Living on a Budget in South Korea
Although once considered extremely inexpensive by Western standards, South Korea's prices have risen dramatically since the 1988 Olympics.
- Limit your meals out or eat at local restaurants. Alternatively, ramen can be purchased at the grocery store and is much cheaper than eating out - you only have to add water!
- Set up a savings plan once you've established yourself. After you find a job and pay your initial expenses, figure out your monthly income and your fixed expenses - rent, transportation, food, etc. Depositing half or more of the remainder in a savings account will quickly result in substantial savings.
- Limit going out to once or twice a week. Most bars insist on customers at least ordering hors d'oeuvres, which can make for a very expensive evening.
- Take the bus or subway whenever you can rather than catching a taxi. Bus and subway fare cost much less than any taxi far to the same destination.
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