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4. Stay in, cook dinner at home and watch a movie!
You'd
be surprised how much you spend on eating out, drinks at the bar, and
taxi rides home after midnight! For instance, let's look at a pretend
night out in Korea.
Do that twice a week for an entire year and you'll scratch 4,284,800 (₩) from your savings! That's $4000 dollars in 1 year!
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5. Brew your coffee at home
I
looooooove Vanilla Latte's at Starbucks, but if I bought one every
morning on my way to work, I'd spend a pretty penny! You may be
thinking, but Jill, I "need" my morning coffee! I agree with you,
except you don't NEED Starbucks, Angel-in-us or Coffee Bean & Tea
Leaf coffee! You could save hundreds of dollars by making it at home
before you leave for work! Let's do the coffee math.
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6. Listen to Dave Ramsey Podcasts.
My parents definitely put me on track to be financially savvy at a young age... Dave Ramsey helped me, as I became an adult, to manage my money and pay off my student loans in a timely manner. Not to mention, he inspired me to be debt free, which I've been since I paid off $35,000 in student loans at 23! He may come across as really cocky at points, but his advice is right on the money and you'll walk away inspired to be debt free!
Click here to listen!
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7. Avoid buying stuff at full price!
Trust
me, it'll go on sale! Aaron and I go to Home Plus about 3 times a week
to look through their produce sale! I'm not about to buy a bell pepper
for 3,000 (₩)! Especially since we use about 4 every night for dinner.
I wait until they go on sale for 700 (₩) and buy all that they have!
:) When it comes to clothing, H&M is one of my favorite stores
in Korea, but I NEVER buy anything full price there. I do this because I
know everything will go on sale! Case in point, they're having a giant
sale right now, and since I waited for the things I loved to go on
sale, I saved myself a boatload of money! Also, if you're shopping in
the Korean markets, try asking the owner "Jome gaga juseyo" 좀 가가 주세요 (Can I get a discount, please?) Sometimes they'll knock off 10-30%! Every dollar, or (₩) in this case, counts!
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8. Pay with cash in Korea.
First
rule: If you don't have the money for it, you shouldn't buy it!
Secondly: Pay with cash instead of your credit or debit card. Our minds have a harder time handing over CASH
than handing the store a piece of plastic. Try it for a month
and you'll see how much you save just by paying with cash! I'm visual,
so this really works for me!
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9. Buy online and use coupon codes!
I can't tell you how much I've saved by buying some of the things I need online! Korea can be cheap if you know where to shop, but buying online can be even cheaper! If you're in the market for electronics, jewelry, purses, foreign goods, shoes, clothes, etc... try some of these websites that I use! Most, if not ALL ship to Korea too.
www.gmarket.co.kr (for anything Korean)
www.ioffer.com (for purses, jewelry, clothes, etc)
www.iherb.com (for healthy foreign food, spices, all natural toiletries, etc)
www.ebay.com /
www.ebay.co.uk (for EVERYTHING)
*** If you're shopping at any other store online, go to
www.retailmenot.com before you check out, and type in the website's name where your buying something from. There will most likely be a coupon code to give you a discount on your order! I just found this coupon code for 25% off the H&M store on ebay! See what I mean?!
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10. Make it if you can!
This
applies to everything from food, cleaning supplies, home decor, gifts,
etc. I know not everyone out there is crafty or knows their way around a
sewing machine, but if you do, start making stuff instead of buying
it! I've made curtains for my apartment, about 10 pillow cases, a duvet
cover, a bed skirt, picture matings, wall hangings, clothes, holiday banners and a bunch of other stuff, and
saved myself hundreds of dollars! I borrowed a sewing machine from my
school's 6th grade classroom. Your
school might have one too that you can take home and use! It's worth
asking, right?! I also make my own custom Christmas cards and did custom Christmas mugs this year too, which would be a great gift for co-workers! Aaron and I also cook healthy meals at home, almost
every night, for between 3 - 5,000
(₩) a person! Sure beats going to
Outback, TGIFridays or a Korean Beef restaurant and being handed a bill for 50,000
(₩)!
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11. Find a cheap hobby!
1. Try blogging, it's FREE!
2. Buy or check out a book from the English library and snuggle up with some homemade coffee.
3. Watch movies on
www.documentaryheaven.com
4. Start a new TV series and throw it on when you're bored and fighting the urge to go shopping!
5. Learn to cook!
6. Study Korean.
7. Craft something out of materials you already have laying around.
8. Plan a potluck at a friends house where you chose a country and everyone make that type of food.
9. Work out at home instead of your gym.
10. Take a run!
11. Skype someone from home. (You know your mom misses you!)
12. Do a puzzle.
13. Play Sudoku!
14. Try a crossword puzzle.
15. Learn a new card game and invite a friend over to play.
16.
Meet up with some friends to watch your favorite TV show together every
week. (I do this with my friend Ashley. We meet every Monday night to
eat popcorn, drink coke and watch Revenge.)
17. Walk around your
neighborhood and take some photos! You'll be glad you did when you
finally leave this country and wanna reminisce!
18. Start a book club.
19. Volunteer at a local orphanage.
20. People watch.
21. Do an hour of yoga once in a while.
22. Read blogs. (They're pretty interesting!) wink wink
23. Learn to sew.
24. Get a part time job. (Shhh, I didn't say that!)
25. Read
www.KoreaBridge.net and
www.Waygook.org
26. Write a letter to someone back home and send it in the snail mail.
27. If you have a smartphone, open up an Instagram account and snap away!
28. Browse
www.Reddit.com (That's Aaron's favorite.)
29. Dog sit / Cat sit for friends who need a break from their animals.
30. Clean your apartment. (You know you'll feel so much better when it's all tidy.)
31. Visit a nearby temple.
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12. Learn to cut and color your own hair!
If you're blonde like me, you know there are only a few salons in Busan that are even worth chancing, but you're still gonna pay 100,000 for your roots to be touched up and another 20,000 for a simple trim! Uugghhh. Why not learn to do it yourself? I've never been to cosmetology school, nor would I say I'm great at highlighting hair, but back in 2003, I decided that I'd rather spend that $100 a month on something other than sitting in a salon while my hair stylist painted 99 cents worth of bleach onto my hair, only to leave the salon 3 hours later with nothing but my roots touched up! I grabbed some bleach from Sally's Beauty Supply (in America) and taught myself how to highlight my own hair for $1.00 each time. Now, 10 years later, I'm still highlighting (and cutting) my hair in my own bathroom at home for about 99 cents a month! If you do the math...
I think I'll take that savings and buy myself a car in April! :)
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13. Don't save more than $1000 if you have debt.
The
fact of the matter is, if you have debt, you shouldn't be "saving".
It's an oxymoron and a bad idea.
The money you're making on interest is nothing compared to the money
you're losing on the interest rates your debt is accumulating! So, keep
1,000,000 (₩) in an account, just for an emergency, and send EVERYTHING
else home each month to pay off your debt!
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14. Pay off 1 credit card at a time.
This
may sound strange, but by tackling 1 balance more than the others, it
will give you a boost of instant gratification and help you feel like
you're accomplishing something! Pay off your smallest debt and once
it's finished tackle the next smallest debt. In other words, pay 3x,
4x, 5x's (whatever you can) of the minimum amount on 1 debt until it's
gone!
*** I have a friend who's working as an EPIK teacher in Korea
that I've helped get on a budget in order to pay off their credit card
debt and student loans. They've been able to send home about 1,600,000 a
month and will have paid off almost $20,000 in 13 months! It is possible people!
