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Can I Live like this: Weekly Budget from Cheaposaurus Rex
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goingtothecountry



Joined: 15 Aug 2010

PostPosted: Tue Aug 17, 2010 7:35 pm    Post subject: Reply with quote

Saving money is all good and fine but what do you plan on doing, staying in your apartment watching tv all day and night? If you're the outdoorsy type and like going hiking and mountain climbing and all that I don't think that budget will even cover one meal. And if you drink, start getting used to soju. Shocked
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thegadfly



Joined: 01 Feb 2003

PostPosted: Tue Aug 17, 2010 7:38 pm    Post subject: Reply with quote

I'd say budget 10,000 won a day rather than 6,000, but shoot for 6. Any day you are under 10, toss that in your weekend kitty. 10 or less is doable most normal days, but 6 is a stretch.

At 10, you hit your mark most days, and feel good about "saving" toward your weekend. At 6, you will probably go over by at least a few hundred won on a fairly frequent basis, and will feel bad for "missing your mark," or else, you will forego the little things that might make a day brighter (a cup of instant, 200 won coffee from the machine, a bus ride instead of walking across town, a taxi ride instead of a bus, one more roll of kimbop, a bottle of soju, whatever) just to hit the mark....

Northway is right about the higher costs of some of your basic items, but there are also things that are discounted. If you shop at E-mart in the last hour or so before they close, a lot of things get discounted. For example, the marinated meats (bulgogi (beef), nam yong taeji kalbi(pork)) are about 12k per package, and I get 5 or 6 meals from one package (with rice, of course). An hour before close, I have gotten the packages at 2 for 1 -- so 12k for meat for 12 meals. Portion into baggies and freeze, and you have some meat to go with your rice, at 1k a meal....

The open-air markets or local versions of them can also have cheap produce at times -- shop around. Even a few "service" servings tossed in will make it easier to live on a budget.
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ttompatz



Joined: 05 Sep 2005
Location: Kwangju, South Korea

PostPosted: Tue Aug 17, 2010 8:41 pm    Post subject: Re: Can I Live like this: Weekly Budget from Cheaposaurus Re Reply with quote

KwardBound wrote:
eggs, chicken, tuna, potatoes, bananas, peanuts, oats, rice, etc. These are my basic things and I'm sure they can't cost too much, right? Its all about preparation anyway. If I spend the first 2 weeks stocking things up then I'm the type that will be pretty much set for the rest of the year.

btw, I will check out your blog: OnlyinKorea87


Meat (of any kind) is NOT cheap. $1-2 per 100 grams for the cheapest stuff you can find. How does $8 per pound for regular hamburger sound?

Fruits are EXPENSIVE. Apples or oranges are $1 each. Bananas aren't much better.

Oats (as in quaker/rolled oats) are hard to find and cost about $10/kilo. If you mean as whole grains you are pretty much SOL.

Potatoes are cheap - as in $3-5 per kilo.

Rice in small quantities cost $3-5 per kilo (you can get better prices if you buy 20kg at a time).

You better wait till you get here before you balance your budget or just stay in Queens.

.
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samd



Joined: 03 Jan 2007

PostPosted: Tue Aug 17, 2010 11:05 pm    Post subject: Reply with quote

KwardBound wrote:
1 year in and 1 year out.

Even if I fall in love with Korea, I can only stay for 1 year and have to settle with just returning to Korea years later.

Uh, right now in NYC, I am saving $1,500-$2000 per month. I'm on an un-steady budget, so I basically only spend $500 per month. Also, the money that I am saving will be categorized. Part of it will be reserved for travel.


You won't save US$2000 a month in Korea. If your reason for the move is to have a cultural experience you won't have much of one for 6000won a day.

Why not either scale down your savings goal from 20K closer to 15, or just stay home and save 20+?
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wiganer



Joined: 13 Jul 2010

PostPosted: Tue Aug 17, 2010 11:36 pm    Post subject: Reply with quote

verloc wrote:
The OP sounds like a fun guy to go out for a drink with. As long as you're paying, that is.


