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Where would you go?
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ashanmari



Joined: 24 Jan 2009
Posts: 22

PostPosted: Mon Feb 15, 2010 3:58 pm    Post subject: Where would you go? Reply with quote

... If you had 2 years teaching experience, one in the states (college level) one at a language school (currently teaching in Indonesia), a TEFL cert and a degree. Prime concerns being:
a) A good salary (wanting to save IDEALLY 1000 USD/mo if possible?) I'm a penny pincher--
b) A nice quality of life-- meaning friendly faces, cheap food, some culture and the option of friendship.
I don't think this is too much to ask for--
Has anyone experienced this type of situation?
Where do you recommend to find such things?
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creztor



Joined: 30 Dec 2009
Posts: 476

PostPosted: Mon Feb 15, 2010 4:36 pm    Post subject: Reply with quote

I think Korea would offer you the best chance of saving right now? I could be wrong, but Korea or Japan? Either way you'd probably be living VERY tight and the job would have to provide housing.

Last edited by creztor on Mon Feb 15, 2010 4:45 pm; edited 1 time in total
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Chris_Crossley



Joined: 26 Jun 2004
Posts: 1797
Location: Still in the centre of Furnace City, PRC, after eight years!!!

PostPosted: Mon Feb 15, 2010 4:45 pm    Post subject: For me, it's China! Reply with quote

For me, it's China (believe it or not - I wouldn't have done years ago) because I have been fortunate in landing the kind of job where I could, in theory, have saved 1,000 USD/mo had I still been single with nothing to pay to any creditors (although I used to when I first arrived in '01 as I owed plenty).

However, I have been married to a local lady for almost eight years and we now have two children, the younger one being just 2 1/2 months old. From my income, therefore, I have to allocate money for my kids' education as well as siphon off about 20% per month to make mortgage repayments since we jointly own property.

Oh, well, this is the side-effect of deciding to get hitched, reproduce and climb the property ladder! Very Happy
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ashanmari



Joined: 24 Jan 2009
Posts: 22

PostPosted: Mon Feb 15, 2010 6:09 pm    Post subject: Reply with quote

Indeed. I figured that Korea and China would be the places offering the most savings-- What city in china do you teach in Chris, if I may ask? Language school or Uni? Also, outside of Seoul, where in Korea offers savings?
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Glenski



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

PostPosted: Mon Feb 15, 2010 10:24 pm    Post subject: Reply with quote

You're going to find it hard to save that much right away in most countries. Korea, perhaps, but there are more things to consider than just money.

Japan will let you save that much...

if you have no other debts to pay off, and
if you are very frugal.

Don't know about the Middle East, but some say that's the other place to make money. Not my sort of lifestyle or culture, though.
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creztor



Joined: 30 Dec 2009
Posts: 476

PostPosted: Tue Feb 16, 2010 1:51 am    Post subject: Reply with quote

I thought most of the jobs advertisied for China offer no more than about 6000 - 10,000 RMB, with very few advertised at 10k? I'd expect someone to earn around 8000RMB and even with free housing, wouldn't it be difficult to save $1k USD a month on that? You are just earning on or around $1k USD a month and that doesn't take into account at least some food and buying the occasional stuff.
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tomstone



Joined: 09 Dec 2009
Posts: 293

PostPosted: Tue Feb 16, 2010 3:32 am    Post subject: Reply with quote

8000 RMB is (right now) about 1170 USD. With free housing and being very careful, you could save 1000 USD a month. I do.
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Chris_Crossley



Joined: 26 Jun 2004
Posts: 1797
Location: Still in the centre of Furnace City, PRC, after eight years!!!

PostPosted: Tue Feb 16, 2010 3:40 am    Post subject: Where and in what kind of institution? Reply with quote

ashanmari wrote:
What city in China do you teach in, Chris, if I may ask?


I have been teaching in Wuhan City, the capital of Hubei Province, for more than eight years now.

ashanmari wrote:
Language school or Uni?


