Korean Job Discussion Forums

weatherman · Joined: 14 Jan 2003 Location: Korea

I try not to buy so many drinks for the bartenders and barmaids thesedays. Be surprised just how much the bar staff can drink off of you.

happeningthang · Joined: 26 Apr 2003

Why the hell are you buying drinks for the people who are paid to sell them to you?

Blue Flower · Posted: Sun Nov 30, 2003 8:48 pm Post subject:

How do people survive on 100,000 a week? or even less than that? I find the 200,000 i allow myself to be too stringent. And it's not like i sit in a bar and drink myself stupid every night, or pay for hookers. I wonder where it goes? I've never done a budget before, as I hate being tied to something. But maybe I should give it a go. Is there anyone out there who actually knows what the hell they are talking about, who can give me a hand? please?

weatherman · Joined: 14 Jan 2003 Location: Korea

happeningthang · Joined: 26 Apr 2003

AAhhh.

A good answer Weatherman, it sounds perfectly reasonable to do so now.

Cheers

Homer · Guest

Blue flower,

In the case of a budget, being "tied down" to it is a good thing as it gives you more freedom to do things later on. I don't mean later on as in retired either but later on in that year, month or whatever span you wish.
We live on 250 000W week. This covers eveything quite nicely. I eat out monday to friday for lunch but eat bk and dinner at home (dinner someties out).
We go out on week-ends and do our thing. During the week you can set yourself a daily allowance to spend. That usually works out pretty good.
For example, 15 000W per day more than covers expenses for me since:
a) I work during the day
b) only real expense is lunch and transportation.

You sometimes go over the limit and sometimes come in under it. This means 75 000W per week for me and the same or even less for my wife as she works close to our place and usually prefers eating at home or at her parents place with her sister in law. This means 10 000W daily for my wife for 50 000 a week or a combined total of 125 000W. This leaves 125 000W for the week-end and for expenses per week. Thats more then enough.
Again sometimes we go over, sometimes under but we use these numbers as a guideline.
This means we can send 2.5 home every month and put at least 400 000W/month in our travel fund. When vacation time comes, we are quite happy to be able to travel where we chose.
We also do not live like monks as we go out to restaurants, movies, bars and so on during the week-end.
All a question of priorities really.

Blue Flower · Posted: Mon Dec 01, 2003 2:37 am Post subject:

Thanks - but since I live alone, I have no one to say, do you really need that? A good portion of my dosh goes to the supermarkets. I spend a ridiculously large amount of cash on food.

Tiger Beer · Joined: 07 Feb 2003

I usually spend about 1 million a month and save 1 million a month.

No taxis (unless with friends).
Internet in the apartment.
I only drink Cass Beer.
I have an aversion to cover charges.

khyber · Joined: 16 Jan 2003 Location: Compunction Junction

wow...200,000 a week???

Well, i guess that's what i got. But that includes bill and EERYTHING.

I'm gunning next month for 600,000
i send ALL but my spending money home at the BEGINNING of payweek. Go out for a nice dinner with the lady friend. Then foosh...outta my hair. WE mUST save money now so we're gettin' into a bit o trouble.

all, do you think that you will live (SANS bills and gas money [unless you have a car here]) on 200-250$ a week back home?
When i was poor for a while...i lived on less than 20$ a week (until i got paid which went to rent and bills) and then back on 20$ for anoher month. Why the smack can't i do that here? Just eat rice and kimchee and meat once a week

HardyandTiny · Joined: 03 Jun 2003

I save 80% of what I make.

weatherman · Joined: 14 Jan 2003 Location: Korea

crazylemongirl · Joined: 23 Mar 2003 Location: almost there...

since I get paid in case I siphon off what I need and keep the rest under my matress.

clg

bucheon bum · Joined: 16 Jan 2003

my method:

1. have two bank accounts, one for spending, one for saving
2. Put 1.2 million/month in savings account, never withdraw from that account (having no ATM card for it is good way to keep your hands off it)

My salary was 1,875,000 or so after deductions.

I really don't know how one could NOT save much money in Korea. If you can't save more than say, 500 bucks/month, then I don't think you could save anywhere.

Mr. Pink · Joined: 21 Oct 2003 Location: China

Cthulhu · Joined: 02 Feb 2003