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Your hints at ways to spend less in Korea
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Cedar



Joined: 11 Mar 2003
Location: In front of my computer, again.

PostPosted: Thu Jun 16, 2011 6:07 am    Post subject: Reply with quote

I'm sure it's been mentioned, but cook something that will see you through 3 meals or so. Rice (and I don't use a rice cooker) is great hot, then room temperature I throw it in a salad (think my own personal style of Bibimbap) and then after it's been refrigerated I use it in fried rice dishes. I make batches of soup that last through 3 meals or so (for me and my husband). I make some of my banchan- I mean, I love to buy some good banchan, but there are lots of banchan that are simple and cheap to make yourself. This time of year I make a lot of cucumber banchan and I'm a big fan of eggplant banchan. Most of my banchan will also last a couple meals.

We don't drink or smoke, that saves tons of money.

We don't go out for overpriced Western food (a little overpriced Thai from time to time, though).

We go for hikes. They're free.

We turn off the hot water except when we shower or wash a bunch of dishes (not in the winter, of course, but this time of year). Our last utility bill (gas) was around 12,000 for a 2 bedroom apartment with 4 outside walls (all with windows) on the top floor of the building.

If you are going out of town and cheap, the buses from Nambu Terminal are cheaper (if they go to your location). There are for many buses, even from Central or Express Bus Terminal cheaper ones (4 seats across) every hour to two, reserve for those ones and pay 1/3 less for your ticket.

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Highwayman



Joined: 22 May 2011

PostPosted: Thu Jun 16, 2011 8:44 pm    Post subject: Reply with quote

ktkates87 wrote:
Also, I'm still kicking myself about this.....but I have to agree with the other posters! Don't buy everything at Emart. I found this to be especially true of produce. We have stopped eating out and saved so much by buying produce at the market around the corner. I hardly go to Emart now.

Local markets - what's the deal with these places? Do you have to haggle much to get a price, or just take what comes?

How much do you save on things like peppers, onions, tomatoes, apples, and so on?
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wintermute



Joined: 01 Oct 2007

PostPosted: Thu Jun 16, 2011 9:21 pm    Post subject: Reply with quote

Buy less you-know-what

Do "that thing" instead of "that other thing"




You did ask for hints, right?
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Quack Addict



Joined: 31 Mar 2008
Location: Seoul

PostPosted: Thu Jun 16, 2011 11:06 pm    Post subject: Reply with quote

Buy veggies from a farmers market. The Emart or Lotte Mart veggies are waaaaaayyyyyy overpriced. Try the Guri Veggie Market or Garak Market or Moran Station Veggie Market. There are many in Seoul and vacinity.
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PatrickGHBusan



Joined: 24 Jun 2008
Location: Busan (1997-2008) Canada 2008 -

PostPosted: Fri Jun 17, 2011 3:43 am    Post subject: Reply with quote

Highwayman wrote:
ktkates87 wrote:
Also, I'm still kicking myself about this.....but I have to agree with the other posters! Don't buy everything at Emart. I found this to be especially true of produce. We have stopped eating out and saved so much by buying produce at the market around the corner. I hardly go to Emart now.

Local markets - what's the deal with these places? Do you have to haggle much to get a price, or just take what comes?

How much do you save on things like peppers, onions, tomatoes, apples, and so on?


You can typically haggle but the prices are generally lower than Emart or Homeplus.

We used to shop for fresh produce every 2 or 3 days at our local market in Busan. Great quality and lower prices.
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Warhammer820



Joined: 03 Jun 2011
Location: USA

PostPosted: Fri Jun 17, 2011 8:22 am    Post subject: Reply with quote

does Netflix online work in Korea?


zappadelta wrote:
sojusucks wrote:
Go see movies for something to do that's inexpensive.


That's inexpensive?
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Died By Bear



Joined: 13 Jul 2010
Location: On the big lake they call Gitche Gumee

PostPosted: Fri Jun 17, 2011 10:08 am    Post subject: Reply with quote

You could do like this one guy I knew, never buy any beer, wait for friends to invite you out and never reciprocate, tell everyone you're perpetually broke. That was for you L.
Laughing
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ontheway



Joined: 24 Aug 2005
Location: Somewhere under the rainbow...

PostPosted: Fri Jun 17, 2011 11:32 am    Post subject: Reply with quote

Spending less is not the problem.

1) First, decide how much you want to save each month. Put it in your separate dedicated savings account and never touch it. Be bold. Save and invest a lot. Never spend it for food, fun or folly.

2) Second, pay for your monthly utilities and other expenses. You can do your best to use less water, shorter phone calls, turn off lights etc, but your monthly "nut" will average out over time. You have to pay for this stuff, so do it.

