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Korean Job Discussion Forums "The Internet's Meeting Place for ESL/EFL Teachers from Around the World!"
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Draz

Joined: 27 Jun 2007 Location: Land of Morning Clam
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Posted: Sun Sep 14, 2008 11:06 pm Post subject: |
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yingwenlaoshi wrote: |
Draz wrote: |
blaseblasphemener wrote: |
Disconnect your cable and internet. Only use internet at work. |
I'm doing this now. It's actually not a money saver though because it means I go out more, and spend more money. DOH!!! |
Yeah, I can understand disconnecting cable, but the Internet? No way. It's only a buck a day. |
Technically I didn't disconnect it. I moved and haven't gotten around to setting it up yet. It can wait. |
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rusty1983
Joined: 30 Jan 2007
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Posted: Wed Sep 17, 2008 10:27 am Post subject: |
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wylies99 wrote: |
rusty1983 wrote: |
You could do what I did. Eat at a kimbap restaurant for both meals and live like a monk. Then you eventually crack up and go out and get absolutely wrecked all weekend. |
Any more tips?  |
Yeah, time your monk-like existence to be a month or two before you go on holiday. Then you can really spank it hard. It is more or less impossible to be frugal when you are on holiday (it's too sad) so a few months living it down in Nowhere-Dong sets you up awesomely for the biggest blow-out ever in Tokyo or wherever. |
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asylum seeker
Joined: 22 Jul 2007 Location: On your computer screen.
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Posted: Wed Sep 17, 2008 12:46 pm Post subject: |
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When you go out with a group of other foreigners and there's a tab on the table quietly slip out before everyone else finishes without leaving any money. Not even a measly 10 000 won. It's a great way to go out and get drunk for free.
Oh, and if your Korean workmates often buy snacks at work partake of them as much as possible (you may not even need to eat dinner that evening if you get in quickly enough!) but don't feel the need to ever reciprocate and shout them any snacks. After all you're only here in their godforsaken country to earn money! Human relations pale in comparison to your quest to earn as much money as possible in your allotted time. |
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sojusucks

Joined: 31 May 2008
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Posted: Wed Sep 17, 2008 11:51 pm Post subject: |
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I try to buy food in bulk to save money, usually at CostCo.
I loaded up on American beef, which costs less than Korean and Australian beef (much less). |
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eamo

Joined: 08 Mar 2003 Location: Shepherd's Bush, 1964.
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Posted: Thu Sep 18, 2008 12:41 am Post subject: |
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Quote: |
Oh, and if your Korean workmates often buy snacks at work partake of them as much as possible (you may not even need to eat dinner that evening if you get in quickly enough!) but don't feel the need to ever reciprocate and shout them any snacks. |
I know you're joking but a foreign teacher I know actually did that. She would sidle up the the timid little Korean teachers at lunch break, ask them what they were eating, all interested like, and, of course, be then offered to try some. She never bought herself lunch!!
Really though. Some of the stuff said on this thread in seriousness is shocking. There's being thrifty, then there's being an absolute cheapskate miser. As well as looking foolish in front of the locals. |
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wylies99

Joined: 13 May 2006 Location: I'm one cool cat!
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Posted: Thu Sep 18, 2008 12:47 am Post subject: |
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asylum seeker wrote: |
When you go out with a group of other foreigners and there's a tab on the table quietly slip out before everyone else finishes without leaving any money. Not even a measly 10 000 won. It's a great way to go out and get drunk for free.
Oh, and if your Korean workmates often buy snacks at work partake of them as much as possible (you may not even need to eat dinner that evening if you get in quickly enough!) but don't feel the need to ever reciprocate and shout them any snacks. After all you're only here in their godforsaken country to earn money! Human relations pale in comparison to your quest to earn as much money as possible in your allotted time. |
Tell us more.  |
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Drew345

Joined: 24 May 2005
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Posted: Thu Sep 18, 2008 4:04 am Post subject: |
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Don't know if these 2 have been mentioned yet:
1. Do shopping in 30 minute increments where possible. You can take a bus to some place, shop 30 min, transfer free to the subway, shop 30 min, then transfer free to another bus to go on from there. You don't have to have it rule your life, but use those 30 min free transfers when you just need to stop in somewhere.