There are plenty of that type of waygook for sure - Every single one of them from the United States has been my personal experience - this is not a knock on Americans by the way but every tight fisted, bill dodging arsehole has been United Statesian in my experience - I know a generous American - but he is only one person! And I have not found this problem with other nationalities.

So the OP is joining a very big and experienced club.
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mm



Joined: 01 Jul 2010

PostPosted: Tue Aug 17, 2010 11:59 pm    Post subject: Reply with quote

Why are you so concerned with saving money?

I use to be 'friends' with the cheapest guy possible. He was a dirty hippiesh guy from California. He didn't buy new clothes or books. Even in the middle of winter he refused to buy a winter coat. Only spent his money on enough food to survive and maybe a night out once a month. He lived next to his school so he didn't have to pay for buses and rarely left his house. He managed to save 17 million won in one year and even went on a ten day vacation to Thailand, where he had to miss school and pay for a replacement. He was making 2.4 a month plus free housing.

But who wants to live that kind of lifestyle.

You can easily save a million won a month on a 2.5 million salary.
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Reise-ohne-Ende



Joined: 07 Sep 2009

PostPosted: Wed Aug 18, 2010 12:19 am    Post subject: Reply with quote

wiganer wrote:
verloc wrote:
The OP sounds like a fun guy to go out for a drink with. As long as you're paying, that is.


There are plenty of that type of waygook for sure - Every single one of them from the United States has been my personal experience - this is not a knock on Americans by the way but every tight fisted, bill dodging arsehole has been United Statesian in my experience - I know a generous American - but he is only one person! And I have not found this problem with other nationalities.

So the OP is joining a very big and experienced club.


You may not have intended this as a knock on Americans, but that is exactly how it reads.

Could we keep the generalizations and insults to a minimum, please?
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wiganer



Joined: 13 Jul 2010

PostPosted: Wed Aug 18, 2010 12:27 am    Post subject: Reply with quote

Reise-ohne-Ende wrote:

You may not have intended this as a knock on Americans, but that is exactly how it reads.


So? Is truth not a defence anymore?

Quote:
Could we keep the generalizations and insults to a minimum, please?


I bet if I was talking about those dastardly Canadians, you wouldn't have pipped up. You will find a lot of people who have the same experiences as me in regards their tight fisted American pals... look at the OP - where is he from again?

And the vast majority of posts on here about 'saving money' and being cheapistas are made by that one nationality again and again...
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northway



Joined: 05 Jul 2010

PostPosted: Wed Aug 18, 2010 12:29 am    Post subject: Reply with quote

wiganer wrote:
Reise-ohne-Ende wrote:

You may not have intended this as a knock on Americans, but that is exactly how it reads.


So? Is truth not a defence anymore?

Quote:
Could we keep the generalizations and insults to a minimum, please?


I bet if I was talking about those dastardly Canadians, you wouldn't have pipped up. You will find a lot of people who have the same experiences as me in regards their tight fisted American pals... look at the OP - where is he from again?

And the vast majority of posts on here about 'saving money' and being cheapistas are made by that one nationality again and again...


Probably because we vastly outnumber every other nationality on here?

Either way, most of the Americans (and Canadians) that I'm around here tend to spend money like it's their job, even the ones with significant bills to pay back home.
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Space Cowboy



Joined: 27 Mar 2010
Location: On the blessed hellride

PostPosted: Wed Aug 18, 2010 12:32 am    Post subject: Reply with quote

wiganer wrote:
verloc wrote:
The OP sounds like a fun guy to go out for a drink with. As long as you're paying, that is.


There are plenty of that type of waygook for sure - Every single one of them from the United States has been my personal experience - this is not a knock on Americans by the way but every tight fisted, bill dodging arsehole has been United Statesian in my experience - I know a generous American - but he is only one person! And I have not found this problem with other nationalities.

So the OP is joining a very big and experienced club.


Rolling Eyes Please consult the following link: http://en.wikipedia.org/wiki/Availability_heuristic
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Reise-ohne-Ende



Joined: 07 Sep 2009

PostPosted: Wed Aug 18, 2010 12:39 am    Post subject: