A Right, Not a Privilege

Screen Shot 2013-12-02 at 17.11.24I’m published today on The Outlier Collective! Check out the sample of the article here, then click over for a full version. 

I’m walking to the pharmacy, fingering my wallet in the pocket of my school bag. It’s bright and cold out in London’s November air, and the people who live in the neighbourhood near my classes are bustling around. I’m worrying about money. Is the £50 I took out the other afternoon enough? Today I have to get my birth control. It runs out on Sunday.

If you’ve never lived in the US health system, much less been subject to the many sticker shocks built into it, you might wonder why I bother worrying whether I have enough money. I grew up in that system where those who can afford medicine get it and many simply go without. Where health is contingent on gainful employment and the benevolence of one’s employer. Where the average cost of an uncomplicated childbirth is $30,000, and even with insurance most new mothers pay at least $3,000 out of pocket.  Where I’ve never gotten birth control for less than $30 per month….

Click through for the full article!

On Saving Lots of Money in Korea

I miss my old Korean neighborhood, the Gok.

I miss my old Korean neighborhood, the Gok.

About one year ago, I wrote a post titled “On Not Saving Any Money in Korea.” I encourage you to check it out for a reality check if you are currently considering moving abroad to do TEFL, currently living in South Korea as an English teacher, or interested in my bank account. Sorry, phishers. There’s only a screenshot without any info.

The post is almost wholly negative. I griped about the cost of living in South Korea. I griped about the possible inflation of saving possibilities by TEFL recruiters. I griped about how expensive the visa process was. I griped about my projection that I would only save about $2400 total during my year in Korea.

And guess what? I was wrong. Wrong. Wrong wrong wrong.

I miss my old apartment, too!

I miss my old apartment, too!

I blame my apparent lack of maths skills for the miscalculations, but there are other factors at work. As it happens, that post is one of the most-read ones on this blog. It consistently shows up in the top ten posts on the left there, and it seems that quite a few people are interested in the topic. In the interest of not being one of the many (MANY) out of date TEFL in Korea blogs out there silently sabotaging potential teachers’ dreams with incorrect and scary-sounding information, I want to correct that post with this one.

Some of what I wrote last July is true. Exchange rates are generally shitty, no matter which end I find myself on (I’m finding this to be especially true as I prepare to move to the UK for graduate school, and my tuition keeps fluctuating literally thousands of dollars based on the ups and downs of the market.). The global economy is still getting dragged through the mud somewhat, don’t let the talking heads deceive you. I still have semi-expensive tastes in food and clothing. And above all, saving money is hard work, no matter where one happens to find themselves. But the crux of the article, that it is difficult/impossible to save money in Korea while teaching is flat false.

At the end of my time in Korea, I had a little over $11,500 in the bank.

Yeah, that’s a shitload of money. My calculations were off by almost 500%, if I did my maths correctly this time. I was able to put away almost $7,000 in the months after I told the internet I wasn’t saving any money in Korea. Almost exactly the $1000 a month promised by my recruiter before I came over. Whoops. Perceptions can be wrong!

I miss those kiddos most of all!

I miss those kiddos most of all!

After I completed my contract, I received even more cash injections into my bank account. I got $4,000 in severance and my final paycheck (I left just after we’d all been working our asses off in the Winter Intensive schedule and got a little overtime). Last, but certainly not least, I got my pension money back at the end on March. Already in India for over a month, I suddenly saw $1,800 show up in my bank account.

Furthermore, I paid almost no taxes this year. Because I earned almost all my income in Korea for 2012 and the US has awesome tax treaties with the ROK, I was exempt from paying federal and state taxes. I paid taxes in Korea (around 3% of my income…that is ridiculously low), but I got to write off everything else as non-taxable income. US citizens who teach in Korea for two years or less are able to take advantage of this kickback. It’s a pretty huge one.

And now, it looks like at the end of the summer I will have almost exactly that $8,000 I wanted in the bank from the original post. Even with traveling in India for 2 months. Even with a month in England. Even though I’m only working part-time this summer.

Shit! My financial situation turned out way better than predicted!

I may need to keep this in mind as I as I lay awake at night regularly worrying about graduate school finances and apply for an exorbitant amount of loan money. Hmm.

Despite the awesomeness of my finances post-Korea, a few words of caution. The over-arching theme of that July 2012 post remains important; don’t make the experience of living in Korea suffer for the hypothetical payoff of traveling or graduate school after the contract ends.The Incredibull India experience certainly brought that home.

Far too many teachers I met in Korea spent a lot of time indoors playing MMORPGs and eating instant noodles as their only sustenance. Surprisingly many of these folks eventually ended up staying on for multiple years after the initial drive to travel turned into a desire to plant roots, meaning that the fabled travel for which they were sacrificing just never happened. Then again, everyone has their own financial preferences and circumstances. I know of several teachers in Korea who had moved abroad in large part to afford health insurance, or to pay off student loans. It would be harder to save as much as I did if those were concerns.

Circumstances also change. Last July, I thought I’d be living in the States again for graduate school. After the application process went slightly differently than planned, I’m moving abroad again (and getting a visa AGAIN). I’m also in a long-term committed relationship, which was in its infancy last summer. We can share resources and effort, and I’m not in this alone. My finances have to adjust to the new realities that come up. DSCN1994

Bottom line: It is definitely possible to save a lot of money teaching in Korea. Don’t let my old, mathematically-inaccurate, and pessimistic article discourage you.

As a final note: I am always thrilled to talk to those who want to get a TEFL career started, who want to travel more, or who want to study abroad. It’s part of my job, but it’s also my passion. Contact me today with your questions. I promise to get back to you quickly.