Site Search:
 
Get TEFL Certified & Start Your Adventure Today!
Teach English Abroad and Get Paid to see the World!
Job Discussion Forums Forum Index Job Discussion Forums
"The Internet's Meeting Place for ESL/EFL Students and Teachers from Around the World!"
 
 FAQFAQ   SearchSearch   MemberlistMemberlist   UsergroupsUsergroups   RegisterRegister 
 ProfileProfile   Log in to check your private messagesLog in to check your private messages   Log inLog in 

Saving money in Japan
Goto page 1, 2  Next
 
Post new topic   Reply to topic    Job Discussion Forums Forum Index -> Japan
View previous topic :: View next topic  
Author Message
Evan2009



Joined: 26 Dec 2008
Posts: 41

PostPosted: Sat Mar 21, 2009 2:29 pm    Post subject: Saving money in Japan Reply with quote

I have been looking for work in the Middle East. I need to save at least $2,000 a year. I'd prefer Japan but I've heard the economy is bad + high cost of living makes saving difficult. Is this true? There are some old posts (2004) comparing teaching in Japan with Saudi Arabia. The writers insist that they can save $2,000 or more a month. If this was true in 2004, is it true now? What are conditions like now in Japan. Thanks for your input.
Back to top
View user's profile Send private message
BobbyBan



Joined: 05 Feb 2008
Posts: 201

PostPosted: Sat Mar 21, 2009 3:08 pm    Post subject: Re: Saving money in Japan Reply with quote

Evan2009 wrote:
I have been looking for work in the Middle East. I need to save at least $2,000 a year. I'd prefer Japan but I've heard the economy is bad + high cost of living makes saving difficult. Is this true? There are some old posts (2004) comparing teaching in Japan with Saudi Arabia. The writers insist that they can save $2,000 or more a month. If this was true in 2004, is it true now? What are conditions like now in Japan. Thanks for your input.


Have a look at this and also try a search for "savings" or something like that.


Saving 2000 dollars (US?) a year should be very easy to do, are you sure it's not a typo? Saving 2000 dollars a month is going to be all but impossible for anyone who doesn't already have a full-time university or high school job lined up (I'm assuming you don't).

Bear in mind you'll also need to bring a fairly large amount of cash with you to spend until you get your first paycheck. The exchange rate is not going to be in your favour when you arrive. The yen is very strong against the US dollar and most other currencies. It's good when you start earning but not until then and you still won't be able to save 2000 dollars a month.
Back to top
View user's profile Send private message
Apsara



Joined: 20 Sep 2005
Posts: 2142
Location: Tokyo, Japan

PostPosted: Sat Mar 21, 2009 11:37 pm    Post subject: Reply with quote

Did you mean $20,000 a year? And do you mean USD? Pretty much impossible to save that amount per year on an entry-level eikaiwa or ALT salary- with discipline, $10,000- $12,000 a year would be more realistic. If you mean New Zealand or Australian dollars then it becomes more possible at current exchange rates, but I'm guessing you meant USD.
Back to top
View user's profile Send private message
Glenski



Joined: 15 Jan 2003
Posts: 12844
Location: Hokkaido, JAPAN

PostPosted: Sun Mar 22, 2009 12:06 am    Post subject: Reply with quote

Saving US$2000 (roughly 200,000) a month in Japan is pretty much impossible as a newbie teacher, mostly because that is almost your entire salary. Even for a veteran living here, you'd have to almost be a single person with a salary double that, and/or very frugal.

Saving US$2000 per year is easy. Figure even a non-frugal person could save $500 per month. Many save more.
Back to top
View user's profile Send private message
rmcdougall



Joined: 28 Feb 2009
Posts: 71

PostPosted: Sun Mar 22, 2009 4:47 am    Post subject: Reply with quote

How does savings go down if one likes to hit the pubs?
Back to top
View user's profile Send private message
markle



Joined: 17 Jan 2003
Posts: 1316
Location: Out of Japan

PostPosted: Sun Mar 22, 2009 6:58 am    Post subject: Reply with quote

rmcdougall wrote:
How does savings go down if one likes to hit the pubs?

like the proverbial lead balloon
Back to top
View user's profile Send private message
Glenski



Joined: 15 Jan 2003
Posts: 12844
Location: Hokkaido, JAPAN

PostPosted: Sun Mar 22, 2009 8:44 am    Post subject: Reply with quote

Drink conservatively twice a week, and you can expect to spend 50,000 yen per month.