3) Third, shop for good healthy food. Don't buy expensive items, but don't skimp on your health.

But, don't waste food. Eat your leftovers. Don't go out to eat when there's food at home that is enough and could go to waste.

4) Don't waste money on bad habbits. Quit. Smoking, junk food, excessive drinking etc are expensive, waste money and increase your lifelong health expenses. You'll save money, live longer, be healthier, be more attractive, improve your sex life and find better partners if you give up your bad habbits.

Instead, exercise at home for free, or you can spend money to join a gym or health club if it fits in your budget. Exercise will have benefits opposite to the personal costs associated with your bad habbits.

5) Don't waste money on clothing. Buy as little clothing as possible, just enough to get buy and the cheapest items possible. Most people don't care what you are wearing most of the time. If you go shopping for clothes, including shoes, more than once or twice per year, you are wasting money.

6) Now, spend what you have left. Enjoy it. Have fun. But, never spend more than the monthly cash you have left at this point. No credit cards. Cash only. If there's some trip, some outing, bar hopping, movie, whatever, that you want to do, but you're short of funds - then don't do it. Stay home. Read a book. Go hiking. Play board games. Help a poor kid with free English lessons at your school. Talk to people about stuff. Have a real conversation.

7 ) If you want to buy something major, pay cash. Save the cash out of your monthly fun budget. Do not touch your savings. If you don't have enough money to buy the computer or take a vacation trip outside of your savings, then wait until you do. No credit cards. No debt.

If your friends are always out spending large sums of money to have fun, do not go with them - these people are losers. Find better friends.

You can live a good life and enjoy it without spending money. In fact, you might just be more secure, more confident, more comfortable and happier than the spendthrifts who are perpetually broke and worrying.
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HymanKaplan



Joined: 14 Jun 2011

PostPosted: Fri Jun 17, 2011 11:14 pm    Post subject: Reply with quote

If you like fruit, a lot of kinds are still good frozen. Since fresh fruit is anywhere from 3 to 8 times the price I'd pay back home, I was thrilled when I realized some of the frozen stuff at HomePlus thaws out OK. (And is cheaper and better-tasting than the canned kind).

Stout wrote:
Industrial run-off/heavy metals/insecticides/defoliants/general pollution= maybe not such a grand idea to drink boiled tap water. Is 3-4000 won for 6 2L bottles from E-Mart such a dealbreaker as to compel you to drink that stuff?

I bought a Brita Filter at Costco. I've never used one back home, but the water was so awful and I flat out refuse to buy bottled water. It's a bit of an initial investment (W35k I think), but very much worth it.

HK
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Warhammer820



Joined: 03 Jun 2011
Location: USA

PostPosted: Sat Jun 18, 2011 12:39 am    Post subject: Reply with quote

Is that the system that you hook up to the faucet and it automatically becomes drinkable when it comes out?

HymanKaplan wrote:
If you like fruit, a lot of kinds are still good frozen. Since fresh fruit is anywhere from 3 to 8 times the price I'd pay back home, I was thrilled when I realized some of the frozen stuff at HomePlus thaws out OK. (And is cheaper and better-tasting than the canned kind).

Stout wrote:
Industrial run-off/heavy metals/insecticides/defoliants/general pollution= maybe not such a grand idea to drink boiled tap water. Is 3-4000 won for 6 2L bottles from E-Mart such a dealbreaker as to compel you to drink that stuff?

I bought a Brita Filter at Costco. I've never used one back home, but the water was so awful and I flat out refuse to buy bottled water. It's a bit of an initial investment (W35k I think), but very much worth it.

HK
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PatrickGHBusan



Joined: 24 Jun 2008
Location: Busan (1997-2008) Canada 2008 -

PostPosted: Sat Jun 18, 2011 2:35 am    Post subject: Reply with quote

Ontheway your list was interesting and I agree with a lot of it...but this is a bit ridiculous (sorry):
5) Don't waste money on clothing. Buy as little clothing as possible, just enough to get buy and the cheapest items possible. Most people don't care what you are wearing most of the time. If you go shopping for clothes, including shoes, more than once or twice per year, you are wasting money.

Sorry but if you have a job, you will need to spend money on clothes and going for the cheapest possible is not saving as you will need to buy more because frnakly speaking bargain basement clothes do not last.

there is also an issue of what you will look like at work and in general life. Sorry but without spending a fortune you can look good and have quality clothes. Just hunt for sales.

A simple example would be a buying the cheapest winter coat out there...thats a bad investment as it will not keep you warm and it will look like a tent tarp on you.

Still up to you.
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ontheway



Joined: 24 Aug 2005
Location: Somewhere under the rainbow...

