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How much do you spend monthly?
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How much do you spend monthly in South Korea?
Less than W200,000
1%
 1%  [ 1 ]
W200,000 - W399,999
8%
 8%  [ 8 ]
W400,000 - W599,999
16%
 16%  [ 15 ]
W600,000 - W799,999
20%
 20%  [ 18 ]
More than W800,000
52%
 52%  [ 47 ]
Total Votes : 89

Author Message
koreanalysis



Joined: 01 Oct 2006

PostPosted: Sat Oct 28, 2006 6:27 am    Post subject: How much do you spend monthly? Reply with quote

How much do you spend monthly in South Korea?
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uofagirl



Joined: 06 Jan 2006
Location: Central Seoul

PostPosted: Sat Oct 28, 2006 7:04 am    Post subject: Reply with quote

On average, 1-1.2 million/month. Some months more, some less.
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jajdude



Joined: 18 Jan 2003

PostPosted: Sat Oct 28, 2006 10:49 am    Post subject: Reply with quote

Less than 800,000? I wish.
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ChuckECheese



Joined: 20 Jul 2006

PostPosted: Sat Oct 28, 2006 4:07 pm    Post subject: Reply with quote

I spend little over 1,000,000 and send rest to my off-shore account.
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Novernae



Joined: 02 Mar 2005

PostPosted: Sat Oct 28, 2006 10:23 pm    Post subject: Reply with quote

As a couple we've budgeted 1.2 a month for food, bills, and other spending. So far we've gone over a bit, but things are calming down.
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ttompatz



Joined: 05 Sep 2005
Location: Kwangju, South Korea

PostPosted: Sat Oct 28, 2006 10:31 pm    Post subject: Re: How much do you spend monthly? Reply with quote

koreanalysis wrote:
How much do you spend monthly in South Korea?


Most months we spend between 60 and 80 man won for a family of 3.

Occasionally we go over that when we buy new stuff like omputers or a car, and more often than not we come in under 600k won. We live a comfortable lifestyle but spend most of our time either at home or out in the park. We don't drink so there is a HUGE saving there (maybe 400k per month for a couple drinking nights on the town).

I manage to save something close to 2 mil per month.
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Meggiebea



Joined: 20 Oct 2006
Location: Uijeongbu, South Korea

PostPosted: Sun Oct 29, 2006 1:06 am    Post subject: Reply with quote

I find this poll to be a bit misleading. First of all there are people who go to Korea to save money and others go to have a great experience and spend money. Then some people make 1.9 million won and others make closer to 3.0 million won and spend accordingly. I'd be more interested to know what the average, first year, salary is. Hey there's an idea, someone start a poll!
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koreanalysis



Joined: 01 Oct 2006

PostPosted: Sun Oct 29, 2006 1:36 am    Post subject: Reply with quote

Meggiebea wrote:
I find this poll to be a bit misleading. First of all there are people who go to Korea to save money and others go to have a great experience and spend money. Then some people make 1.9 million won and others make closer to 3.0 million won and spend accordingly. I'd be more interested to know what the average, first year, salary is. Hey there's an idea, someone start a poll!


This is not a misleading poll at all. Actually, it's quite straightforward.

Also, you make the assumption that people who earn more spend more, and that is not always true. I know people who do not earn that much here, yet they spend a lot more than people with higher salaries who also have families to support.

As for salaries, hey - here's an idea... click this link:

http://www.eslcafe.com/forums/korea/viewtopic.php?t=69065
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SuperHero



Joined: 10 Dec 2003
Location: Superhero Hideout

PostPosted: Sun Oct 29, 2006 1:51 am    Post subject: Reply with quote

2 kids a car groceries and other expenses average about 1.8million a month.
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Smee



Joined: 24 Dec 2004
Location: Jeollanam-do

PostPosted: Sun Oct 29, 2006 2:00 am    Post subject: Reply with quote

Living single in the 시골. I spend on average 500,000 a month. I don't go out of my way to save money, but i put away 1/4 of my paycheck right away each month. And a few times a year I'll send money home. That'll probably change a little as I start making weekend trips more often. But even if I would "live it up" a lot more, I don't see how I'd spend more than 1/2 my paycheck. If I were living in Seoul or Bundang again, that might be a different story. But being one of the few white people around cuts down on my expenses at the bar or hof.

Hell, last year I was spending 200,000 a month on my officetel's utilities fees alone.
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sadsac



Joined: 22 Dec 2003
Location: Gwangwang

PostPosted: Sun Oct 29, 2006 4:58 pm    Post subject: Reply with quote

My wife and I spend around 600K per month on food and utlities. Smile
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JZer



Joined: 13 Jan 2005
Location: South Korea

PostPosted: Sun Oct 29, 2006 6:36 pm    Post subject: Reply with quote

Quote:
I find this poll to be a bit misleading. First of all there are people who go to Korea to save money and others go to have a great experience and spend money.


If your primary goal is to have a good time, then why come to Korea? I have not heard many people say they came to Korea to have a good time.


Last edited by JZer on Sun Oct 29, 2006 6:54 pm; edited 1 time in total
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VanIslander



Joined: 18 Aug 2003
Location: Geoje, Hadong, Tongyeong,... now in a small coastal island town outside Gyeongsangnamdo!

PostPosted: Sun Oct 29, 2006 6:44 pm    Post subject: Reply with quote

Some months 300,000-500,000 won.
Some months double that.
Rarely triple that.
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Privateer



Joined: 31 Aug 2005
Location: Easy Street.

PostPosted: Sun Oct 29, 2006 7:20 pm    Post subject: Reply with quote

You guys must all live on ramyeon and never go anywhere or do anything.
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VanIslander



Joined: 18 Aug 2003
Location: Geoje, Hadong, Tongyeong,... now in a small coastal island town outside Gyeongsangnamdo!

PostPosted: Sun Oct 29, 2006 7:28 pm    Post subject: Reply with quote

Privateer wrote:
You guys must all live on ramyeon and never go anywhere or do anything.

Quite the opposite.

I eat out in Korean restaurants at least four or five times a week. Because I do so with Koreans I only pay half the time. And Korean food is cheap in Korean restaurants in smaller communities away from the price-gouging big cities.

And I travel around the country on weekends. From one end to the other end for 20 to 30,000 won by comfy express bus. Accommodation is only 10 to 30,000 won in minbak, yeogwan or newer motels. Taxis and local buses are cheap to get around smaller cities.

I seriously don't understand how someone could spend more than a million won a month unless there's an expensive Western habit involved.

Maybe if I drank alot of imported beer and whiskey in bars instead of soju in Korean restaurants and soju tents and Korean friends' homes etc. Maybe if I went to Western-style restaurants or ordered beef a lot. Maybe if I collected DVDs or paid to "entertain" with Korean women.

Otherwise it's so easy to spend well under a million without even trying to save!
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