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kentucker4
Joined: 03 Sep 2007
Location: Georgia
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 Posted: Wed Sep 05, 2007 5:05 pm Post subject: How much money is it possible to save |
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| For a year while teaching English in South Korea and still going out 2-3 times a week? |
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mrsquirrel
Joined: 13 Dec 2006
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| Posted: Wed Sep 05, 2007 5:06 pm Post subject: |
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| $30,000 easily |
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VanIslander
Joined: 18 Aug 2003
Location: Geoje, Hadong, Tongyeong,... now in a small coastal island town outside Gyeongsangnamdo!
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| Posted: Wed Sep 05, 2007 5:15 pm Post subject: |
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my first year here, on a basic beginner low salary of 2.0 million a month, i found it impossible NOT to save over a thousand u.s. dollars per month despite dinner and drinks out four to five times a week and occasional travel with motel rooms.... that's 12 thou at year's end with 4 mill final pay and bonus, 16 mill without in the slightest trying at all to save anything
so, $15,000 to $20,000 u.s. is easy as can be for a newbie
more for those of us who make more |
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lowpo
Joined: 01 Mar 2007
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| Posted: Wed Sep 05, 2007 5:16 pm Post subject: |
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| mrsquirrel wrote: |
| $30,000 easily |
I can see every teacher in KOrea saving $30,000 a year. The average would be more like $10,000 to 25,000 a year. It also depends on how much you make and spend each month. |
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Miles Rationis
Joined: 08 May 2007
Location: Just Say No To Korea!
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| Posted: Wed Sep 05, 2007 5:17 pm Post subject: |
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| mrsquirrel wrote: |
| $30,000 easily |
Bullshit! In a Hagwon?! |
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ajgeddes
Joined: 28 Apr 2004
Location: Yongsan
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| Posted: Wed Sep 05, 2007 5:19 pm Post subject: |
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| Miles Rationis wrote: |
| mrsquirrel wrote: |
| $30,000 easily |
*beep*! In a Hagwon?! |
I think he is joking. Most people don't even make $30,000 a year. |
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kentucker4
Joined: 03 Sep 2007
Location: Georgia
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| Posted: Wed Sep 05, 2007 5:22 pm Post subject: |
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| VanIslander wrote: |
my first year here, on a basic beginner low salary of 2.0 million a month, i found it impossible NOT to save over a thousand u.s. dollars per month despite dinner and drinks out four to five times a week and occasional travel with motel rooms.... that's 12 thou at year's end with 4 mill final pay and bonus, 16 mill without in the slightest trying at all to save anything
so, $15,000 to $20,000 u.s. is easy as can be for a newbie
more for those of us who make more |
Isn't it still expensive ordering drinks at bars??? |
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Miles Rationis
Joined: 08 May 2007
Location: Just Say No To Korea!
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| Posted: Wed Sep 05, 2007 5:26 pm Post subject: |
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| kentucker4 wrote: |
| VanIslander wrote: |
my first year here, on a basic beginner low salary of 2.0 million a month, i found it impossible NOT to save over a thousand u.s. dollars per month despite dinner and drinks out four to five times a week and occasional travel with motel rooms.... that's 12 thou at year's end with 4 mill final pay and bonus, 16 mill without in the slightest trying at all to save anything
so, $15,000 to $20,000 u.s. is easy as can be for a newbie
more for those of us who make more |
Isn't it still expensive ordering drinks at bars??? |
Not if Jesus is on your side.... |
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GoldMember
Joined: 24 Oct 2006
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| Posted: Wed Sep 05, 2007 7:31 pm Post subject: |
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We are not supposed to save any money here in Korea.
Taking money out of Korea, how sacrosanct.
Stop saving money.
You should be spending your money on Samsung products.
You are priveliged to be enjoying a wonderful cultural experience.
Now be a good English teacher, save nothing, spend spend spend. |
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RACETRAITOR
Joined: 24 Oct 2005
Location: Seoul, South Korea
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| Posted: Wed Sep 05, 2007 7:35 pm Post subject: |
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| Just don't blow it on chicks. |
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Smee
Joined: 24 Dec 2004
Location: Jeollanam-do
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| Posted: Wed Sep 05, 2007 7:38 pm Post subject: |
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Didn't we already determine this guy's a sock?
After "are K-girls easy?" and "How much money can I save?" the next question will be "Anybody hear of CDI?" |
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SPINOZA
Joined: 10 Jun 2005
Location: $eoul
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| Posted: Wed Sep 05, 2007 7:47 pm Post subject: Re: How much money is it possible to save |
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| kentucker4 wrote: |
| For a year while teaching English in South Korea and still going out 2-3 times a week? |
2-3 times a week is too vague. 2-3 times per week involving Korean food and bars (hoffs) is inexpensive. Going out in Itaewon or Shinchon 2-3 per week is expensive, especially if you're not the kind of person who can go all evening on just 4 beers. For me, 2-3 times per week in Hongdae/Shinchon/Itaewon would mean I saved a helluva lot less because I'm the kind of person who orders $10 drinks (several). For me, 2-3 times per week in these areas of Seoul would cost 2-300,000, so tend to view trips there as a treat and would advise the same to anyone with ambitions of saving. |
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oxfordstu
Joined: 28 Aug 2004
Location: Bangkok
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| Posted: Wed Sep 05, 2007 7:51 pm Post subject: |
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| I saved $14,000 my first year here working at a hagwon, making 2.1 mil a month. I went out maybe once a week, and went to Thailand twice. It's really not that hard. If I lived in Seoul I can see saving less. |
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itaewonguy
Joined: 25 Mar 2003
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| Posted: Wed Sep 05, 2007 8:59 pm Post subject: |
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| 12million a year!! half your pay check a month!! |
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dogshed
Joined: 28 Apr 2006
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| Posted: Thu Sep 06, 2007 4:31 am Post subject: |
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I went skiing, took a trip to china, and bought a motor scooter. That knocked off some money.
I think I've sent home about $8000, but there is only $4000 left in my account in the US. I'm not exactly sure where it went. |
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