As a career international teacher, I am happy to continue this series on Save $$$ ANYWHERE! Last month we introduced the avoiding large purchases topic as a way for international teachers to save $$.
Helpful Hint #4: Extravagant Vacations
The final savings destroyer is extravagant vacations.
Now, these are far less common because of the COVID global pandemic, but revenge vacations are starting to emerge. We all need vacations, they are good for us physically, mentally, and emotionally. There is however a wide range on what international teachers can spend on a vacation.
A family of 4 can spend anywhere from $2,000 to $20,000 USD on a vacation. Following the Silk Road, exploring Japan tip to tip, and cruising the Galapagos Islands are memorable once-in-a-lifetime vacations. They will make your Facebook account look great, and will make you the envy of all your friends back home in the snow, but is it worth it? The answer to that is a personal choice. For some, those vacations are why we became international teachers in the first place, so the answer for them is YES – It is worth it!
As a super-saver, I’ve done all those vacations without breaking my savings pledge. I’ve backpacked the Silk Road with our 3-year old boy, I’ve hitchhiked across rural Japan, and used local ferries to ping pong around the Galapagos Islands. We got some strange looks, got lost more times than I can remember, and made great friends along the way.
When borders re-open, and travel begins again for you in your host country, look at your bank account and see how much you saved on not going on vacations last year during the big lockdown.
Finding a vacation that provides you the necessary physical and mental recharge is important, just make sure it doesn’t drain your bank account and put you in a financially vulnerable position. International school enrollment is down globally because of the COVID-19 pandemic, and schools are looking at any way to get financial relief. Having a good nest egg to carry you for 6 months can offer a lot of comfort in these unstable times.
Stay tuned next month for Tip #5 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.