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101 Frugal Living in Korea Tips
Enjoyed most of all your suggestions. Except the one about paying for the trash bags. Keep the planet clean:)
Yes, I’m actually all about saving the environment! That one about the trash bags was sarcastic 🙂
try to take a look this website. They have COSTCO products/Local Food Delivery/Tax and Legal Issue Consulting and so on
I had a co-worker who openly filled her 2l and 5l bottles at school. She paid off her student loans her first year in Korea. There aren’t many perks at hagwons, so don’t be shy about taking advantage– your boss probably isn’t shy about taking advantage of you!
Speaking of taking advantage, when I first arrived in Korea, it was summer, and teacher apartments didn’t have AC back then, so I kept my trash outside to keep the house from stinking. That only lasted a week or two, because I had ajummas fill my trash bags with their garbage under cover of night. And I mean, it would be busting full every morning, no matter how little trash I had put in it. So, I say to anyone thinking of doing that, pay it forward! LOL
Regarding Homeplus or Emart or Lotte Mart being cheaper, I would say it depends on what you buy and when you buy it. I do most of my shopping at Lotte Mart and find that their prices are generally comparable to Emart. Some things are more expensive, and some things are cheaper. But overall I think my spendings are about the same no matter where I shop.
Given the high price of quality imported beer and the recent FTA significantly lowering the price of certain ingredients neccesary to homebrew, I’d say there is no better place on earth than Korea to pick up the craft. For about $100 and some relatively basic techniques, you can produce 5 gallons / 20 liters of 3-4% beer for about 15,000w.
#78 and #98 for sure. A true friend will not expect you to break the bank.
Totally agree with you. I’ve found that some of the best friends I have here are cool with just hanging out at one of our houses watching a movie or playing some board games. We get a few snacks and beers from the local grocery store and always have a good time. Or, friends that I can exercise with. We go biking or hiking and sometimes get some $5 cold noodles or kimchi chigae after. It’s perfect!
Found this from the “You came to Korea for the money” post http://teachinginkoreanuniversity.com/you-came-to-korea-for-the-money-right/
What people usually forget to list as a budgeting aid is
“Pay Yourself First.”
It’s sortof the old Christmas Club routine the banks did back in the 1970s. Decide how much you want to save each paycheck. Take that right off the top on payday, deposit it in a different bank account. (Ideally one that pays a little interest.) You can only take money out with some thought, and self-flagellation. Even better if it is a different bank (less convenient) and you don’t carry the ATM card around with you.
In the west we can generally get our employer to do this for us (if not a small business), but in Korea it’s not so common. You can have the bank to automated electronic funds transfers if you choose to not walk the cash from Bank A to Bank B yourself.
I totally agree with you. It’s an excellent strategy, particularly for those who are trying to pay off something like a student loan. Send a million Won (or even more) on payday and then live off the rest. Same principle applies for savings.
This was a thoroughly helpful post Jackie! Thanks so much! There are so many more ways to save money than I was aware of! I’m definately going to try a few of these.
Awesome! Save those Wons 🙂
#9: No matter how hard one lives healthy, some times you get sick.
#18: I have had two root canals in Korea. The cost of the root canals in Korea is nothing compared to the U.S.! What makes root canal expensive in Korea are the gold crowns. If the amount is over W50,000 and you have certain Korean credit cards, you can spread out the payments (equal amounts) over two to five months and NOT be charged interest.
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