5 Tips to Save Money while Teaching in Korea
As an ESL teacher in Korea, foreigners are able to live a great life, take part in many new experiences, and even save a good chunk of money. If you’re thinking about teaching abroad in Korea, you may be looking for ways to stretch your money further. Luckily, it’s easier than you might think to save big. Take a look below for some helpful tips to save money while teaching in Korea.
Get a Hobby
One great way to save money while teaching in Korea is to get a hobby. There are many fun activities and hobbies that can be enjoyed while in Korea. This includes hiking, taking free language classes, playing an instrument, or joining a sports league or gym. While you may have to spend a bit of money, depending on the hobby, you will find that you’re able to spend less over time. Your hobby will take up a large chunk of time, making it less likely that you’ll waste your money on unnecessary purchases. Taking part in a hobby that you enjoy can also keep you busy and allow you to feel happier. Probably the easiest way to join a club is to use Meetup. Meetup is thriving in Korea, especially in Seoul and the surrounding area.
One of the great things about living in Korea is the opportunity to be so close to many other Asian countries. Many ESL teachers choose to travel abroad during their vacation periods. Take advantage of this opportunity, but make sure that you consider making a budget. There are many ways to budget travel–such as using a budget airline, staying in hostels or couch-surfing, or setting a daily spending limit. Travel doesn’t have to be expensive! If you’re really low on funds and don’t want to dip into your saving account, take the time to explore the rest of Korea. The country has so much to offer and transportation by bus and train can be very affordable (especially when compared to an airplane ticket!).
Plan Your Meals
Another way to save is by planning out your meals. Instead of waiting last minute and ordering takeout every night, why not plan for the week? Sometimes, cooking at home may be a more affordable option, as long as you shop smartly for ingredients. Going to a restaurant can also be economical. Eating Western food can quickly add up, but if you explore your local neighborhood, you will learn the best places to eat delicious Korean food for a great price.
Send Money Home Regularly
It can be too easy to spend more than you want, if you have a large sum of money sitting in your bank account. It’s a good idea to get into the habit of sending your money home (or to a Korean savings account) on a regular basis. As soon as you get paid, send your money away so that you’re not tempted to spend it. You will start to build up a nice savings pile over time.
You may not want to completely cut out drinking while in Korea. The good news is there are ways to save on this social activity! Avoid going to expensive foreigner bars the next time you go out on the town. Instead, consider gathering at a local convenience store. You may also want to host weekly gatherings at your apartment – so you and your friends can socialize without having to break the bank. If you’re a big drinker, trimming down your drinking nights can allow you to seriously save money while teaching in Korea!
Save Money While Teaching in Korea
It’s possible to save a good amount of money when living and teaching in South Korea. Take the above tips into consideration so that you can pay off debts and save for future adventures.
Natasha is a travel blogger, ESL teacher, adventurer, and sometimes runner—currently living abroad in South Korea. She blogs about living and teaching in South Korea as well as her travel adventures. Find out more about her and her travels at www.livelearnventure.com