Friday 17 May 2013

Saving

Calculated on current exchange rates which are in my favour at the moment.

In Saudi Arabia I am earning $2700 or 10,500 Riyals (R26,300). Though I hope to get $3000 (R28,100) per month after my 3 month probation period. 

Of this my expenses are almost completely on food and toiletries. I don't have travel expenses as the school provides my transport, no tax, no electric or other utility bills, and no entertainment budget. The odd thing crops up now and then, like an iron, paints for my hobby, a dinner out. But usually I spend around 2000 - 2500 riyals per month and send home the rest without really trying very hard to save. 

That's savings in the range of about R20 000 per month.

In Korea I earned 2.4 million Korean Won or about $2100 (R20 000). 

My expenses included tax, utilities, travel, and entertainment, food, and toiletries. Which cost in the range of 800 000  - 1mil KRW per month. Please note that I was not saving very hard at this point and I'm sure you could get away with 600 000 - 800 000 spending money a month. 

That's savings in the range of about R10 000 per month (the exchange rate was lower during my time in Korea)

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