Korean Job Discussion Forums

[Meggiebea]

My question is basically: At the end of the month, what is the difference between what you have left in the bank and your paycheck?

Like many people I am coming to Korea to save money and pay off some loans. I just want to make sure that my goals are realistic.

I know this thread has been done before but some people state they spend 300 000 a month, others are at 1.8 million per month. Are they including taxes, utilities etc. I am looking for an answer that includes ALL expenses, even paycheck deductions.

I am hoping that I can spend around 1 million on EVERYTHING per month, taxes, medical, pension, utilities, food, entertainment etc etc etc.

[Darkness]

If you really try you can spend way less then a million a month. I usually budge for W125k - W150/week....and that's plenty!!

[aarontendo]

Eh I'm right around the 800,000 won mark. I'd say about 1,000,000 if we're counting Korean classes

[mytime]

100 000won lasts me about 8-10 days (i dont pay any bills except for internet)
So I guess I spend 400 000 a month
But I live in the countryside, so its hard to spend money here

[jlb]

I get paid 2.3

After taxes, pension, healthcare, most of my bills, etc, I come home with just over 2.1

I then spend 100 000 a week on food and fun and my phone and gas bill.

So I save 1.7 a month but I am pretty thrifty so you need to keep that in mind!

[piscin]

Jesus Christ I'm brutal.

I have yet to save a penny and I'm here six months

[goodgood]

its taken me six months to stop spending all my money. now i can save 1.4 every month (off 2. 3 all told) without even trying

[Meggiebea]

So budgeting 250 000 for payroll deductions, 100 000 for Utilities,
400 000 for groceries, and 300 000 for entertainment is realistic?

This puts me at just over 1 million off my paycheck. Yahoo!

[trinity24651]

Meggie - we will be Korean millionaires!!!

[heydelores]

I spend under W500,000 each month, but my only bills are gas (usually less than 2,000) and telephone/internet (usually around W40,000).