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Getting through the first month
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creeper1



Joined: 24 Aug 2010
Posts: 481
Location: New Taipei City, Taiwan

PostPosted: Thu Dec 01, 2011 10:13 am    Post subject: Getting through the first month Reply with quote

Hello Gang

How much money should you bring to get through your first month? Comfortably.

I want to have enough for the emergency runner if I am unlucky enough to landed with a bad employer.

What currency is best to arrive with? Dollars, Euros, something else?

Is it easy to convert currency to Yuan? Are the money changers open long hours?

How about travelers cheques? My experience in Asia so far has taught me they don't trust/want travelers cheques.
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Shroob



Joined: 02 Aug 2010
Posts: 1339

PostPosted: Thu Dec 01, 2011 10:31 am    Post subject: Re: Getting through the first month Reply with quote

creeper1 wrote:
Hello Gang

How much money should you bring to get through your first month? Comfortably.

I want to have enough for the emergency runner if I am unlucky enough to landed with a bad employer.

What currency is best to arrive with? Dollars, Euros, something else?

Is it easy to convert currency to Yuan? Are the money changers open long hours?

How about travelers cheques? My experience in Asia so far has taught me they don't trust/want travelers cheques.


It depends on the city I would have thought. I think I spent around 2,000 yuan in the first month, but a lot of that was start up costs and one time purchases. I wouldn't say I was frugal, but I don't drink and like to cook at home so saved money there.

The plane ticket cost will depend on where you are getting out of and where you are going to.

I'd recommend RMB, no one uses dollars or other currency where I am.

I've never had to change money so can't comment on that.
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askiptochina



Joined: 26 Feb 2010
Posts: 488
Location: Beijing

PostPosted: Thu Dec 01, 2011 10:42 am    Post subject: Reply with quote

Quote:
I want to have enough for the emergency runner


1. Chinese exchange is low if you haven't noticed.

2. Come on a tourist visa if you are worried about an emergency runner.

This is not like Korea. You don't do runners. You tell the Chinese employer you are more couth.


Last edited by askiptochina on Thu Dec 01, 2011 10:45 am; edited 1 time in total
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creeper1



Joined: 24 Aug 2010
Posts: 481
Location: New Taipei City, Taiwan

PostPosted: Thu Dec 01, 2011 10:44 am    Post subject: Reply with quote

Sorry. Do you mean I should change the money in my home country?

Yes. There are a lot of one time purchases. Pots, pans, clothes racks etc etc.

The city I am going to is Foshan.

The country I'd run to (only as a last resort) would be the UK.

I am going to be coming on a z-visa not a tourist visa.

Cheers.
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askiptochina



Joined: 26 Feb 2010
Posts: 488
Location: Beijing

PostPosted: Thu Dec 01, 2011 10:46 am    Post subject: Reply with quote

Quote:
The country I'd run to (only as a last resort) would be the UK.


Good luck finding an English teaching job there.
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Mister Al



Joined: 28 Jun 2004
Posts: 840
Location: In there

PostPosted: Thu Dec 01, 2011 10:47 am    Post subject: Reply with quote

Come with at least USD1000 plus enough for a flight home, all in cash. You can change USD to RMB in the bank very easily almost everywhere and you will get a better rate in China.
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Zimmer



Joined: 26 Oct 2011
Posts: 229

PostPosted: Thu Dec 01, 2011 10:48 am    Post subject: Reply with quote

Dollars are probably the easiest to change here but I'd bring Yuan if you can. Or change a decent chunk at the airport. It's not always easy to change money , especially in a strange country and not speaking the language and you don't want to be without yuan your first few days while you find someone who can help you.

As to how much.. that really depends on your situation. Where will you be living? How furnished is it? What city? what will you need to buy? Will you be taking taxis to work or walking? Can you cook at home or will you be eating outside ?

Bring as much as you can would be my advice.
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Guerciotti



Joined: 13 Feb 2009
Posts: 842
Location: In a sleazy bar killing all the bad guys.

PostPosted: Thu Dec 01, 2011 1:17 pm    Post subject: Reply with quote

big_big_bang_theory_fan wrote:
You shouldn't be here in China whatsoever if you are premeditating "pulling a runner" ! It's that simple. There is a difference between having enough cash for emergencies, etc. and skipping out on your legal and professional obligations.


Please allow me to retort. Preparation is not planning. If things get out of hand, you want a way out. Asking other FTs for flight money is not an exit plan.

Plan for the worst, expect the best. Basic vacation and emigration planning. As a matter of fact, this is basic (almost everything) planning.
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Lobster



Joined: 20 Jun 2006
Posts: 2040
Location: Somewhere under the Sea

PostPosted: Thu Dec 01, 2011 1:43 pm    Post subject: Reply with quote

Some people here don't understand the difference between premeditation and caution even though they claim to be English teachers. I apologize on their behalf.

RED
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rogerwilco



Joined: 10 Jun 2010
Posts: 1549

PostPosted: Thu Dec 01, 2011 2:38 pm    Post subject: Reply with quote

One of the things that I have learned is to always have a "plan b" and even a "plan c".
It helps to give me patience and peace of mind, and it also allows me to be prepared for the many surprises that happen in China and elsewhere.

I believe that it is foolish to not plan ahead and try to be prepared for the many challenges and surprises that can happen in life.
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MisterButtkins



Joined: 03 Oct 2009
Posts: 1221

PostPosted: Thu Dec 01, 2011 3:53 pm    Post subject: Reply with quote

Bring at least 100000$ in cash... no but really, bring enough for a flight ticket plus 3k RMB, I think that should cut it. I mean really, if you do pull a runner you are just going to need enough to buy a ticket and get you on the plane, and if you aren't pulling a runner 3k plus however much a plane ticket costs (at least 5k? so 8k total?) should be more than enough to get you by.
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lemak



Joined: 19 Nov 2011
Posts: 368

PostPosted: Thu Dec 01, 2011 4:38 pm    Post subject: Reply with quote

$1,000 for the plane ticket and $500 for the first month's expenses. Change at least $100 into yuan before you get to China just to be on the safe side in case airport banks or money changers are closed.
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xiguagua



Joined: 09 Oct 2011
Posts: 768

PostPosted: Thu Dec 01, 2011 6:50 pm    Post subject: Reply with quote

I brought one months salary that I was being paid in China. And that was way too much. My apartment was furnished, I only bought hangers and laundry detergent and a towel. The rest of my money was spent on food, I didn't even buy a cell phone for about 3 months. Granted I was in a small town, but I figure if you can't survive the first month with a months salary, then you might be in trouble the future months.

My roommate at that time only had about 500yuan.......I had to loan him money, which he paid back.
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Mike E



Joined: 06 Oct 2011
Posts: 132

PostPosted: Sat Dec 03, 2011 6:06 am    Post subject: Reply with quote

In your experience, will a credit card be much help, if expenses do build up in the first month?
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7969



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

PostPosted: Sat Dec 03, 2011 6:22 am    Post subject: Reply with quote

Mike E wrote:
In your experience, will a credit card be much help, if expenses do build up in the first month?

Sure as long as you have credit available. You can get a cash advance on a foreign credit card at most, if not all, banks in China now. Wasn't like that seven or eight years ago but the system has improved.
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