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It’s no secret that the cost of living is on the rise in every corner of the globe. What was once an inexpensive, fun & funky locale may today be far overpriced. Take Romania for example: when the Euro was ushered in to replace the long standing Lei, prices sky rocketed and spending power sank proportionately. When Mexico suffered the tumble of the Peso, international educators discovered their local bank accounts depleted by 50% and the value of the local-currency portion of their paychecks had been cut in half.
No one can predict the future, but you can certainly try to put yourself in a situation that is productive from a professional, as well as financial, perspective. If money is not a concern for you, read no further.
For teachers who have spent time overseas, you already know savings potential is not directly dependent on salary. It’s the cost of living that makes or breaks your pay check. Parts of Africa pay fabulous salaries, but Cheerios cost $15US a box and a burger at the local restaurant tops $20 before fries & drink. A great salary on paper may not be so good after all.
The question is, where are the top places to teach and sock away some money? If you’re after the inside word on a particular school or area of the world, we encourage you to take advantage this ISR Savings Potential Blog. Here’s the place to ask questions and get answers. For those of us lucky enough to be teaching and living in what we consider to be a favorable economic situation, this ISR Savings Potential Blog is the place to share your good fortune with others in search of the same.