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jdniii
Joined: 17 May 2007
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 Posted: Sat May 19, 2007 8:05 pm Post subject: On average, how much money do you bank a month? |
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| I am considering making the move over to Korea, and one of the major reasons is the money! Now I have read all about how it depends on your lifestyle etc, but I am wondering what is the average everyone saves a month. Thanks. |
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Stephne
Joined: 16 May 2007
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| Posted: Sat May 19, 2007 8:10 pm Post subject: |
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Yes, it depends on your lifestyle. It also depends on how much you have to pay off on bills back home, like student loans, etc.
If you don't have a mountain of bills, there is no reason why you can't save at least US$1000 per month and live very comfortably too. That's if you don't go out partying every night. Just make sure you have all your ducks in a row before you come. A lot of foreigners end up losing more money than they make because of some crooked recruiters and employers.
The best of luck with your search. |
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dogshed
Joined: 28 Apr 2006
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| Posted: Sat May 19, 2007 8:54 pm Post subject: |
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I spent a lot of money skiing and that put me behind
and now I'm thinking of getting a motorcycle.
I've sent home $8280 since coming here in August
but I have bills back home and now I just signed up
to start making student loan payments. I'll save
those forbearance months for when
I really need them. |
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monkinwonderland
Joined: 17 May 2007
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| Posted: Sat May 19, 2007 9:22 pm Post subject: |
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| I think it's reasonable, that if you're making 2.2, that you can put $1,500 a month if you're pretty strict with your budget. |
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pest2
Joined: 01 Jun 2005
Location: Vancouver, Canada
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| Posted: Sat May 19, 2007 9:38 pm Post subject: |
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| dogshed wrote: |
I've sent home $8280 |
Please try to be a little more exact with that figure. I just dont believe it was merely __80$. Wasnt it more like 8277.59$? 
Anyway, it depends on what you earn and your lifestyle.
First year I was here, I only got 1.9 and had student loans so I didnt save a thing. Last year, I saved more since I didnt have the loans. This year, I'm getting 2.7 and its enough to put away an amount sufficient enough to jet from this place once and for all and get through grad school. I put away 1300$+ each month.
Ironically, if you really like Korea, you might not be saving as much. You'll be out buying, "bangbang" Korean brand designer jeans and going to nori bangs and drinking OB beer all the time and blowing your cash.
If you end up not liking it and thinking its boring here, you will save like mad because there's nothing will want to buy (except food).
The caveat is when you have some vacation time and Korea has become so unbearable that you are forced to spend a ton of money travelling to some other country for a week or 2. |
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desperation
Joined: 17 Apr 2007
Location: Those who know, won't say and those who say, don't know. Welcome to Dave's !
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| Posted: Sat May 19, 2007 10:44 pm Post subject: |
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| pest2 wrote: |
| dogshed wrote: |
I've sent home $8280 |
Please try to be a little more exact with that figure. I just dont believe it was merely __80$. Wasnt it more like 8277.59$?
Anyway, it depends on what you earn and your lifestyle.
First year I was here, I only got 1.9 and had student loans so I didnt save a thing. Last year, I saved more since I didnt have the loans. This year, I'm getting 2.7 and its enough to put away an amount sufficient enough to jet from this place once and for all and get through grad school. I put away 1300$+ each month.
Ironically, if you really like Korea, you might not be saving as much. You'll be out buying, "bangbang" Korean brand designer jeans and going to nori bangs and drinking OB beer all the time and blowing your cash.
If you end up not liking it and thinking its boring here, you will save like mad because there's nothing will want to buy (except food).
The caveat is when you have some vacation time and Korea has become so unbearable that you are forced to spend a ton of money travelling to some other country for a week or 2. |
This is the 100% best answer anyone is going to give on the subject, period. |
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dogshed
Joined: 28 Apr 2006
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| Posted: Sun May 20, 2007 12:02 am Post subject: |
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Oops pasted in the wrong window.
Last edited by dogshed on Sun May 20, 2007 3:54 am; edited 1 time in total |
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Tokki1
Joined: 14 May 2007
Location: The gap between the Korean superiority and inferiority complex
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| Posted: Sun May 20, 2007 12:35 am Post subject: |
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1k/month. Standard
Last edited by Tokki1 on Sun May 20, 2007 7:22 am; edited 1 time in total |
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zappadelta
Joined: 31 Aug 2004
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| Posted: Sun May 20, 2007 3:25 am Post subject: |
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| monkinwonderland wrote: |
| I think it's reasonable, that if you're making 2.2, that you can put $1,500 a month if you're pretty strict with your budget. |
I disagree. If you are making 2.2, after taxes, pension, health etc., you are looking at 1.95 or so. Then, you also have your apartment bills to pay, so maybe 1.8 after that. That gives you 300k won a month for spending money. That's not enough, unless you do absolutely nothing every day. I think saving 1 - 1.2 is more accurate. |
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Zark
Joined: 12 May 2003
Location: Phuket, Thailand: Look into my eyes . . .
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| Posted: Sun May 20, 2007 3:38 am Post subject: |
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I'll go with the US$1000 per month notion.
Everyone has a different lifestyle and needs. But if you aren't saving $1000 a month - you aren't even trying.
And, it can be done without counting your pennies. |
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Woland
Joined: 10 May 2006
Location: Seoul
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| Posted: Sun May 20, 2007 4:10 am Post subject: |
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| $2,500 - $3,000 per month. But my job is better than almost everyone else's here, plus I'm pretty frugal. My target for this year is $32,000 total and I should make it easily. |
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cubanlord
Joined: 08 Jul 2005
Location: In Japan!
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| Posted: Sun May 20, 2007 4:53 am Post subject: |
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| $3,500 USD a month. |
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pest2
Joined: 01 Jun 2005
Location: Vancouver, Canada
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| Posted: Sun May 20, 2007 5:12 am Post subject: |
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| Woland wrote: |
| $2,500 - $3,000 per month. But my job is better than almost everyone else's here, plus I'm pretty frugal. My target for this year is $32,000 total and I should make it easily. |
Darn, where do you work?? I wanna go there... Actually, I know someone who makes about 5 million per month writing TOEFL tests plus teaching a few odd classes... but he says he has to work 12 hour days so it balances out... |
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zappadelta
Joined: 31 Aug 2004
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| Posted: Sun May 20, 2007 5:56 am Post subject: |
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| cubanlord wrote: |
| $3,500 USD a month. |
Between you and your wife, or just you? Either way, pretty good. |
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robot
Joined: 07 Mar 2006
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| Posted: Sun May 20, 2007 6:17 am Post subject: |
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deleted for privacy
Last edited by robot on Thu Jan 24, 2008 7:53 pm; edited 1 time in total |
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