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Your hints at ways to spend less in Korea
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TheUrbanMyth



Joined: 28 Jan 2003
Location: Retired

PostPosted: Sun Sep 25, 2011 6:35 pm    Post subject: Reply with quote

gem wrote:
When you're swiping your Nonghyup card, there are hidden fees involved and because most of us don't and can't read our bank statements, over the year(s), these fees add up. I try my best to completely avoid banking statements or paying any banking fees by spending only cash.



Such as?

If you use your card after hours then yes there is a small transaction fee. Solution : use your card during hours.
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wishfullthinkng



Joined: 05 Mar 2010

PostPosted: Sun Sep 25, 2011 6:50 pm    Post subject: Reply with quote

Draz wrote:
wishfullthinkng wrote:
DaHu wrote:
It's a bit sad that you think everyone would like doing the things you like doing.


did i even mention anything i do in particular? nope, sure didn't.


But you said:

wishfullthinkng wrote:
things that actually involve interacting with the foreign people and place i am in


I do not like doing this. Interacting with people in this country is like dying one tiny piece at a time.


ugh. if you aren't being sarcastic about this then you have probably made a very bad choice in job placement. if you feel that way about all of them then there is a high likelihood that you are approaching your time here in a mis-informed manner which would in turn give them reason to feel the same about you. what's more humiliating, not liking a lot of people based on some insipid generalization or giving a large group of people reason not like you because of poor personality and said insipid generalization?

also, basic everyday interaction with people is not a past-time or activity of mine or anyone else, but a necessity. it's not "something i do in particular".
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Illysook



Joined: 30 Jun 2008

PostPosted: Tue Sep 27, 2011 12:13 am    Post subject: Reply with quote

With 2 months rent and a partial deposit to pay and the costs of a vacant rental property back home, things have been really tight for me this month. I had to cut spending to 10,000 or less per day and that wasn't just a target, I had to stick to it or know that I would run out of money long before I ran out of month.

The key seems to be to have a plan. Know what things cost, what you will need, and how much you will need. Know what you can live without, and what you can't. 70,000 per week does not go far here in Seoul.

Fortunately, the property has been rented and I can start to breathe again. Still, I learned a lot from having to be so disciplined and I've sorta got the coffee monkey off of my back as well.
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nstick13



Joined: 02 Aug 2009

PostPosted: Tue Sep 27, 2011 5:49 pm    Post subject: Reply with quote

The coffee monkey's been a big one for me.

Other big ones have been the dessert monkey. I was an avid ice cream eater, not as much anymore.

Also, cutting out barley pop during the week is better for my sanity and health as well as the wallet.

I've really enjoyed starting to read the "Get Rich Slowly" Personal Finance Blog. Anyone else read any other Personal Finance blogs?
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pegasus64128



Joined: 20 Aug 2011

PostPosted: Tue Sep 27, 2011 9:16 pm    Post subject: Re: Your hints at ways to spend less in Korea Reply with quote

Swampfox10mm wrote:
Seoul is getting freakin' expensive. I thought it would be nice to start a thread where we all share our hints at how to spend less/save money.

Here's one from me:

1. If you must buy coffee from a coffee shop, go someplace cheap. Paying over 5,000 for a coffee is insane. Here are some really cheap places (tastes will vary):

A. Ediya
B. McDonalds or BK
C. In Myongdong, that store which duplicates Frisbee, but sells mostly non-Apple phones (same side of the street, but a few shops before it) has a cheap coffee shop and customer lounge with free computer use on the 2nd floor.


Surge protectors, fan as opposed to AC, hike to a nearby mountain and collect spring water. Drink naturally.

But the best thing you can do IMO, is to develop yourself, especially if it is in a recession proof way - become good at fishing, carpentry etc.
I wish I could follow my own advice.

Don't listen to all the Frat people telling you it's a joke to be frugal. It's important to try. Old habits die hard. If you don't make a stand and change your spending patterns now, you'll just end up being forced to do it later. It's easy for people who seemingly don't need their own money.

Having said all that, the world will end/rebirth in 2012, so don't cease all partying completely.

What's most important: a woman's/man's love, friends, nature, food, fresh drinking water. The rest is pushed on you.
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kraggy



Joined: 06 Mar 2011

PostPosted: Tue Sep 27, 2011 9:35 pm    Post subject: Reply with quote

Does the typical atm/debit card incur a charge when used to buy stuff at Homeplus or at the bar or in a restaurant?
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Draz



Joined: 27 Jun 2007
Location: Land of Morning Clam

PostPosted: Tue Sep 27, 2011 10:14 pm    Post subject: Reply with quote

wishfullthinkng wrote:

ugh. if you aren't being sarcastic about this then you have probably made a very bad choice in job placement. if you feel that way about all of them then there is a high likelihood that you are approaching your time here in a mis-informed manner which would in turn give them reason to feel the same about you. what's more humiliating, not liking a lot of people based on some insipid generalization or giving a large group of people reason not like you because of poor personality and said insipid generalization?

also, basic everyday interaction with people is not a past-time or activity of mine or anyone else, but a necessity. it's not "something i do in particular".


I stick to other foreigners if I want to enjoy myself. I was open-minded when I arrived and interested in getting to know the people here, it took a couple years to figure out that meaningful connections are impossible with the huge majority of Koreans. It's like talking to a brick wall that smiles and nods and then ignores whatever you said. People usually complain about this at work but it doesn't only happen at work, it's just more obviously damaging there.

Just counting down the days until I can leave.
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Weigookin74



Joined: 26 Oct 2009

PostPosted: Tue Sep 27, 2011 10:20 pm    Post subject: Reply with quote

Take care of your health too. Don't be so cheap. But MTB biking is a great way to use up a lot of time and not spend much money. But, you will spend at first to buy a decnet quality bike. But stay for 2 to 4 years and you got your money back for what you spent. El Fama is a Korean brand comparable to Western ones but cheaper here.
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Vianca



Joined: 02 Oct 2011
Location: a Korean woman in Seoul

PostPosted: Tue Oct 04, 2011 9:08 pm    Post subject: Reply with quote

========

Last edited by Vianca on Tue Aug 18, 2015 1:16 pm; edited 1 time in total
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Vianca



Joined: 02 Oct 2011
Location: a Korean woman in Seoul

PostPosted: Tue Oct 04, 2011 9:22 pm    Post subject: Reply with quote

======

Last edited by Vianca on Tue Aug 18, 2015 1:16 pm; edited 1 time in total
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philipswoodjnr



Joined: 03 Oct 2011

PostPosted: Wed Oct 05, 2011 6:22 pm    Post subject: Reply with quote

Eat korean food/drink over western food/drink. Save a fortune.
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