Conservatively, mind you.

This accounts for missing the trains a time or two (they end at midnight, and you have to pay double taxi fares). How much you really pay depends entirely on you:

beer vs. hard stuff
clubs with "charm charges" or not
all-you-can-drink periods or regular hours
heavy or light drinker

Vending machines offer beer and other stuff, and supermarkets & convenience stores sell it, too, often at cheaper prices just like home.
Back to top
View user's profile Send private message
Apsara



Joined: 20 Sep 2005
Posts: 2142
Location: Tokyo, Japan

PostPosted: Sun Mar 22, 2009 11:14 am    Post subject: Reply with quote

For large cities I would add "central or suburban bars" to the list above. The same drink in central Tokyo will often cost twice as much as it would in an izakaya in the suburbs, if not three times.
Back to top
View user's profile Send private message
Evan2009



Joined: 26 Dec 2008
Posts: 41

PostPosted: Sun Mar 22, 2009 8:40 pm    Post subject: oops Reply with quote

Sorry for the dumb typo. $2,000 (US dollars) minimum per month, not year! Also I have teaching experience. I would need a contract before leaving the US.
Back to top
View user's profile Send private message
Glenski



Joined: 15 Jan 2003
Posts: 12844
Location: Hokkaido, JAPAN

PostPosted: Sun Mar 22, 2009 9:43 pm    Post subject: Reply with quote

Well, now you know that it'll be almost impossible to save that much.

Put another restriction on top of that, like needing a contract before you leave, and you reduce your odds immensely. There are only a dozen or so places that offer such. JET Programme is the only one I know that will pay anything over 250,000 yen/month. Its salary of 300,000 yen/month will barely let you skimp by if you want to save 2/3 of that. You might get very lucky and land a JET ALT position with no rent, but there is no guarantee of such.
Back to top
View user's profile Send private message
flyer



Joined: 16 May 2003
Posts: 539
Location: Sapporo Japan

PostPosted: Tue Mar 24, 2009 4:16 am    Post subject: Reply with quote

$2000 US a month? I can do that now, but I agree with the others, it will be very difficult as an entry level ??

good luck
Back to top
View user's profile Send private message
Suwon23



Joined: 06 Nov 2008
Posts: 50

PostPosted: Sat Mar 28, 2009 2:07 am    Post subject: Reply with quote

Evan2009, why exactly do you need to save this much? Do you have student loans, or an ailing relative?
Back to top
View user's profile Send private message
ill lo9ic



Joined: 28 Feb 2009
Posts: 6
Location: Oami, Japan

PostPosted: Sat Mar 28, 2009 8:56 am    Post subject: Reply with quote

Secret way to save money: Don't spend 500 coins.

You can go to the Daiso/100yen shops and buy 500 coin containers to store them in. It adds up quickly.
Back to top
View user's profile Send private message
Apsara



Joined: 20 Sep 2005
Posts: 2142
Location: Tokyo, Japan

PostPosted: Sat Mar 28, 2009 11:29 am    Post subject: Reply with quote

I saved over �100,000 in 6 months last year by hoarding �500 coins- nice to count up your coins and see that you really have a substantial amount of money there! (If you are that kind of person, which I definitely am Very Happy)
Back to top
View user's profile Send private message
Khyron



Joined: 10 Mar 2006
Posts: 291
Location: Tokyo Metro City

PostPosted: Sat Mar 28, 2009 3:18 pm    Post subject: Re: Saving money in Japan Reply with quote

Evan2009 wrote:
The writers insist that they can save $2,000 or more a month. If this was true in 2004, is it true now? What are conditions like now in Japan. Thanks for your input.
On an entry-level English teaching job? No fu@king chance. $500 if you're lucky. $1000 if you never go out and only eat cheap rice and ramen and limit yourself to tapwater for drinking.
Back to top
View user's profile Send private message
Display posts from previous:   
Post new topic   Reply to topic    Job Discussion Forums Forum Index -> Japan All times are GMT
Goto page 1, 2  Next
Page 1 of 2

 
Jump to:  
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum


This page is maintained by the one and only Dave Sperling.
Contact Dave's ESL Cafe
Copyright © 2018 Dave Sperling. All Rights Reserved.

Powered by phpBB © 2001, 2002 phpBB Group

Teaching Jobs in China
Teaching Jobs in China