Save Money Anywhere
Save $$$ at International Schools ANYWHERE: Tip #2
September 29, 2021
As a career international teacher, I am happy to continue this series on Save $$$ ANYWHERE! Last week we introduced the 70% target for savings as an international teacher.
Helpful Hint #2: Housing Package
When moving to a new country for a new teaching assignment, there is always a transition period. Culture shock is real and different for everyone. Some teachers can hit the ground running, some take a few weeks or months, and some break contract and never transition. Moving is hard, and international schools understand that a proper induction program can make-or-break a new teacher. The first impulse when arriving is to surround yourself with “comfort stuff”.
When relocating to a new country, housing is one of the most important factors in accepting an assignment. Some schools offer a housing allowance, others offer discounted housing, and some offer fully furnished, and fully subsidized housing. These details are important and often glazed over during the recruitment phase. Asking lots of questions is important to understanding the full cost of relocation.
A colleague of mine was looking for a new school during the COVID-19 pandemic, and he asked the school for a larger housing allowance, as he did the research and found out the allowance would only support a studio apartment. Living in a studio was unacceptable for him, so he asked for a housing allowance that would pay for a 1 bedroom. The answer was a harsh “NO – the terms of the contract are non-negotiable”. My friend smiled at me and said, “Wow I guess the reports on this school were true, no wonder they are struggling to find teachers”. Doing your homework and due diligence can uncover many red flags, and set you nicely up to reach your savings goals.
International teachers generally only stay at an International School for an average of 2.4 years. The money that you spend on your relocation, you will almost never get back. This is a sunk cost, and understanding what you are moving into can help increase your savings, and speed up your acclimatization to your new home.
Stay tuned next month for Tip #3 on Save $$$ ANYWHERE!
This article was submitted by an ISC member and veteran international school teacher. If you are interested in being a guest author on our blog, please contact us here.
