How To Save Money If You’re Teaching In Korea?

This 8 minute video discusses the strategies and tactics you need to use if you want to save a big chunk of cash while teaching in Korea through the EPIK program.

By watching your expenses you can pay down student debts, travel around Southeast Asia and sock some cash away for a rainy day.

There are upfront and back end payouts you’ll receive as an English teacher in Korea through EPIK and this video explains them.

Remember, that a year goes by quickly while teaching in Korea. And, you want to be ahead financially after 12 months later.

Here’s a glance of what you’ll learn in in this video:

  • What kind of reimbursements will you get through the EPIK program
  • How much money you get for your settlement allowance
  • What kind of apartment to expect in the EPIK program
  • What’s your monthly pay with the EPIK program
  • What expenses will you incur while living in Korea for food, bills, Internet, utilities, shopping, etc
  • What your priority expenses are living in South Korea
  • How much you can expect to pay for transportation fees per month in Korea
  • How to use a transportation card and what’s great about them
  • What kind of traveling you can do in Korea that’s affordable
  • Learn about a money tracking mobile application you can use to track your budget
  • What are the back end lump sum payments will you get in Korea when you’re done your contract
  • The dollar breakdown on your final pay-check, security deposit, exit allowance and pension refund.
  • Who qualifies for the pension refund and who doesn’t
  • How much money can you expect to leave Korea with once you’ve finished 12 months of teaching
  • How you can still save a lot of money in Korea while at the same time paying down your student loan
  • Why you should come to Korea and a summary of the benefits

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