Savings Potential in Shenzhen
Posted: Mon Sep 30, 2019 1:58 pm
I recently received a verbal job offer in Shenzhen and wanted to check with the community to see what my savings potential could be. I’m esstimating my after tax income including bonuses would be around $70,000. The offer includes standard benefits like housing (studio is free but I might upgrade to a 2-bedroom for ~$200 extra per month), flights, health insurance, etc. This is a solid offer for an experienced (10 years) AP teacher, yes? Not WAB good maybe, but looking over the Search database I’m not seeing very many schools where I could do better.
My primary goal right now is to save. The school is for profit, but I can tolerate that if the saving are solid. I am single and plan on eating out for dinner often (the school provides breakfast & lunch on school days) at moderately priced local places but will splurge on expat focused places maybe once or twice a week. I would also probably do 2-3 international trips per year in the region with modest, but not super frugal, budgets (think inexpensive hotels but not hostels) plus I would do the occasional trip to HK. I also would not be getting a car in Shenzhen and would bike/walk/use public transport mostly with the occasional taxi when the other modes are inconvenient. I would get a maid to clean weekly as well too.
Given all that do you think savings of $35-40k are feasible? Thanks for any advice!
My primary goal right now is to save. The school is for profit, but I can tolerate that if the saving are solid. I am single and plan on eating out for dinner often (the school provides breakfast & lunch on school days) at moderately priced local places but will splurge on expat focused places maybe once or twice a week. I would also probably do 2-3 international trips per year in the region with modest, but not super frugal, budgets (think inexpensive hotels but not hostels) plus I would do the occasional trip to HK. I also would not be getting a car in Shenzhen and would bike/walk/use public transport mostly with the occasional taxi when the other modes are inconvenient. I would get a maid to clean weekly as well too.
Given all that do you think savings of $35-40k are feasible? Thanks for any advice!