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Saving money

 
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viddy



Joined: 07 Jan 2004
Posts: 50
Location: London, England

PostPosted: Thu Jan 08, 2004 1:24 am    Post subject: Saving money Reply with quote

Typically, how much money is it possible to save each month if you're working at a "Big 4" institution?

I have a hefty student loan and I'd like to try and pay some of it off when I'm out there...
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unchi pants



Joined: 20 Dec 2003
Posts: 64

PostPosted: Thu Jan 08, 2004 1:29 am    Post subject: Reply with quote

70 000 yen.
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viddy



Joined: 07 Jan 2004
Posts: 50
Location: London, England

PostPosted: Thu Jan 08, 2004 1:34 am    Post subject: Reply with quote

How about taking into consideration some travel (to see the sights and sounds around the country) whilst I'm there? Isn't Japanese public transport VERY expensive?
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Glenski



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

PostPosted: Thu Jan 08, 2004 2:08 am    Post subject: Reply with quote

Read the FAQ section first.

Working for the Big Four, your salary will be about 250,000 yen/month.

After paying for the necessities, you will have about 130,000 left over.

After going out a couple nights a week, buying snacks, and a few other sundry things, you will have about 70,000 yen left over.

If you are frugal in your eating habits and other forms of entertainment, you might stretch this to 100,000, but that IS a stretch.

Use that leftover money for whatever you like, including student loans, other outstanding debts, or sightseeing. A teacher's life in Japan is not made for much travel. And yes, transportation here IS expensive.
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unchi pants



Joined: 20 Dec 2003
Posts: 64

PostPosted: Thu Jan 08, 2004 2:43 am    Post subject: Reply with quote

Quote:
A teacher's life in Japan is not made for much travel


Very true!

Yes, you can save money and pay off your loan, but (depending on where you're living) you will need to watch it fairly closely.

As soon as you start spending it, whether it be on travel or entertainment, watch it go FAST!
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Mike L.



Joined: 28 Feb 2003
Posts: 519

PostPosted: Thu Jan 08, 2004 3:12 am    Post subject: Reply with quote

After your contract is up get out of eikaiwa, get a more 9-5 oriented teaching gig, then do extra teaching at night.

Eikaiewa is alright to start, but I wouldn't linger if you plan on being in Japan for few years.

You'll be able to make and thus save much more this way. You'll also be able to travel a lot more too as the holidays will probably be better.

Most of the decent jobs come up in March. You'll notice a sharp increase in employers looking for teachers from January through early April.

Check this site out:

http://www.tokyoconnections.com/

If you haven't got something lined up get working on it.

People on this forum will help.

Good luck! Wink
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viddy



Joined: 07 Jan 2004
Posts: 50
Location: London, England

PostPosted: Thu Jan 08, 2004 10:01 am    Post subject: Reply with quote

Thanks all!
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