How To Save 5000 In A Year latest 2023

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How Much Money Can You Make Teaching English in Korea?

Do you have a real desire to travel? Do you have a desire to see the world? Have you thought about living abroad for a while so you can really immerse yourself in another culture?

Have you considered the idea of ​​teaching English in Korea?

Did you know that Korea, besides being an amazing and underrated country on its own, is actually one of the highest paid countries to teach English?

I’ve been teaching English in Korea for over a year now, and the basic starting salary for a beginning teacher is currently 2.2 million won per month, or about $2100 or £1300.

Now, that doesn’t sound like a lot of money, but what you also need to consider is that when you teach in Korea, you will have a FREE furnished apartment right next to your school.

When you take into account the portion of your income that is usually allocated to your rent or mortgage in your home country, you can see that you can actually save a lot of money by teaching English in Korea!

Seoul’s public transportation system is one of the highest rated in the world, and living here, you’ll understand why. A two-hour subway ride will cost you just over a dollar! So there’s really no need to own and pay for a car here, which is usually another huge expense. Just think about how much you automatically save by not paying rent and car payments!

BUT, on top of that, the cost of living here is so much cheaper! For example, I live in Seoul (one of the biggest cities in the world) and I eat out every night of the week, and I pay around $3 for a delicious and filling Korean meal every time. Drinks are cheap, entertainment is cheap, shopping is relatively cheap too – as long as you don’t waste you can live a very high standard of living while saving a lot of money as an English teacher in Korea.

All in all, I saved over $8,000 (£5,000) in my first year of teaching in Korea without even trying, and this year I’m making 2.4 million won and hopefully saving around $11,000 (£7,000).

Not only will you have an amazing year, you will discover new things, you will do fun and rewarding work, but it will also make a lot of financial sense!

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