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Korean Job Discussion Forums
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comm
Joined: 22 Jun 2010
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 Posted: Fri Dec 31, 2010 7:34 pm Post subject: |
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| Adios_Corea wrote: |
| Being paid monthly is WAY better than weekly or bi-weekly. A paycheck every Friday tends to lead to pissing 95% of your salary away, whereas one payday per month really helps you to stash away the savings. |
America would probably be a better place if everyone were paid monthly. Maybe people would learn what saving is. But then, irresponsible people would still blow all their cash the first weekend and break out the credit card for the rest of the month... |
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Illysook
Joined: 30 Jun 2008
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| Posted: Fri Dec 31, 2010 7:38 pm Post subject: |
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| I don't care how often I am paid, I just want to get paid a little more. The cost of living here has skyrocketed this year. 880 to a million used to cover my expenses more than adequately, now it takes nearly a million and a half. |
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vermouth
Joined: 21 Dec 2009
Location: Guro, Seoul
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| Posted: Fri Dec 31, 2010 7:48 pm Post subject: |
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I don't really have anything against montly pay per se but when you have so many snakes like run hagwons its really frustrating when they're late and it's like 5 or 6 or 7 weeks between paychecks.
Then it can start to get really uncomfortable. But that has more to do with the scumbags who run Hagwons here than the salary scheme in and of itself. |
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Adios_Corea
Joined: 17 Dec 2010
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| Posted: Fri Dec 31, 2010 7:53 pm Post subject: |
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| Illysook wrote: |
| I don't care how often I am paid, I just want to get paid a little more. The cost of living here has skyrocketed this year. 880 to a million used to cover my expenses more than adequately, now it takes nearly a million and a half. |
"Skyrocketed"?
Don't you think that this is a bit of an exaggeration? Petrol prices are down, gas/electricity/water/internet/cable/insurance bills are all about the same...rent is still zero (for most of us here)....restaurant prices are about the same...maybe 500 or 1000 won higher here and there. Transport costs are the same.
Some food prices have gone up at the supermarket, but hardly to the tune of any more than 50,000 won higher per month, and even that I would question as these increases can be easily mitigated by buying different products as the seasons change.
2 of us live easily off of less than 1.2 million, and we have a car, gym membership, animals to feed, and so on.
The cost of living here has hardly skyrocketed....there is inflation everywhere...all it takes is a quick trip home to see how incredibly affordable life is here. |
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NYC_Gal 2.0
Joined: 10 Dec 2010
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| Posted: Fri Dec 31, 2010 8:43 pm Post subject: |
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| It costs less for 2 people to cohabitate than it does for them to live separately. |
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goniff
Joined: 31 Dec 2007
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| Posted: Fri Dec 31, 2010 9:14 pm Post subject: |
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yeah...i would prefer hourly or daily too but for some reason my boss
balked at that request...also told him i preferred to get paid in cash... |
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passport220
Joined: 14 Jun 2006
Location: Gyeongsangbuk-do province
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| Posted: Fri Dec 31, 2010 9:24 pm Post subject: Re: I don't like being paid monthly |
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| Zackback wrote: |
| When can we change it in order to be paid bi-monthly or weekly? Waiting a full month really rots. |
You agreed to one pay schedule and now you would be asking to change it. You employer may or may not need to make some type of sacrifice to accommodate you. In a professional relationship it is considered poor form to ask for something for nothing. |
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Adios_Corea
Joined: 17 Dec 2010
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| Posted: Sat Jan 01, 2011 4:28 pm Post subject: |
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| NYC_Gal 2.0 wrote: |
| It costs less for 2 people to cohabitate than it does for them to live separately. |
Sure...but I am talking about 1.2 million total for 2 people, not 1.2 million each. If two can live off of 1.2 then 1 can certainly live off 1 million....at any rate, the amount that one budgets for their living expenses is an entirely different issue. My point is that the cost of living in Korea has hardly 'skyrocketed'. Even if overall inflation were at 10% over the past year (which it's not) someone who spent 900,000 the year before per month would be spending 990,000 to buy the same goods. The previous poster claimed that his/her expenses had risen from 880,000-1,000,000 up to 1.5 million purely on the rise in the cost of living in Korea....this simply is not possible.
Inflation in South Korea in 2010 was 2.9%, which is a normal, healthy inflation rate. If someone gets a 100,000/month raise (which is the standard for resigning) on a 2.2 million won salary, this is a 4.5% increase in wage, 1.6% higher than inflation.
http://www.inflation.eu/inflation-rates/south-korea/historic-inflation/cpi-inflation-south-korea-2010.aspx
My guess is that this person's spending habits changed, not the overall cost of living in Korea. |
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Illysook
Joined: 30 Jun 2008
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| Posted: Sun Jan 02, 2011 6:33 pm Post subject: |
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I like Apples and when I got here, I could buy a bag of them for 5000 won, now that same bag is 10,000 Won, so it has doubled. Food is typically the largest part of my monthly budget.
