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eamo
Joined: 08 Mar 2003
Location: Shepherd's Bush, 1964.
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 Posted: Mon Nov 07, 2011 10:10 pm Post subject: |
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Formal school attendance is compulsory in Britain from age 5 - 16. Then an optional two more years if you want to take A levels and go to university.
That makes 14 years of formal schooling.
So is two years of kindergarten considered 'formal schooling' in the US? |
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weso1
Joined: 26 Aug 2010
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| Posted: Mon Nov 07, 2011 10:38 pm Post subject: Re: Koreans living with parents |
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| Draz wrote: |
| weso1 wrote: |
Today my Kgf just told me she has about $40k saved and is on track to have about $100k by the time she's 30  |
So she is 25 now, and is expecting to save 60k in the next 5 years. That is 12k/year, and 1k/month.
The question isn't how she's managing to do it, it's how you are having trouble wrapping your head around this rather modest goal. I don't know how much your loans are, but considering you get free rent just like your girlfriend you might want to look at your other expenses to see why you are saving so much less when you probably make a lot more. |
Gross Salary - 2,300,000KRW
__________________________
Pension - 100,000
Medical - 66,000
Income tax - 30,000
Net salary - 2,100,000
__________________________
Cable/Internet - 65,000
Electricity/Gas - 200,000
Student Loans - 430,000
Savings - 250,000
left over - 1,155,000KRW
And that doesn't include grocery shopping for food, household products, occasional new pants or shirts when needed. So exactly how am I supposed to save 1 million won a month and live on 155,000?
Yeah. Wrap your head around that frog boy. |
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Zyzyfer
Joined: 29 Jan 2003
Location: who, what, where, when, why, how?
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| Posted: Mon Nov 07, 2011 10:57 pm Post subject: |
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Frog girl, not boy. Or frog woman, technically. Oh, whatever.
You're already saving 250K, what's stopping you from saving 500K? You really shouldn't need more than say 800K for a standard month.
Mind, I'm not criticizing. I'm too worried about my own finances to care what you do for yours. |
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The Floating World
Joined: 01 Oct 2011
Location: Here
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| Posted: Mon Nov 07, 2011 11:16 pm Post subject: |
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| I used to be able to save 1.3mil on a 2.3mil salary easily. You can get by on 600k a month for food and jollies easily. |
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UknowsI
Joined: 16 Apr 2009
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| Posted: Mon Nov 07, 2011 11:17 pm Post subject: Re: Koreans living with parents |
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| weso1 wrote: |
Gross Salary - 2,300,000KRW
__________________________
Pension - 100,000
Medical - 66,000
Income tax - 30,000
Net salary - 2,100,000
__________________________
Cable/Internet - 65,000
Electricity/Gas - 200,000
Student Loans - 430,000
Savings - 250,000
left over - 1,155,000KRW
And that doesn't include grocery shopping for food, household products, occasional new pants or shirts when needed. So exactly how am I supposed to save 1 million won a month and live on 155,000?
Yeah. Wrap your head around that frog boy. |
How come you are not considering your 250,000 saving post as saving? I would even consider student loan down payments as savings, which gives you 835,000 won to live for, which is more than plenty. Even with the 405,000 you would get without counting the student loans you can get by although it might not leave you much money for drinking. |
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jvalmer
Joined: 06 Jun 2003
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| Posted: Mon Nov 07, 2011 11:26 pm Post subject: |
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| eamo wrote: |
Formal school attendance is compulsory in Britain from age 5 - 16. Then an optional two more years if you want to take A levels and go to university.
That makes 14 years of formal schooling.
So is two years of kindergarten considered 'formal schooling' in the US? |
Standard in Canada/US is grades 1-12 (ages 6 to 17).
Not sure why that one poster found it difficult to believe that plenty of people graduate university at 21? |
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The Floating World
Joined: 01 Oct 2011
Location: Here
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| Posted: Tue Nov 08, 2011 2:27 am Post subject: Re: Koreans living with parents |
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| UknowsI wrote: |
| weso1 wrote: |
Gross Salary - 2,300,000KRW
__________________________
Pension - 100,000
Medical - 66,000
Income tax - 30,000
Net salary - 2,100,000
__________________________
Cable/Internet - 65,000
Electricity/Gas - 200,000
Student Loans - 430,000
Savings - 250,000
left over - 1,155,000KRW
And that doesn't include grocery shopping for food, household products, occasional new pants or shirts when needed. So exactly how am I supposed to save 1 million won a month and live on 155,000?
