 am    Post subject: Reply with quote

HunanForeignGuy wrote:
SnoopBot wrote:
Regardless of the prices in the area or your salary I would bring enough for the cost of an Airline ticket back home plus 20%. You can just leave this in an ATM account and just take a card.

YOU never know when an emergency might arise. that airline ticket might be needed in a hurry.

I went to China with 5000 USD in my ATM account with an additional 2500 USD being deposited each month.

I often did not need to dip into my account for extra money except during Spring festival and to buy some toys and my car.

But I urge enough to get an airline ticket if needed.


Dear SnoopBot,

BiancaT is a recently graduated student. I doubt that she would receive a pension of USD 2500 every month and would be able to have USD 5000 on hand just-in-case...

Like many, she will come to China on a shoestring and with the prayers of Almighty God. I believe that those who have suggested that she come with between USD 500 - USD 1000 are probably on the mark in this particular case.

All the best,

HFG


Yea , she doesn't need that much , but the more the better in case an emergency comes up. Unless she has a familiy that can get a quick airline ticket for her 500-1000 is good enough.

But if she is going to be alone in future support I feel the cost of a one-way ticket + 20% extra is a good safety margin.

Hopefully, she will not need any of it.
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China.Pete



Joined: 27 Apr 2006
Posts: 547

PostPosted: Wed Jul 11, 2007 10:04 am    Post subject: At Least 2,000 RMB Reply with quote

When traveling, I always used to keep enough on hand to buy a plane ticket home. Nowadays, I suppose an ATM card is as good as cash in hand. That's strictly for emergencies. For my first teaching gig in China, I believe I only changed about $100 for living expenses. The school - a university - repaid my one-way plane ticket to alleviate any further need for cash until my first paycheck. At a bare minimum, you should have the equivelent of one month's expenses - without housing, mine run about 2,000 RMB per month (and that's fairly generous!).
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HunanForeignGuy



Joined: 05 Jan 2006
Posts: 989
Location: Shanghai, PRC

PostPosted: Wed Jul 11, 2007 12:33 pm    Post subject: News from the Home Front Reply with quote

Dear BiancaT,

I think that you have made a good choice of schools....one of my colleagues from the university where I am now will be going to work at the same school as where you will be working...he was there today for some preliminary items.

He told that MOST of the teachers, by far a very, very large majority, are returning to the school for a second-or-third year, which is a really good sign in China, given the fact that in most cases, the good majority run. At the uni where we are now, out of 20 foreign teachers, 18 have run, some in the middle of the term, some at the end (but still did not finish) and the rest of us now.

As I said, you are going to relatively wealthy suburban-like surroundings.

And China.Pete is quite right -- RMB 2,000 is a fair amount for the first month.

All the best,


HFG
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Songbird



Joined: 09 Jan 2005
Posts: 630
Location: State of Chaos, Panic & Disorder...

PostPosted: Wed Jul 11, 2007 12:41 pm    Post subject: Reply with quote

Whatever you are earning per month is what you should bring- 1 month's salary. This is what I do whenever I start a new position. Even if you don't spend all of your salary every month (I certainly don't!) you ALWAYS have extra things to buy that are missing in the apartment- cups never seem to be provided, as proper cultery (chopsticks don't count), what about FLAT plates (I always have to go out and buy them)- an extra heater/ fan if it's extra hot/ cold when you arrive?

What about extra to pay for taxis until you feel comfortable knowing your way on the cheaper bus? Extra towels? Stationery? Oh, and cleaning products, really you only need to buy every month or so, so this is a good time to stock up.

So the 1 month salary rule for me Wink
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SnoopBot



Joined: 21 Jun 2007
Posts: 740
Location: USA

PostPosted: Wed Jul 11, 2007 2:10 pm    Post subject: Re: News from the Home Front Reply with quote

HunanForeignGuy wrote:
, given the fact that in most cases, the good majority run. At the uni where we are now, out of 20 foreign teachers, 18 have run, some in the middle of the term, some at the end (but still did not finish) and the rest of us now.
HFG


Wow, 18 out of 20, what was the reason for this?
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blowinlicks



Joined: 27 May 2007
Posts: 16
Location: Beijing

PostPosted: Thu Jul 12, 2007 1:15 pm    Post subject: Reply with quote

With all due respect to the other respondents - bring as much money as you can, because chances are, you're going to need every last penny of it to get out of here after you experience the hell of Guangdong. Don't be stupid. Bring it all if possible and hide it in your ass.
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jwbhomer



Joined: 14 Dec 2003
Posts: 876
Location: CANADA

PostPosted: Thu Jul 12, 2007 1:20 pm    Post subject: Reply with quote

Well blowin'... I think you're making a pretty sweeping generalization. Parts of Guangdong are pretty awful -- thinking of Guangzhou -- but some places are OK. I liked Shenzhen, and although I only visited Zhuhai thought it not too bad.
I think if Bianca or anyone else comes to a place expecting to hate it, that becomes all too soon a self-fulfilling prophecy.
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