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Paying Expenses
« on: October 19, 2020, 01:18:23 pm »
Hello all. I have a question. I hear so many things about being able to save a good amount of money while teaching ESL in South Korea. Is that really possible? I like to go out but not much, like an introvert. Iím good at budgeting as well. Do your household bills get out of hand? I know the school pays the rent. Thanks for suggestions/opinions.


  • stoat
  • Hero of Waygookistan

    • 1774

    • March 05, 2019, 06:36:13 pm
    • seoul
Re: Paying Expenses
« Reply #1 on: October 19, 2020, 01:30:03 pm »
Things that cost a lot are going out to Western style restaurants, drinking non-Korea alcohol, travelling abroad (obviously) and buying non Korea food in restaurants. E.g. i bought a cauliflower last weekend that cost  over 6,000 won. I could have bough one of those Chinese radish things for 900.


  • CO2
  • Waygook Lord

    • 6336

    • March 02, 2015, 03:41:14 pm
    • Uiwang
Re: Paying Expenses
« Reply #2 on: October 19, 2020, 01:35:15 pm »
Things that cost a lot are going out to Western style restaurants, drinking non-Korea alcohol, travelling abroad (obviously) and buying non Korea food in restaurants.
Dimensia hit stoat at a young age.

jk, love you.
The first thing to say is that this is definitely not pyramid selling, OK?


  • oglop
  • The Legend

    • 4417

    • August 25, 2011, 07:24:54 pm
    • Seoul
Re: Paying Expenses
« Reply #3 on: October 19, 2020, 01:38:09 pm »
Things that cost a lot are going out to Western style restaurants, drinking non-Korea alcohol, travelling abroad (obviously) and buying non Korea food in restaurants. E.g. i bought a cauliflower last weekend that cost  over 6,000 won. I could have bough one of those Chinese radish things for 900.
those radishes are one of the worst foods ever. absolutely hate it that stuff


  • stoat
  • Hero of Waygookistan

    • 1774

    • March 05, 2019, 06:36:13 pm
    • seoul
Re: Paying Expenses
« Reply #4 on: October 19, 2020, 01:40:00 pm »
Dimensia hit stoat at a young age.

jk, love you.

'Dimensia'? You forget how to spell it?


  • CO2
  • Waygook Lord

    • 6336

    • March 02, 2015, 03:41:14 pm
    • Uiwang
Re: Paying Expenses
« Reply #5 on: October 19, 2020, 01:40:53 pm »
'Dimensia'? You forget how to spell it?
Nah, I'm trying to find the picture now. Some Trump PAC bought a billboard and accused Biden of having "dimensia."

hhahahaha

Got it.

« Last Edit: October 19, 2020, 01:42:47 pm by CO2 »
The first thing to say is that this is definitely not pyramid selling, OK?


  • VanIslander
  • Moderator LVL 1

    • 2110

    • June 02, 2011, 10:12:19 am
    • Seogwipo, Jeju Island
    more
Re: Paying Expenses
« Reply #6 on: October 19, 2020, 02:25:48 pm »
That is irony.


  • Mr C
  • The Legend

    • 2298

    • October 17, 2012, 03:00:40 pm
    • Seoul
Re: Paying Expenses
« Reply #7 on: October 19, 2020, 02:40:54 pm »
That is irony.

I'm sure a certain someone will be along to explain it's a code, we don't get it because we're not supposed to and this backwards Trump PAC is playing 3-D chess while we barely understand checkers.

Meanwhile, to the OP

Without even working at it, you can probably save $500 a month, but if you are a careful shopper, don't eat out much, etc, you can save more.  Actually, I find the most annoying expense to be taxis.  Just choose spots close to the subway and/or discipline yourself to catch the last train ...
« Last Edit: October 19, 2020, 03:07:37 pm by Mr C »
Mr. C is not a bad person, in fact is quite a good person here. One of the best people on this forum if you really look at it
-Mr.DeMartino


  • Kayos
  • Hero of Waygookistan

    • 1902

    • March 31, 2016, 07:13:57 pm
    • NZ
Re: Paying Expenses
« Reply #8 on: October 19, 2020, 03:14:05 pm »
I buy fresh meat, vegetables, and fruit - among other things every week, eat out at a western style restaurant once a week, pay all my bills and I think on average it only comes to about 800k won per month. As I'm on 3mil per month, before taxes, I find it pretty easy to save a decent amount each month here. May have been slightly higher the last couple of months, cause I'm been treating myself a bit more though.
Also, I'm a kiwi and the NZD and KRW exchange rate is pretty decent. Gotten slightly worse because of covid, but still pretty good for the most part.


  • Kyndo
  • Moderator LVL 1

    • 1550

    • March 03, 2011, 09:45:24 am
    • Gyeongsangbuk-do
Re: Paying Expenses
« Reply #9 on: October 20, 2020, 08:50:34 am »
- Don't live in Seoul. Seoul sucks. People who choose to live in Seoul suck. (Fight me! :D )
- Buy a car (beats paying 50,000 won a week taking taxis to super rural schools with no nearby bus routes).
- Jeonse / buy your apartment (it will save you *tonnes* of money so long as you're planning on staying long term).
- Get married / move in with your SO / find a room mate / live in somebody else's home a la Parasite. Economies of scale make things so much cheaper.
- Avoid having children!


- Use a card for everything. At the end of the year, everything you buy on a card is tax deductible, and save you a few man won.
- Buy produce at farmer markets instead of supermarkets. Much cheaper (although you'll need to watch out for less than perfect produce!).
- Cancel your TV subscription. Most foreigners aren't aware that it's bundled in with your internet / maintenance fees. Phoning in can save
     you 2,500 won a month. Not much, but a single phone-call can save you 30,000 a year which isn't terrible.
- Buy Korean food / eat at Korean restaurants. Usually much cheaper than foreign foods! Make hitting up Vatos or whatever a special treat.
- Be patient and wait for exchange rates to work in your favour before sending money home! Send large amounts at a time rather than bit by bit
     in order to save on transaction fees. KEB has the best rates (I think? Can anybody confirm?)
« Last Edit: October 20, 2020, 08:55:20 am by Kyndo »


  • 745sticky
  • Expert Waygook

    • 979

    • March 26, 2020, 01:52:57 pm
    • Korea
Re: Paying Expenses
« Reply #10 on: October 20, 2020, 09:30:16 am »
- Be patient and wait for exchange rates to work in your favour before sending money home! Send large amounts at a time rather than bit by bit
     in order to save on transaction fees. KEB has the best rates (I think? Can anybody confirm?)

If you have two citibank accounts (one KR one home country) you can transfer between them free of charge.


  • oglop
  • The Legend

    • 4417

    • August 25, 2011, 07:24:54 pm
    • Seoul
Re: Paying Expenses
« Reply #11 on: October 20, 2020, 10:51:55 am »
using sentbe is cheaper than banks fyi