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jessie-b

Joined: 17 Apr 2006
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Posted: Fri Sep 15, 2006 4:26 pm Post subject: $300 enough to live on for a month? |
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I'm arriving in Korea next week to start my new job and have $300.00 U.S. to start out with. Will this be enough to last until my first paycheck, which I'll receive probably a month, maybe month and a half after I arrive? What must I budget into my living expenses? I think my boss is deducting my utilities from my paycheck so...will I be able to live semi-comfortably for a while? Also should I bring a blanket or factor that into my budget? |
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djsmnc

Joined: 20 Jan 2003 Location: Dave's ESL Cafe
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Posted: Fri Sep 15, 2006 4:49 pm Post subject: |
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Good lord man!
You might want to stock up on any and every toiletry you can think of.
When I first went to Korea, I thought about 500-600 dollars would suffice, but ended up spending about 1000 the first month. Part of that was because my fellow Korean teacher wanted me to have the best introduction to Korea and let me eat with his brother's family a number of times...
300 is meager...grim...just awful. Possible, but meager, grim, and just awful. I hope you are within walking distance to work, and able to refuse nights out with other people.
Don't you have a Visa card you could use for the month? |
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PRagic

Joined: 24 Feb 2006
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Posted: Fri Sep 15, 2006 4:57 pm Post subject: |
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Figure three square meals a day at 5 thousand won a pop = 105K/wk X 4 = 420 thousand KW/month (roughly 400 bucks for conversation's sake). Transportation? Social life? I'd say figure a grand, and even then you'll have to be practicle in your purchasing.
The good thing is that you'll probably be provided with free housing and your boss will probably float you an advance on your first paycheck. |
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Thunndarr

Joined: 30 Sep 2003
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Posted: Fri Sep 15, 2006 5:04 pm Post subject: Re: $300 enough to live on for a month? |
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jessie-b wrote: |
I'm arriving in Korea next week to start my new job and have $300.00 U.S. to start out with. Will this be enough to last until my first paycheck, which I'll receive probably a month, maybe month and a half after I arrive? What must I budget into my living expenses? I think my boss is deducting my utilities from my paycheck so...will I be able to live semi-comfortably for a while? Also should I bring a blanket or factor that into my budget? |
First, try to get an advance from your boss. A lot of foreigners arrive here in dire financial straits.
If that doesn't work, well, you don't want to be eating out much. Shop at the supermarkets and buy lots of rice.
Last edited by Thunndarr on Fri Sep 15, 2006 5:33 pm; edited 1 time in total |
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jessie-b

Joined: 17 Apr 2006
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Posted: Fri Sep 15, 2006 5:11 pm Post subject: |
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Thanks for being honest. I think I can get an advance from the director of the school, I just didn't want to. But I guess that a lot of people do that? |
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Hollywoodaction
Joined: 02 Jul 2004
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Posted: Fri Sep 15, 2006 5:13 pm Post subject: |
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It's not a lot of money, but it should be enough. Just get a large bag of rice, some kimchi, a large bag of frozen mandu, and fruit (get them from street vendors). You could also get some spaghetti and spaghetti sauce . If you do that, each meal would cost you about 1000 to 2000 won each. |
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ttompatz

Joined: 05 Sep 2005 Location: Kwangju, South Korea
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Posted: Fri Sep 15, 2006 5:16 pm Post subject: Re: $300 enough to live on for a month? |
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jessie-b wrote: |
I'm arriving in Korea next week to start my new job and have $300.00 U.S. to start out with. Will this be enough to last until my first paycheck, which I'll receive probably a month, maybe month and a half after I arrive? What must I budget into my living expenses? I think my boss is deducting my utilities from my paycheck so...will I be able to live semi-comfortably for a while? Also should I bring a blanket or factor that into my budget? |
If you are very careful and frugal you can do it. You will be like a student in the dorms eating noodles and rice. Kimbap is cheap. You can get hotdogs at 36 in a pack for $5 at E-mart. Refill your water bottle from the filter machine at the school instead of buying bottled water. No drinking or parties out.
A more realistic figure would be twice that for comfort sake. Even eating at home you will need spices, condiments, toilet paper, soap, etc. Setting up an apartment makes your 1st month the most expensive in terms of shopping for household items.
Some (most?) hakwons will give you an advance on your salary after you have been here for a couple weeks. If you are in a public school they will give you a 300k won settlement allowance a few days after you arrive to assist with your apartment setup.
Your house should already have things like a pot, some dishes, spoons and chopsticks, kitchen knife, bed,some bedding, and maybe a rice cooker. Don't worry about bringing a blanket.
If you want WESTERN style flat/fitted sheets instead of Korean style padded sheets (like a thin quilt) then you should bring a set.
Did I forget too much??? Good luck. You will be OK, but it may take a little imagination and patience in your first month. |
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jessie-b