It's a private education training centre that offers three main courses to Chinese students:
(a) a 2-year A-level programme for those who have finished at least five years of middle school education;
(b) the International Foundation Year (IFY) programme for Chinese school-leavers wanting to undertake bachelor's degree study in either England or Australia; and
(c) the Pre-Master's Programme/Graduate Diploma Programme (PMP/GD) for Chinese university diploma- and degree-holders, as well as senior-year students, wanting to undertake master's degree study in England. This is the programme that I have been teaching on for almost exactly five years now.
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denise



Joined: 23 Apr 2003
Posts: 3419
Location: finally home-ish

PostPosted: Tue Feb 16, 2010 3:42 am    Post subject: Reply with quote

You could try some of the regional colleges in Oman. Furnished housing is provided, so it's quite easy to save. The lifestyle is pleasant, although it is very different from everywhere else I have lived (limited opportunities to befriend the locals, and most people are here for the money and not the culture).

d
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tomstone



Joined: 09 Dec 2009
Posts: 293

PostPosted: Tue Feb 16, 2010 3:44 am    Post subject: Reply with quote

I should add that I smoke cigarettes and drink lots of (instant) coffee. I don't do without; if I need something, I buy it. Average savings per month is about 1000 USD. I don't drink, so that probably helps.
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runthegauntlet



Joined: 07 Nov 2009
Posts: 92
Location: the Southlands of Korea

PostPosted: Tue Feb 16, 2010 4:19 am    Post subject: Reply with quote

Korea might do the trick.

I save about 1100 USD a month with eating out about 8 times a week, bar once or twice a week, a trip abroad once a year and other entertaining activities like Martial Arts and cycling, etc.
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Sadebugo



Joined: 10 May 2003
Posts: 524

PostPosted: Tue Feb 16, 2010 9:00 pm    Post subject: Reply with quote

runthegauntlet wrote:
Korea might do the trick.

I save about 1100 USD a month with eating out about 8 times a week, bar once or twice a week, a trip abroad once a year and other entertaining activities like Martial Arts and cycling, etc.


Also, remember the possibility of currency fluctuation when estimating your savings.

Sadebugo
http://travldawrld.blogspot.com/
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fat_chris



Joined: 10 Sep 2003
Posts: 3198
Location: Beijing

PostPosted: Thu Feb 18, 2010 9:31 am    Post subject: Reply with quote

Sadebugo wrote:
Also, remember the possibility of currency fluctuation when estimating your savings.


I agree with this point by Sadebugo.

Japan.

It's quite easy to send money to an overseas checking/savings account from Japan. The yen/USD exchange rate is to my advantage at the moment. This is nice for paying off bills and padding one's saving account.

So...

Japan.

Cool

Regards,
fat_chris
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runthegauntlet



Joined: 07 Nov 2009
Posts: 92
Location: the Southlands of Korea

PostPosted: Thu Feb 18, 2010 12:21 pm    Post subject: Reply with quote

Sadebugo wrote:
runthegauntlet wrote:
Korea might do the trick.

I save about 1100 USD a month with eating out about 8 times a week, bar once or twice a week, a trip abroad once a year and other entertaining activities like Martial Arts and cycling, etc.


Also, remember the possibility of currency fluctuation when estimating your savings.


That's a good point. Since I've been here, the currency has fluctuated like 50%. No. Friggin'. Joke.

When I first arrived, my monthly salary was around 2150 bucks. I left to travel a bit and when I returned (about 1.5 years after I first arrived) that same monthly salary was around 1,300!!! Now it's around 1,700 USD.

Korea had one of the worst performing currencies in the world in 2008. Things have improved quite a bit though it'll likely never return to those 'golden' years when the currency was likely a bit overvalued. Still, FX is a risk (or reward) that you take whenever you work abroad unless the country has their currency pegged.
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runthegauntlet



Joined: 07 Nov 2009
Posts: 92
Location: the Southlands of Korea

PostPosted: Thu Feb 18, 2010 12:25 pm    Post subject: Reply with quote

fat_chris wrote:
Sadebugo wrote:
Also, remember the possibility of currency fluctuation when estimating your savings.


I agree with this point by Sadebugo.

Japan.

It's quite easy to send money to an overseas checking/savings account from Japan. The yen/USD exchange rate is to my advantage at the moment. This is nice for paying off bills and padding one's saving account.

So...

Japan.



Yeah, now. But I just read a Bloomberg article forecasting a 1/100 USD/Yen rate by the end of the year. That'd be like a 9-10% decrease in exchange... (or would it? I suck at math..)

Impossible to accurately predict these things. Like I said, it's a risk whenever you're working with a foreign currency and have to remit.
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