PostPosted: Sat Jun 18, 2011 3:28 am    Post subject: Reply with quote

PatrickGHBusan wrote:
Ontheway your list was interesting and I agree with a lot of it...but this is a bit ridiculous (sorry):
5) Don't waste money on clothing. Buy as little clothing as possible, just enough to get buy and the cheapest items possible. Most people don't care what you are wearing most of the time. If you go shopping for clothes, including shoes, more than once or twice per year, you are wasting money.

Sorry but if you have a job, you will need to spend money on clothes and going for the cheapest possible is not saving as you will need to buy more because frnakly speaking bargain basement clothes do not last.

there is also an issue of what you will look like at work and in general life. Sorry but without spending a fortune you can look good and have quality clothes. Just hunt for sales.

A simple example would be a buying the cheapest winter coat out there...thats a bad investment as it will not keep you warm and it will look like a tent tarp on you.

Still up to you.


Actually, you are correct. I was a bit terse.

With clothing, and with most things I believe, you should buy quality items at a reasonable price. Of course you want clothes that will last and wear well. You also need clothing that is suitable for your profession to wear to work.

By buying the cheapest clothes, I meant to avoid high end fashion items that are expensive, tend to go in and out of style quickly, and are purchased as fashion and to impress or for some other reason beyond serving the function of covering your body, protecting you from the elements and satisfying work requirements.

There are many people who are broke all the time, can't make ends meet, with rooms full of clothes. I once bought a home in foreclosure from a couple that couldn't make the payments. They had converted a whole bedroom into a closet. The man had at least 50 expensive suits with shirts and shoes to match. The wife had even more clothes than her husband. The cost of these items, new, exceded the full purchase price of the house.

Most people spend too much on clothes. But, yes, buying poor quaility would be a mistake as well. However, the highest quality clothing does not come with the highest prices.
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Cedar



Joined: 11 Mar 2003
Location: In front of my computer, again.

PostPosted: Sat Jun 18, 2011 6:17 am    Post subject: Reply with quote

Overall, I must agree. Don't scrimp on food. And don't keep yourself from happiness by prioritizing saving over quality of life.

That said, there has been no reason to have the air con on so far this summer-- I mean, I haven't even gone to the freezing cold shower to cool off stage yet, so I can't imagine anyone who likes aircon (I hate it, gives me headaches) wanting to have their A/C on at home.

And boredom is not an excuse to go spend money. You can fix boredom with things like books and long walks and free concerts in the park. Or sitting down to write a real pen on paper letter to your mom/dad/best friend/little brother/husband/wife to tell her she's just the best ever. Or cooking a fantabulous meal with just what you have in the house.
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thevagrant



Joined: 05 Aug 2010
Location: In between a past and future town

PostPosted: Sat Jun 18, 2011 7:42 am    Post subject: Reply with quote

Knowing how to cook (and shopping smart) will save you tons of money if you put in the effort. If I want spaghetti, I make a big batch of it and save a few portions for quick dinners. Rather than buying a 12 oz. jar of spaghetti sauce for 5 bucks, I buy a 24 oz jar of crushed tomato sauce for half that. I season the sauce and add thinly sliced olives and onions to it. Rather than buying parmesean cheese, I buy feta for half the price.

You can score big bags of frozen mandu pretty cheap. Yummy, healthy, and easy to cook. I just let them defrost in the pan, add a little canola oil, and heat them up. Really good with sesame oil soy sauce.

If I do eat out, it's almost always at a Mom and Pop Korean joint. You get more than enough food for a reasonable price.
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PatrickGHBusan



Joined: 24 Jun 2008
Location: Busan (1997-2008) Canada 2008 -

PostPosted: Sun Jun 19, 2011 3:48 am    Post subject: Reply with quote

thevagrant wrote:
Knowing how to cook (and shopping smart) will save you tons of money if you put in the effort. If I want spaghetti, I make a big batch of it and save a few portions for quick dinners. Rather than buying a 12 oz. jar of spaghetti sauce for 5 bucks, I buy a 24 oz jar of crushed tomato sauce for half that. I season the sauce and add thinly sliced olives and onions to it. Rather than buying parmesean cheese, I buy feta for half the price.

You can score big bags of frozen mandu pretty cheap. Yummy, healthy, and easy to cook. I just let them defrost in the pan, add a little canola oil, and heat them up. Really good with sesame oil soy sauce.

If I do eat out, it's almost always at a Mom and Pop Korean joint. You get more than enough food for a reasonable price.


That bolded part is spot on. Also note that those places tend to serve pretty good food as well. Find a few of these places and become a regular there. This will usually mean better food and discounted prices after a few visits.
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