Joined: 17 Apr 2006
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Posted: Fri Sep 15, 2006 5:18 pm Post subject: |
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I'm gonna go buy a bottle of wine while I can still afford it. So bring the blanket then? |
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ttompatz

Joined: 05 Sep 2005 Location: Kwangju, South Korea
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Posted: Fri Sep 15, 2006 5:33 pm Post subject: |
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jessie-b wrote: |
I'm gonna go buy a bottle of wine while I can still afford it. So bring the blanket then? |
Bring sheets if you want western style sheets.
Your apt. will have a blanket and the ondol heating here is very efficient. (nice to step onto a warm floor in the morning). |
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lastat06513
Joined: 18 Mar 2003 Location: Sensus amo Caesar , etiamnunc victus amo uni plebian
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Posted: Fri Sep 15, 2006 6:37 pm Post subject: |
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I would be the person to ask because that is exactly the amount I went to Korea with the first time I went there to be a teacher.
All I can say is that it took me 6 weeks to get my first paycheck and I also took an advance of another 300,000won as cash became very low.
But I would also agree with the other posters, start stocking up on necessities first, like tioletries.
Do you like to cook?
Because cooking your own food would help keep costs low, unless you like to eat ramyun and rice dishes all the time. Grocery shopping is relative from city to city- I think you can get by on about 100,000 for the month. Vegetables are very fresh and cheap, especially in the open-air markets. If you live in Seoul, the best vegetable shopping is in Yangjae- there is an open-air vegetable market near the subway station and there is a big one near Costco's. Stay away from name-brand products- Ottogi is just as good....really!
Also, get a transportation card- you can put 10,000 won at a time and if you use it for the subway or bus, you save at least 50 to 100 won each ride, which is better than paying full fare in cash or coin. Also, you can transfer from bus to subway for up to 5 times on each trip, so you can go a long distance on just 850 won.
And regardless of what people say here...if you are offered or if you can find part-time work, do it!
You can negotiate for them to pay up-front in cash for the classes, so you have some spare money around.
I would warn against borrowing against your paycheck, because if you do that, you will find yourself always short.
All I can say is once money starts rolling in, start stashing some away, if not for savings then for emergancies |
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Qinella
Joined: 25 Feb 2005 Location: the crib
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Posted: Fri Sep 15, 2006 8:03 pm Post subject: |
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Don't you have some stuff you can sell before you come? As everyone agrees, 300 for a month is no joy-ride.
Quick tip: do you have a lot of CDs or DVDs? A made a few hundred bucks selling most of mine before coming. |
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SPINOZA
Joined: 10 Jun 2005 Location: $eoul
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Posted: Fri Sep 15, 2006 8:15 pm Post subject: |
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Spending less than 300 in a week is a tall order for me.... |
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bosintang

Joined: 01 Dec 2003 Location: In the pot with the rest of the mutts
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Posted: Fri Sep 15, 2006 8:15 pm Post subject: |
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I don't think its possible. I mean, a Korean could probably do it, or even a foreigner who is comfortable with Korea, but they probably live with their families or at least have all their startup necessities. What if you need to take the bus or a taxi to work? When are you going to get a phone? A used phone will be about $70. Are you not going to phone home at all (phone card will be about $15)?
..and God forbid there's an emergency of any kind or your boss doesn't pay you on your 1st payday (it happens!!).
Really, to be comfortable you should have at least a $1000 and a way home in case of emergency, and even then you won't be living like royalty by any stretch. At the most absolutely desperate minimum, I'd say $500 and you'd better pray things go smoothly. |
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bosintang

Joined: 01 Dec 2003 Location: In the pot with the rest of the mutts
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Posted: Fri Sep 15, 2006 8:19 pm Post subject: |
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lastat06513 wrote: |
I would be the person to ask because that is exactly the amount I went to Korea with the first time I went there to be a teacher.
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How many years ago was this or where you familiar with Korea at all? I simply can't fathom it. The cost of transportation has just about doubled in the last two years. If you have to commute to work, that alone could run you $50/month or more. |
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JZer
Joined: 13 Jan 2005 Location: South Korea
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Posted: Fri Sep 15, 2006 9:00 pm Post subject: |
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Quote: |
Figure three square meals a day at 5 thousand won a pop = 105K/wk X 4 = 420 thousand KW/month (roughly 400 bucks for conversation's sake). |
It really depends if you will be working in Seoul or wherever. Outside of Seoul you could eat out for 4,000 Won a meal. That would be 12,000 times 30. So that would be about $360 a month. I think you will be working in a hogwon but if you work in a public school you can get lunch for 1,000-2,000 Won. If you are like many and don't get up in time for breakfast you can eat out for 6,000 Won-8,000 a day. So you might spend $240 US a month. |
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