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And the possibility of saving is.....?

Discussion in 'Teaching overseas' started by percy topliss, Nov 5, 2017.

  1. percy topliss

    percy topliss Occasional commenter

    Just wondering. Myself and Mrs T manage to tuck between 2 and 3 thousand pounds a month away, just for that rainy day.However, I just read a thread about Venice where the money seems a tad paltry. How much do people actually save where you are? I have never counted Europe as an actual overseas job but I am willing to learn.

    Tell me.

    Perce
     
    T0nyGT likes this.
  2. T0nyGT

    T0nyGT Established commenter

    I'm in Europe as you know. At the moment we don't save anything apart from enough for any emergency issues that might arrive. We live a decent lifestyle - nothing we really want that we can't have. We are buying our house though instead of renting which means once the mortgage is done we won't have that over our heads. I have a pension also which I guess is something. At the moment I'm the only one working with a family of 4 but once the kids start school and my wife works we'll have more to save. I'm not entirely sure what I'd save for though. I'm more of a 'spend it if I have it' sort of guy which is why we have a nice apartment, decent car, good food and empty bank
     
  3. dumbbells66

    dumbbells66 Established commenter

    Always managed to save a minimum of £1000 a month wherever i have worked, except Spain. I would or should have saved more, but i have lived a VERY nice life with some amazing holidays and experiences. Now im saving north of £50 000 a year, plus still living an amazing life, but day to day life here can be a bit boring.....but then im here to work, not to party.
     
  4. T0nyGT

    T0nyGT Established commenter

    We always said that the moment finances got too tight, we would move where the money was, but until then we'd be crazy to leave here. It took me 4 years to learn supermarket-level Greek. I can't just throw that away.
     
    percy topliss likes this.
  5. 576

    576 Occasional commenter

    My disposable income per month is approx £1500 (pretty much all of my take home as accommodation and meals are taxable benefits and electric bills here are about £10 per month). But I don't 'save' all of that as I have holidays to pay for! I have a work place pension scheme which I know isn't the case for many who are earning big money.
     
  6. T0nyGT

    T0nyGT Established commenter

    Where are you working?
     
  7. sicalifornia

    sicalifornia New commenter

    Mrs California and I manage to save around 3000-4000 gbp a month.depending on what else is going on that month - if we save the higher end of that then we are getting a little tight towards the end of the month.
     
  8. sicalifornia

    sicalifornia New commenter

    Yes! As my dad used to say, "you can't take it with you; enjoy it whilst you can!"
     
    percy topliss likes this.
  9. 576

    576 Occasional commenter

    sub-saharan Africa.
     
  10. steluta

    steluta New commenter

    At least 4 k, teaching couple, kids, in Europe. Living well and travelling most holidays. Decent pension as well.
     
  11. tigi

    tigi Occasional commenter

    Not much but I'm in Europe with dependants. Hoping to change that in the future, just want to get a bit more experience first.
     
  12. percy topliss

    percy topliss Occasional commenter

    Thanks for the replies, it is interesting to see how others do. I must say that Mrs T and I didn't really start saving until we had been away for about 10 years. Before that it was partying and holidays galore. Then along came the kids and with them a sense of responsibility! I know that Mrs May doesn't seem to able to have her cake and eat it but I do get the sneaking suspicion that many of us make a jolly good attempt!

    Cheers,

    Perce
     
  13. gulfgolf

    gulfgolf Established commenter

    About 55,000 to 70,000 GBP per annum. Proper savings - tucked away, never to be used until retirement or dire unforeseen events. Travel and lifestyle come out of a different pot.
    And that's part of my interest - are the figures above temporary savings (until the next holiday, etc), or permanent (until retirement)?
     
  14. dumbbells66

    dumbbells66 Established commenter

    for me its savings not to be touched. i have another pot of money for holidays and living etc, like you.
     
    ejclibrarian likes this.
  15. SPC2

    SPC2 Occasional commenter

    Two large a month, retirement provision. That comes first, lifestyle second. Not bad given I'm in the country The Economist has just nominated the most expensive in the world for expats (again), but I'm still a bit jealous of you high-rollers!
     
  16. percy topliss

    percy topliss Occasional commenter

    We have a couple of houses in the UK which are let out and we see as long term investments. We then put money away every month for our kids needs in the future and pay into pensions. Our holidays all come out of our wages after savings have gone.

    Perce
     
    ejclibrarian likes this.
  17. dumbbells66

    dumbbells66 Established commenter

    when i look back on what i earned in the UK, i was barely making it through the month, and scrapping by, let alone "living". my life is so much better now, and i cant ever see me going back. im sorry, but no "pension" could ever make up for the difference, i would take my life now a million times over ever working in the UK again.
     
    percy topliss likes this.
  18. okmohito

    okmohito New commenter

    Are you a head teacher of a massive IB school or something? Which country are you in to save that massive massive amount of money?
     
  19. simon43

    simon43 New commenter

    I save $2,000 USD each month on my single teacher's salary.

    I'm in Naypyidaw, Myanmar - nothing to spend money on here anyway, except booze and I don't drink...
     
  20. tiler

    tiler New commenter

    I save around 1800GBP/month on a single salary with a family.

    My 20's were spent single and living it up in a big asian city. Unsurprisingly I didn't save a penny.

    I only got serious about saving at age 31. This has been combined with a deep dive into investment research. Now on target to be FIRE (financially independent, retire early) by 46. It's unlikely I will actually retire from working altogether, but looking forward to the freedom that will bring.
     
    percy topliss likes this.

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