Yeah. Wrap your head around that frog boy. |
How come you are not considering your 250,000 saving post as saving? I would even consider student loan down payments as savings, which gives you 835,000 won to live for, which is more than plenty. Even with the 405,000 you would get without counting the student loans you can get by although it might not leave you much money for drinking. |
I drunk more last year than you and him put together and I still assert I saved 1.3 a month from a 1.3 salary (though I eventually blew most of it at the tables) |
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Chimie
Joined: 05 Oct 2011
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| Posted: Tue Nov 08, 2011 4:00 am Post subject: |
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| jvalmer wrote: |
| eamo wrote: |
Formal school attendance is compulsory in Britain from age 5 - 16. Then an optional two more years if you want to take A levels and go to university.
That makes 14 years of formal schooling.
So is two years of kindergarten considered 'formal schooling' in the US? |
Standard in Canada/US is grades 1-12 (ages 6 to 17).
Not sure why that one poster found it difficult to believe that plenty of people graduate university at 21? |
6-17 is only 11 years, yet same as America, there are 12 years of standard education.
For example: I was born October of 87. I turned 5 in October of 92 and started school August of the following year (1993-1994 school year). I was 5 (soon to be 6) when I started school. I was one of the first people to turn 6 during the year. 12 years later, I turned 18 early my Senior year (2005-2006).
Seeing as School starts in late August and ends in mid-June, there's roughly 2 months worth of people who graduate before they turn 18. Unless they skipped a year or started a year early (for some born in early September)
Since University starts in August as well, it's on the exceedingly rare side for people to be 17 when they enter college (They would have had to have skipped a grade or started early).
4 years in college would put the average person at 22, however, as I pointed out, the trend is moving the average time of graduation to 4 1/2 years or 5. I understand if you take summer classes and whatnot it's possible to cram enough classes to get out in 3, but still, that's not a huge number of people.
I obviously know it's -possible- to graduate at 21, but it's a small minority, at least in the US/CA.
Now I also don't know anything about the British education system, so forgive me for my ignorance on that part. However, I thought it was internationally the standard for people to go through 12 years of education before they enter Uni. |
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jvalmer
Joined: 06 Jun 2003
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| Posted: Tue Nov 08, 2011 10:07 am Post subject: |
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| Chimie wrote: |
| 6-17 is only 11 years, yet same as America, there are 12 years of standard education. |
Buddy the years are inclusive. You have to include the 1 year you are missing when doing the math so it is 12 years. I'll give you an example of the first two years.
grade 1 - age 6 (start at 5 turn 6)
grade 2 - age 7 (start at 6 turn 7)
7-6 = 1 year, but it spans two years, and grades, of your life. I can continue this example in another post if you wish....
Many start at 5 and as long as they turn 6 in that first year of primary school they are allowed to enter school. Always wondered why Koreans tend not to start their kids in school until that 6-7 age range? |
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Chimie
Joined: 05 Oct 2011
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| Posted: Tue Nov 08, 2011 10:32 am Post subject: |
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| jvalmer wrote: |
| Chimie wrote: |
| 6-17 is only 11 years, yet same as America, there are 12 years of standard education. |
Buddy the years are inclusive. You have to include the 1 year you are missing when doing the math so it is 12 years. I'll give you an example of the first two years.
grade 1 - age 6 (start at 5 turn 6)
grade 2 - age 7 (start at 6 turn 7)
7-6 = 1 year, but it spans two years, and grades, of your life. I can continue this example in another post if you wish....
Many start at 5 and as long as they turn 6 in that first year of primary school they are allowed to enter school. Always wondered why Koreans tend not to start their kids in school until that 6-7 age range? |
I understand how school years work(did you read my post at all?) But here's the thing, you claimed schooling goes 6-17. If you're going to use the age you TURN while in the grade, do that with Senior year/Year 12 as well.
Here's your example extrapolated for you
Age you start - Age you turn : Grade
5-6 : 1
6-7 : 2
7-8 : 3
8-9 : 4
9-10 : 5
10-11 : 6
11-12 : 7
12-13 : 8
13-14 : 9
14-15 : 10
16-17 : 11
17-18 : 12
Just saying, it would be 5-17, 6-18, or even 5-18 if you're covering all ages spent in school... 6-17 though is, without a doubt, only 11 school years.
Not sure what you mean by the 1 year that is missing....
Turning 18 your senior year means that most people who received a "4 year degree" would be 22 when they graduated.
My original "Who the heck graduates college at 21 anyways" comment was meant as a tongue-in-cheek response anyways, not sure why it garnered so much response.... |
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jvalmer
Joined: 06 Jun 2003
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| Posted: Tue Nov 08, 2011 1:44 pm Post subject: |
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| Chimie wrote: |
14-15 : 10
16-17 : 11
17-18 : 12 |
Are you doing this on purpose? The corrected values for you...
14-15 : 10
15-16 : 11
16-17 : 12
Still ends up at 17 years old. The age you turn when in that grade... Half my graduating grade 12 class were still 17 years old when they graduated.