2. Stay out of all convenience stores. Their price mark-ups are crazy. It's good for your health and your wallet to just stay out of them. |
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Harpeau
Joined: 01 Feb 2003 Location: Coquitlam, BC
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Posted: Sun Oct 26, 2008 11:24 pm Post subject: |
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Shop at vintage clothing stores. Dongmyo station, exit #3 has a good one. Awesome herringbone tweed jackets for 8,000 won or so! |
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rooster_2006
Joined: 14 Oct 2007
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Posted: Mon Oct 27, 2008 11:41 pm Post subject: Re: Any tips for living frugally here? |
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travelingfool wrote: |
This place is not cheap at all. Between things like water, food, etc, I am easily spending 10 to 15K won per day. I only eat at little ma and pop places and eat street food. Sometimes taking a bus is not practical and cab fares can add up quickly. Even the fruits and vegetables on the streets are not cheap. It seems like eating at home can be more costly than eating out when factoring in all the things you need.
Can anyone offer any suggestions on how to keep my daily expenses below 10k? Thank you in advance for your help. |
Living here can be extremely cheap, especially with the new exchange rates.
I rented a 하숙집 (hasukjip) last year for 280,000 won a month. With that, I got a room (unshared), food, and internet. So I had water, food, and shelter -- the three things you need to survive, and it was less than $200 a month by today's exchange rate.
The trouble with conserving your money is avoiding impulses. It's easy to go through 10,000 won a day in food if you eat every meal at a restaurant, even Kimbap Cheonguk. If you're in absolute crazy savings mode, I'd recommend making weekly trips to the grocery store with a BIG bag that you bring yourself (saves 50 won) and stock up on multiple loaves of bread (cheap), tuna (cheap), jjajang pouches (650 won each where I am, which is cheap), etc. This way, you can eat fairly normally with stuff that you prepare at home for no more than 5,000 won a day.
You should make sure you always have your T-Money card charged up so that you never need to bring cash anywhere. Not having any cash in your wallet is a great way to deter the temptation to spend, while still being able to afford transportation. As soon as you get home, you have access to cash, but you're a lot less likely to use it if you already have a cupboard full of edible food right there.
English teachers love to knock hasukjips and goshiwons, but they're great for economy, not just because the low rent but because the meals are free (or in goshiwons at least the rice and kimchi is often free). So if you are a teacher, maybe you could get your employer to put you in a hasukjip instead of a one-room apartment -- your food and utilities will instantly become free, and you can possibly pocket the difference in cost. This could easily make a difference of $3,000 per year.
Do your shopping in Dongdaemun market DURING THE DAY. That's when the flea market is open. I have picked up ties, dress pants, a nice Italian designer polo shirt, etc. all for 1,000 WON EACH. I'm not kidding. I also got a TI-89 Titanium graphing calculator for 20,000 won, some nice army pants for 4,000, a folding bed for 23,000, etc. That place has some incredible deals.
The problem with saving money in Korea is not that it's expensive, because it's not. It's a marvel how cheap this place can be if you're really disciplined (which can be hard to do with all the convenience stores and restaurants). The main problem right now is the exchange rate -- so if I were you, I'd just keep my won instead of converting to US dollars, until the rate changes back to a semblance of what it was. |
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Draz

Joined: 27 Jun 2007 Location: Land of Morning Clam
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Posted: Tue Oct 28, 2008 12:12 am Post subject: |
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Draz wrote: |
yingwenlaoshi wrote: |
Draz wrote: |
blaseblasphemener wrote: |
Disconnect your cable and internet. Only use internet at work. |
I'm doing this now. It's actually not a money saver though because it means I go out more, and spend more money. DOH!!! |
Yeah, I can understand disconnecting cable, but the Internet? No way. It's only a buck a day. |
Technically I didn't disconnect it. I moved and haven't gotten around to setting it up yet. It can wait. |
Still no internet. That's an extra 60,000 won in the bank! Woohoo! |
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kiteflyer
Joined: 27 Jan 2008
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Posted: Tue Oct 28, 2008 1:21 am Post subject: My first frugal year |
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edited
Last edited by kiteflyer on Tue Mar 10, 2009 3:57 pm; edited 1 time in total |
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girlcabbie
Joined: 15 Oct 2008
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Posted: Tue Oct 28, 2008 2:58 pm Post subject: |
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nolegirl wrote: |
Roam up hooker hill looking desperate...