I also make a little less money and live in a more expensive area. My transportation to school and back was free, and I pay for it. So, I think that my expenses have gone up, but prices have also increased. |
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NYC_Gal 2.0
Joined: 10 Dec 2010
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| Posted: Sun Jan 02, 2011 6:45 pm Post subject: |
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| Adios_Corea wrote: |
| NYC_Gal 2.0 wrote: |
| It costs less for 2 people to cohabitate than it does for them to live separately. |
Sure...but I am talking about 1.2 million total for 2 people, not 1.2 million each. If two can live off of 1.2 then 1 can certainly live off 1 million....at any rate, the amount that one budgets for their living expenses is an entirely different issue. My point is that the cost of living in Korea has hardly 'skyrocketed'. Even if overall inflation were at 10% over the past year (which it's not) someone who spent 900,000 the year before per month would be spending 990,000 to buy the same goods. The previous poster claimed that his/her expenses had risen from 880,000-1,000,000 up to 1.5 million purely on the rise in the cost of living in Korea....this simply is not possible.
Inflation in South Korea in 2010 was 2.9%, which is a normal, healthy inflation rate. If someone gets a 100,000/month raise (which is the standard for resigning) on a 2.2 million won salary, this is a 4.5% increase in wage, 1.6% higher than inflation.
http://www.inflation.eu/inflation-rates/south-korea/historic-inflation/cpi-inflation-south-korea-2010.aspx
My guess is that this person's spending habits changed, not the overall cost of living in Korea. |
I know what you mean, but for one more person to only add an extra 200k to the bill, your having used 2 people in your argument wasn't a very accurate example.
I spend about 1.2-1.3 per month, and save the rest for a rainy day. I don't eat out a lot, but I do like high-quality specialty items (often but not always imported) in my fridge and pantry.
ie: miso over dwenjang, brie and stinky cheddar over slices, organic milk, eggs, and produce over non organic, whole grain sourdough over white bread, etc...
This is no different from my grocery shopping at home, so it's not terrible, but prices have gone up in the past year, more than the numbers you're quoting. The other poster mentioned apples. I've noticed this as well. |
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Died By Bear
Joined: 13 Jul 2010
Location: On the big lake they call Gitche Gumee
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| Posted: Sun Jan 02, 2011 7:24 pm Post subject: |
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If you get paid every two weeks like me, you get more paychecks per year than if you were paid twice a month, or once a month.
every two weeks - 26 paydays
twice a month - 24 paydays
once a month - 12 paydays same as number two. |
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jamal0000
Joined: 11 Dec 2010
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| Posted: Sun Jan 02, 2011 8:18 pm Post subject: |
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| Illysook wrote: |
I like Apples and when I got here, I could buy a bag of them for 5000 won, now that same bag is 10,000 Won, so it has doubled. Food is typically the largest part of my monthly budget.
I also make a little less money and live in a more expensive area. My transportation to school and back was free, and I pay for it. So, I think that my expenses have gone up, but prices have also increased. |
When did you get here? |
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kprrok
Joined: 06 Apr 2004
Location: KC
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| Posted: Sun Jan 02, 2011 8:37 pm Post subject: |
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| Died By Bear wrote: |
If you get paid every two weeks like me, you get more paychecks per year than if you were paid twice a month, or once a month.
every two weeks - 26 paydays
twice a month - 24 paydays
once a month - 12 paydays same as number two. |
And if you get paid every other week, each paycheck is smaller than the others. It all works out in the end that you get the same amount. It's all about budgeting. |
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sulperman
Joined: 14 Oct 2008
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| Posted: Sun Jan 02, 2011 11:52 pm Post subject: |
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| Illysook wrote: |
I like Apples and when I got here, I could buy a bag of them for 5000 won, now that same bag is 10,000 Won, so it has doubled. Food is typically the largest part of my monthly budget.
I also make a little less money and live in a more expensive area. My transportation to school and back was free, and I pay for it. So, I think that my expenses have gone up, but prices have also increased. |
10,000 won? Do you buy your fruit and vegetables at emart or homeplus or lotte mart? Do you light your cigarettes with 1000 won bills too? I could never understand why suckers would pay double, triple, or even quadruple normal prices to buy that stuff at the big box chains. |
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naturegirl321
Joined: 18 Jul 2006
Location: Home sweet home
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| Posted: Mon Jan 03, 2011 2:54 am Post subject: |
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| I prefer a month. Makes budgeting easier. |
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