If you count 6 to 17 it is 12 numbers. Don't bother fighting me on basic math like this, I have a solid background in a very math heavy field. |
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Triban
Joined: 14 Jul 2009
Location: Suwon Station
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| Posted: Tue Nov 08, 2011 2:49 pm Post subject: Re: Koreans living with parents |
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| weso1 wrote: |
I used to joke with my Korean friends and gfs about living with their parents for such a long time. I'd call them a baby because mom still cooks and cleans for them and pays all their bills. All in fun of course.
Today my Kgf just told me she has about $40k saved and is on track to have about $100k by the time she's 30
I have some savings, but nothing nearing that amount. I pay my student loans and all my living expenses except for rent. I set some back to travel and vacation once a year or so, and always manage a few hundred in savings each month. But damn, I kind of wish I could still live with my mom after hearing that.
Thoughts? |
By the time I am 30 I should have over $100k saved up. And no, I do not live with my parents. However, I have not racked up and outstanding debts. Right now I am saving around 2 million a month. |
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chrisinkorea2011
Joined: 16 Jan 2011
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| Posted: Tue Nov 08, 2011 3:08 pm Post subject: |
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| jvalmer wrote: |
| Chimie wrote: |
14-15 : 10
16-17 : 11
17-18 : 12 |
Are you doing this on purpose? The corrected values for you...
14-15 : 10
15-16 : 11
16-17 : 12
Still ends up at 17 years old. The age you turn when in that grade... Half my graduating grade 12 class were still 17 years old when they graduated.
If you count 6 to 17 it is 12 numbers. Don't bother fighting me on basic math like this, I have a solid background in a very math heavy field. |
you guys really arguing over number of years in school? lol the thing about it is that it depends on what age you started school. In the USA if you are born late in the year they make you wait an extra year (oct or nov birth for example) a BIG percentage of students are 18 when they graduate NOT 17. |
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chrisinkorea2011
Joined: 16 Jan 2011
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| Posted: Tue Nov 08, 2011 3:08 pm Post subject: Re: Koreans living with parents |
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| Triban wrote: |
| weso1 wrote: |
I used to joke with my Korean friends and gfs about living with their parents for such a long time. I'd call them a baby because mom still cooks and cleans for them and pays all their bills. All in fun of course.
Today my Kgf just told me she has about $40k saved and is on track to have about $100k by the time she's 30
I have some savings, but nothing nearing that amount. I pay my student loans and all my living expenses except for rent. I set some back to travel and vacation once a year or so, and always manage a few hundred in savings each month. But damn, I kind of wish I could still live with my mom after hearing that.
Thoughts? |
By the time I am 30 I should have over $100k saved up. And no, I do not live with my parents. However, I have not racked up and outstanding debts. Right now I am saving around 2 million a month. |
Id like to know how you are saving that much up, do share eh? |
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jamesy
Joined: 24 Nov 2005
Location: incheon, korea
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| Posted: Tue Nov 08, 2011 3:59 pm Post subject: |
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| Chimie wrote: |
| jvalmer wrote: |
| Chimie wrote: |
| 6-17 is only 11 years, yet same as America, there are 12 years of standard education. |
Buddy the years are inclusive. You have to include the 1 year you are missing when doing the math so it is 12 years. I'll give you an example of the first two years.
grade 1 - age 6 (start at 5 turn 6)
grade 2 - age 7 (start at 6 turn 7)
7-6 = 1 year, but it spans two years, and grades, of your life. I can continue this example in another post if you wish....
Many start at 5 and as long as they turn 6 in that first year of primary school they are allowed to enter school. Always wondered why Koreans tend not to start their kids in school until that 6-7 age range? |
I understand how school years work(did you read my post at all?) But here's the thing, you claimed schooling goes 6-17. If you're going to use the age you TURN while in the grade, do that with Senior year/Year 12 as well.
Here's your example extrapolated for you
Age you start - Age you turn : Grade
5-6 : 1
6-7 : 2
7-8 : 3
8-9 : 4
9-10 : 5
10-11 : 6
11-12 : 7
12-13 : 8
13-14 : 9
14-15 : 10
16-17 : 11
17-18 : 12
Just saying, it would be 5-17, 6-18, or even 5-18 if you're covering all ages spent in school... 6-17 though is, without a doubt, only 11 school years.
Not sure what you mean by the 1 year that is missing....
Turning 18 your senior year means that most people who received a "4 year degree" would be 22 when they graduated.
My original "Who the heck graduates college at 21 anyways" comment was meant as a tongue-in-cheek response anyways, not sure why it garnered so much response.... |
I was offered a Uni place when I was sixteen, but decided to stay another year at school, so in theory I could have graduated from a four degree course when I was twenty. I was born in November, so started Primary school when I was four. I did seven years of Primary and six years of Secondary school, so was seventeen when I went to Uni. BTW I'm from Scotland, and I know a few people that graduated when they were twenty. |
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