But I guess on a serious note you should get some privates. |
Won't the first thing be a little difficult without the second?  |
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rooster_2006
Joined: 14 Oct 2007
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Posted: Tue Oct 28, 2008 8:52 pm Post subject: |
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Get a prepaid phone and re-up it only once every three months (for 10,000 won per re-up). After a month has elapsed after each re-up, you will not be able to make calls, but you will still be able to receive them if someone needs to call you about something important. So that's 3,333 won a month for a cell phone plan. For outbound calls, use Skype or a phone card (both are MUCH cheaper, and do not need to be re-upped on a regular basis). Doing this, telephony shouldn't cost you more than 4,000 won a month if you only use it for important stuff.
If you need cheap western food, buy cheap MREs (Meals Ready to Eat) in Dongdaemun Market. I've picked up many delicious, vacuum-packed dishes for 100 won a piece that way.
Take one of the many free Korean courses taught by volunteers at a local church. This is way better than going to a Korean university (and paying over $1,000 per term) which claims its courses are accredited, but they actually aren't. Remember, in the ROK, Korean language courses are not recognized by the Ministry of Education as real university-level credit despite what your university might say, so since neither place is accredited, both types of courses are essentially the same. Just go for the free ones that don't lie to you.
Buy used textbooks for your private students at the used book store next to the Lexus dealer at Noksapyeong station. There's absolutely no reason why the student needs a shiny new textbook that costs three times as much. For all the student knows, it's worn because you used it with a previous student. They have many good textbooks available for 6,000 or 7,000 won each, and having a textbook (instead of trying to make up the lessons off the top of your head) is much more efficient and less time-consuming. Buying a textbook instead of making up your lessons may sound like it costs more money, but consider that it saves you time to take on more private lessons.
When ordering things from the United States, if the UPS bill seems insane, ask them if they can ship by USPS Airmail instead. On things like textbooks, this can save you a TON of money.
Instead of joining a gym, get a pedometer to measure your walking (chances are you're already walking several miles a day if you're doing private lessons) and make use of exercise equipment in your building (my goshiwon has a weight set on the roof) and do some of your walking in mountains, where there are more types of exercise devices. I think you could get a full-body workout for free this way, instead of paying 70,000 won a month to some gym, and you'd be getting a lot more fresh air and flexibility in terms of time (some gyms are closed on Sunday, if you can believe that).
If you have a student ID card of any type (and I don't care where it's from), flash it whenever there's something expensive. I continually get my boat tickets to Japan much cheaper by doing that. |
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brento1138
Joined: 17 Nov 2004
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Posted: Tue Oct 28, 2008 9:48 pm Post subject: |
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The Lucky 13 Laws to $aving money in Korea!
1. Don't shower at home, period. You will be paying for gas and water. Who needs that? Lakes and rivers are fine (if you live out of Seoul). See #8 for other options.
2. Eat only when absolutely starving. It is the normal human condition, Africans do it all the time. You can skip breakfast, eat lunch around 2ish. Have a light meal before going to bed. Rice rice rice!
3. Only buy bulk cabbage, bulk rice, and eggs for protein. Vegetables and fruits are allowed only if in season and ultra-cheap. Freeze what you can if it is about to go bad. Don't throw away peels, keep em, freeze em, then eat them when times are tough! Learn how to make kimchi. Enjoy cheap meat, perhaps SPAM, whenever you're lucky. Steal water from your school's filter or drink tap water (even if it makes you sick!)
