How to Manage Your Money While Teaching Abroad

Running out of money before pay-day... we've all been there! Here's how to make sure it doesn't happen while you're teaching abroad!

Find out what the locals pay for things Chances are you are getting paid the same as the locals – so you don’t want to pay tourist rates – so go to the places where the locals go for cheap meals, shopping etc.
Budget If you really want to go on that holiday then you may have to make some sacrifices. Set yourself a strict budget and then at least if you don’t make it, you will have something left over at the end of the month.
Have a ‘penny’ jar It will come in handy if you get to the end of the month and your bank account is low!

Try not to eat out all the time It’s tempting with all the new culinary delights to behold, but holding back a little will help your bank account and waistline!
Think about having to ship all that stuff home when you finish There’s no point in buying loads of stuff if you are going to have to bin it when you leave!
Always keep a look out for cheaper accommodation What’s the point in paying a lot when you’re never there anyway? You may even get a nicer place for less!
Barter If you’re in a country where bartering is part and parcel of everyday life, work on your persuasive skills. This means going ridiculously low, using your wiles, budging very little and slowly walking away…waiting for that sigh and a big dip in the price (in the pursuit of fairness, you may want to consider paying a little bit more for things if you get an above average salary).

What are your tips for managing your money while teaching abroad? Post them below!

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