Personal Finance for English Teachers Abroad
I am creating a collection of audio narrations and questions for ESL students that can be used by teachers in their classrooms, for one-to-one instruction, and even for student self-study. The first one, How the Whale Got His Throat by Rudyard Kipling is now available, and the questions can be downloaded below. Let me know what you think!
“Budgeting isn’t about limiting yourself — it’s about making the things that excite you possible.” The Financial Diet
Moving abroad to teach English is a huge step, whether you plan to go for one year or to put down roots. How much money to take with you will depend on where you’re going, but a good rule of thumb is to save up at least 3 times your expected monthly income. Equally important is planning the whole budget for a year abroad. Download my free budget template and follow along.
Many language teachers already know how important it is to have interactive lessons that get students involved from the first class, such as this example. But what can you do in a Low-Tech Classroom? Today we have the honor of a guest post from Raven, a former Language Assistant in Caceres, Spain, who will address the important topic of the low-tech first class.
According to my WordPress statistics, in about a week it will have been a year since my last post. What have I been doing from summer 2018 until now? As the title suggests, I’ve been working on my own self-advancement in EFL teaching. But what exactly does that look like?
This post contains affiliate links, which support this blog at no additional cost to the reader.
Finding ways to earn extra income is not a new concept to most people, from the Millennial “side hustle” to Dave Ramsey inspired “Dave Jobs,” every generation has its own methods for creating new sources of income. This isn’t any different for the auxiliar de conversacion. Here are 3 tried and true methods for earning a bit of extra money while teaching abroad, and one bonus way to start earning extra income before you even move abroad.
According to CNN Money, 44 million Americans have a side job. Many people need these jobs just to keep up with their regular bills. One benefit of teaching English in Spain, is that you can avoid such inflated bills, since the cost of living is so much lower than many of our cities back home. As an auxiliar, you shouldn’t NEED extra income just to get by, but it can really help improve your travel opportunities. Extra income can also be used to pay down debt back home.
The first class. A lot of people, when moving abroad to teach English, get really excited about their new location. You might dream of all of the day trips and weekend travel that you’ll be able to do. But what makes a lot of new teachers nervous is thinking about that first class. What will the school be like? What will they expect from me? And the kids? Rest assured, these feelings are normal.
There is no one answer to all of these questions. Each school, administration, and group of students will be different. When you get there, you will be able to start answering these questions as you figure out your role in the classroom. But until then, what do you do?
Start planning your first class. You can do this without knowing much about your school, because the first class will be about you. What you will need to know about your school, is the age range. From there, you can create something adaptable to each level.
Are you thinking about moving abroad to teach English? Or, if you’re already teaching English abroad, are you looking for a new destination?
Budgeting is the most crucial step for being able to teach English abroad. When should you start your budget? Immediately. If you are still living at home, you will need to begin thinking about things like the cost of moving (including visas, transportation, and possible packing essentials), and a starter fund to get you through your expenses abroad before you get paid (rent, security deposit, groceries). It will likely be one month or more before you see your first paycheck.
Some programs will offer to pay for your flight (Asia, the Middle East). Typically, this is offered as a flight reimbursement, so you will have to pay the money upfront.
Other programs, like mine, the North American Language and Culture Assistants in Spain, also known as Auxiliares de Conversacion, definitely do not offer such benefits, but there are still lots of ways to find a cheap flight. The point is, you need to be prepared to budget for it.
So, what do I recommend? Where you’re going and what incentives your program offer will greatly affect this amount. Spain will be more expensive than China. Saudi Arabia will offer lots of benefits that you won’t see elsewhere.
Time is Money. This is a well-known concept that many of us have heard throughout our lives. But what does it mean?
For me, it draws up the image of someone tapping their foot, looking at their watch, and sighing impatiently. It implies the need to hurry up. Or maybe someone gives it to you as an excuse as to why they don’t have time to spend with you, thus enforcing that they can’t slow down. Time is MONEY, after all.
But wait. Slow down. I promise, you’ve got time for this. What if we’ve been misinterpreting this age-old proverb all along? What if instead of thinking that time is MONEY, we start to realize that TIME is money. This changes everything.