Embarking on a teaching career in China can be an exciting and rewarding experience. However, it can also be a bit daunting, especially when it comes to managing finances in a foreign country. As a PGCE teacher, you’ll want to make the most of your earnings while also enjoying your time abroad. So, how can you save money without compromising on your lifestyle? Here are our top 10 tips to help you save cash while teaching in China.
1. Embrace Local Cuisine
Why Eating Local is Cheaper
One of the easiest ways to save money in China is by embracing the local cuisine. Western food can be expensive, and while it’s nice to treat yourself occasionally, eating Chinese food regularly will significantly reduce your food expenses. Plus, it’s a great way to immerse yourself in the local culture and try new dishes.
Where to Find Affordable Local Food
Street food vendors and local markets are excellent places to find cheap, delicious Chinese food. Not only will you save money, but you’ll also get to experience authentic Chinese cuisine. Just remember to be cautious about food hygiene to avoid any unwanted stomach upsets.
2. Use Public Transport
The Benefits of Public Transport
China has an extensive and efficient public transport system. Buses, trams, and the metro are all affordable options that can get you where you need to go. Plus, using public transport instead of taxis or private cars can save you a significant amount of money.
Getting a Transport Card
Consider getting a transport card if you’re going to be using public transport regularly. These cards can be topped up and used on buses, trams, and the metro, often offering cheaper fares than buying individual tickets.
3. Shop at Local Markets
Why Local Markets are Cheaper
Local markets in China are a treasure trove of affordable goods. From fresh produce to clothing and household items, you can find almost anything you need at a fraction of the cost of supermarkets or shopping malls. Plus, haggling is common practice, so you can often negotiate prices down even further.
How to Haggle Effectively
Haggling can be a bit daunting if you’re not used to it, but it’s a skill that can save you a lot of money. Start by offering a price lower than what you’re willing to pay, and be prepared to walk away if the seller won’t meet your price. Remember, it’s all part of the shopping experience in China!
4. Choose Accommodation Wisely
How to Save on Rent
Rent can be one of your biggest expenses when living abroad. To save money, consider sharing an apartment with other teachers or living a bit further from the city centre where rents are usually cheaper. Just make sure your commute to work is still manageable.
Understanding Utility Bills
Utility bills can add up, so it’s important to understand what you’re paying for. In China, you’ll typically need to pay for electricity, water, and gas. Try to conserve energy where possible to keep these costs down.
5. Learn Basic Chinese
Why Learning Chinese Can Save You Money
While many people in China’s larger cities speak English, knowing some basic Chinese can be a real money-saver. It can help you navigate local markets, understand public transport, and even haggle more effectively. Plus, it’s a great way to connect with the local community.
Free Resources for Learning Chinese
There are plenty of free resources available to help you learn Chinese. Apps like Duolingo, online language exchange platforms, and even local language meetups can all be great ways to pick up the language without spending a penny.
6. Take Advantage of Free Entertainment
Exploring Local Attractions
China is a country rich in history and culture, and there are plenty of free attractions to explore. From ancient temples to bustling markets and beautiful parks, you can immerse yourself in Chinese culture without spending a fortune.
Free Events and Festivals
Keep an eye out for free events and festivals happening in your area. These can be a great way to experience Chinese culture and entertainment without breaking the bank.
7. Use Local SIM Cards
Why Local SIM Cards are Cheaper
Using your home country’s mobile data in China can be incredibly expensive. Instead, consider getting a local SIM card. They’re usually quite cheap and offer generous data allowances, making it much more affordable to stay connected.
Where to Buy a Local SIM Card
You can buy a local SIM card from most convenience stores or mobile phone shops in China. Just make sure your phone is unlocked and compatible with the Chinese network.
8. Be Smart About Sending Money Home
Understanding Exchange Rates and Fees
If you’re planning to send money home regularly, it’s important to understand exchange rates and fees. Banks often charge hefty fees for international transfers and offer less favourable exchange rates. Using a money transfer service can often be a cheaper option.
Choosing a Money Transfer Service
There are many money transfer services available, so it’s worth shopping around to find the best deal. Look for a service that offers low fees, a good exchange rate, and a fast transfer time.
9. Get Health Insurance
The Importance of Health Insurance
Healthcare in China can be expensive, especially for non-residents. Having health insurance can save you a lot of money if you need medical treatment. It’s also a requirement for obtaining a work visa in China.
Choosing a Health Insurance Plan
There are many health insurance plans available, so it’s important to choose one that suits your needs. Consider factors like coverage, deductibles, and whether the plan includes repatriation in case of serious illness or injury.
10. Live Like a Local
Adopting Local Habits
Finally, one of the best ways to save money in China is to live like a local. This means adopting local habits, like using public transport, shopping at local markets, and eating local cuisine. Not only will this save you money, but it will also give you a deeper understanding of Chinese culture and daily life.
Joining Local Communities
Joining local communities, such as neighbourhood groups or hobby clubs, can also help you save money. These groups often share tips and information about local deals and discounts, and can be a great way to make new friends and feel more at home in China.
In conclusion, saving money while teaching in China is all about embracing the local lifestyle and being savvy with your spending. With these tips in mind, you’ll be well on your way to making the most of your earnings while enjoying your time abroad. Happy teaching!
Enhance Your Teaching Career with The IQTS at UWE
While you’re implementing these savvy financial strategies in China, consider taking your teaching career to the next level with The International Qualified Teacher Status (iQTS) Programme at UWE. Overcome the common barriers of strict qualification requirements and stand out in international schools. Join the ranks of educators who have seen a 50% increase in interview callbacks and embrace the opportunity for a 45% increase in promotion rates and a 30% salary boost. Connect with a global community of professionals, gain a deep understanding of international curricula, and balance your professional development with your teaching commitments through our flexible online study options. Make Your Next Step towards a more fulfilling teaching experience in China and beyond.