Money Diary: How Much Do You Spend in a Week Living in Seoul, South Korea?
July 2, 2019
Occupation: Education Technology Coordinator
Industry: International Education
Location: Seoul, South Korea
Salary: $40,000 USD (not including severance)
Paycheck Amount (Monthly): $3,330 (pre tax and retirement)
Each day starts with the regular breakfast. A Vitamin C drink ($0.50 each (multipack)), a plain greek yoghurt (about $1 per yoghurt) and a protein bar ($2 each) . Ever since January I have been walking to work. Regardless the school has a free shuttle bus for staff, transportation in general doesn’t cost me much throughout the week as I prefer to walk everywhere (gotta get those 10,000 steps per day). Lunch at school is also free and there are two options. After school it is raining and I need to get home quick, so I get a local taxi. The ten minute ride cost $3.50. At home I relax with my family (wife and baby), watch Netflix ($10 per month) and eat a home cooked meal of Pork Stew.
The usual breakfast and then I walk to work again and have the free school lunch. I have a working meeting with a colleague and we decide to go to a local coffee shop. Coffee and a Bagel as a snack runs up to $7.50. I walk home, but on the way stop to get an artisan donut for my wife and I. Each one costs ($3) but they are so worth it. My wife is out with her friends for a meal and I have my son to myself. I order from Seouls Shuttle Delivery service, an app which delivers (for a small fee) food from most of the popular restaurants in the expat district of Yongsan-gu. A Moroccan Chicken sandwich costs $6 and $3 for delivery. My wifes meal at a fancy Italian restaurant with drinks costs $20.
I wake up early to go work out. The walk to work is a good 20-30 minutes mostly up hill and is a good warm up. Luckily the school weight room is free to staff as is the gym where twice weekly basketball games are played between staff, some parents and occasionally the odd HS student or two. Free lunch at school. Walk home back to a home cooked meal.
Thursday is our end of year party. I walk to work and then get ready for a big lunch. We head to a Brazilian churrasqueria (an all you can eat restaurant which has different cuts of a variety of meats, served via huge skewers. This is $35 per person and one of the more pricey options around, but luckily it is being paid for by the school. At home I don’t eat much and a fresh fruit smoothie is enough to fill me up.
Last day of work for the school year. The habit of walking to work has not changed and neither has the free lunch. I get a taxi home again (I had a lot of things to take home from school) which is a bit more expensive this time as we went the long way ($4). At home we decided to order pizza from the cheapest pizza restaurant around $12 + $3 delivery for two medium sized pizzas, its a bargain but definitely not the best pizza you can buy.
Our last full day in Seoul before the summer holidays. We have lunch at home again then we head to a new artisan ice cream shop. We walk the 30 minutes there, choose a Saturday Morning Cartoons Ice Cream (Breakfast Cereal (Fruity pebbles) flavour) and a Mixed Cookie. The two Scoops come to $5. I had previously ordered some frozen pies from an expat chef and heated that up for dinner, each one costs $10 but they are so worth it. My wife had a home made salad, with boxed mac and cheese.
We wake up early to make sure everything is ready for the summer. I have the usual breakfast then we head to the airport. We usually get the subway which costs $5 per person. But as we have our baby boy (6 months old, so first flight) we are getting a taxi, this costs $55 flat fee for an International Taxi, but we think it is worth it to not have the stress of getting on and off subways with a baby and multiple suitcases. We eat at the airport. Coffee and sandwiches for my wife and I comes to $16, then we head off on the flight to the USA.
All for 3 people (my wife and I and our baby boy)
$100/month baby items (diapers/clothes)
$10/month drinking water (comes in 10l jugs)
$100/month for bills (electricity, gas, water)
$30/month apartment maintenance fee
$300/month restaurants and meals out (including coffee)
$40/month Transportation (Taxis and Subway)
$250/month retirement fund
Savings potential on my (mid range for Seoul) salary, and lifestyle is about $1400 a month, this in the last 6 months has been reduced as my wife stopped working after the arrival of our first born (together with no baby we were saving around $3000 a month). The above $250 a month for retirement is matched by my employer
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