 Will I
be able to Save
Money in China?
Will I
be able to pay off student loans?
The ability to
save money and pay off debts is one of the reasons that
sends newbie English
teachers abroad. You will meet lots of
just-out-of-university English teachers hoping to travel
the world a bit - all working to pay down their
student loans.
Many people find
it difficult to save much money in China without pinching
their pennies. But it is possible, depending
on your salary.
This statement is in comparison to countries like Korea
or regions like the Middle East where it is often easy
to save US$1000 or even much more per month.
Your
lifestyle, of course, will affect your personal bottom
line. If the local bartender knows you by name and
you have a frequent visitor pass at the best nightclubs
. . . well, you may not save much.
If you have student
loans or other debts, China may not be one of your best
options though its low set-up costs might help you save
small amounts from almost the first month. That's
primarily due to free housing, very low taxes, paid
airfare and the generally low cost of living.
Overall, an excellent lifestyle combined with an ability
to save - a bit - is available to you.
If you
have BIG debts and loans to pay off, China may not be
your best option. If you need to save just a bit,
you'll probably do fine.
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"Twenty
years from now you will be more disappointed
by the things that you didn't do than by the
ones you did do. So throw off the bowlines.
Sail away from the safe harbor. Catch the
trade winds in your sails. Explore. Dream.
Discover." -- Mark Twain |
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