4. Shut down internet. Waste of 50,000 per month. Use your school computer or "use" your friends for their computer (email checking, etc.) Shut down the cellphone. You can get people to email you only. Then meet them at a pre-arranged date only. Don't get cable obviously, and if you need to watch TV, stand outside a window of a restaurant and look in.
5. Friends... get rid of them ASAP! They'll want you to pay for meals, etc. Only make friends with those you can "use." For example, start making friends with rich people who will buy you meals! Exchange English for food. And then, start educating yourself: ie. rubbing shoulders with poor people (cardboard collectors) and watch them carefully...
6. Start collecting cardboard in your free time. Perhaps on your subway trip, walk back and forth looking for used newspapers. You can save some good money by saving it! Purchase a good rickshaw for the cardboard (they're cheap! and easily paid off quickly with the cardboard!). Don't forget bottles and used / broken electronics. Perhaps you can clean up old electronics and try to pawn them off on some sucker!
7. Do tons of privates. Only charge 60,000 per hour. Lie that you graduated Harvard, but cannot find your degree to prove it. Ask the parents mothers if they can provide you food and, perhaps, a shower... just say your bathroom is being renovated.
8. Walk/Jog to work. Even if it is a few kilometers, you can save money by not taking the subway or bus. Plus, you save money by NOT joining a fitness club or buying a bike!
9. If you're sick or hurt yourself, heal the natural way! No doctors! Wait it out weakling! You can save about 4,000 won this way.
10. Create a fake charity, construct a kleenex box, wear a white shirt and tie, stand around populated places in hopes that people will give you money! Don't say anything, just stand there, bring a cup of water for fake tears. You can do this in your free time every night in areas where people drink (more easily duped) plus you aren't going out to "have fun" but merely work.
11. Ditch your girlfriend or get one who pays for you all the time. Try looking for the daughter of a rich Samsung businessman. Convince her to give you money for "investments" saying you'll pay her back, then say you lost it all in stocks and that you're sorry! Works best if you have multiple girlfriends like this... You can also pimp yourself out to local Adjumas who've always wondered what it's like to be with a westerner... for that... charge 200,000 per "sensual visit" (the going rate).
12. Bust open those used clothing bins (big blue bins in alleyways) where people put in their old clothes. Never pay for clothing! Or soap! Only handwash them in rivers (soap is expensive, dont bother) or in your student's shower.
13. Why go out and buy sheets when you can wrap yourself warm at night with used clothing? Make a big bed of clothes, like a pile of hay, and sleep in it. Don't bother with heating your place, your body heat (and lying next to your fridge which gets hot on the outside) will be enough!
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Get a NEW job that pays more!!!!  |
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SaveTheWhales
Joined: 14 Jun 2006 Location: Busan
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Posted: Wed Oct 29, 2008 3:08 am Post subject: |
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At the markets, look for rotten fruits/vegetables and ask the ajummas if you can have them for half price. Cut off the rotten bits at home and use them to make a fruit and veg stew.
Don't buy books, read other people's. Look over their shoulder on the subway.
Put newspaper under your shirt in the winter, it's warm!
Steal toilet paper and soap from public toilets. You can squeeze liquid soap into an empty soda bottle.
Wait for end of season sales. But when the end of the season arrives, don't buy anything. Just start waiting for the end of the next season.
Use hair as dental floss
Collect bits of erasers and lost pencils from your students. Compose 'stationery sets' out of them and sell them to your students during breaktimes. Bully them into buying.
Don't put food in your cupboards, you'll just end up eating it. Instead just draw some pictures of food and put them in there to make it look nice. Turn the fridge off and do the same. Don't buy the pictures though, draw them yourself.
Instead of getting drunk, try this. Hold your breath, close your eyes and spin around in circles faster and faster until you fall over. Get up again and keep doing it.
Stop if you get a migraine. |
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