10 Money-Saving Tips for Teachers with a Master’s in Education in China

Living and working in China as a teacher with a Master’s in Education can be an exhilarating experience. The country’s rich history, diverse culture, and rapid development provide a fascinating backdrop for your teaching career. However, managing finances in a foreign country can be a bit daunting, especially if you’re trying to save money. Here are ten practical tips to help you save money while enjoying your teaching experience in China.

1. Live Like a Local

One of the most effective ways to save money in China is to live like a local. This means embracing the local lifestyle, from food to transportation. While Western-style restaurants and fast food chains are available, they are often more expensive than local eateries. By eating at local restaurants or street food stalls, you can enjoy delicious Chinese cuisine at a fraction of the cost.

Similarly, using public transportation or cycling can save you a significant amount of money compared to taking taxis or owning a car. China has an extensive public transportation network, including buses, metros, and high-speed trains, which are affordable and efficient.

2. Shop at Local Markets

Shopping at local markets can be a great way to save money. Not only can you find fresh produce and local products at lower prices, but you can also practice your bargaining skills. Bargaining is a common practice in Chinese markets, and it can be a fun and rewarding experience. Just remember to be respectful and keep a smile on your face.

Additionally, shopping at local markets allows you to support local businesses and contribute to the local economy. It’s a win-win situation!

3. Learn the Language

Learning Mandarin can be a valuable asset in saving money in China. Not only can it help you navigate the local markets and public transportation, but it can also open up opportunities for additional income. For example, you could offer private English lessons to Chinese students or adults wanting to improve their English skills.

Moreover, speaking Mandarin can help you build relationships with locals, which can lead to opportunities for cultural exchange and understanding. This can enrich your experience in China beyond the financial benefits.

4. Use Local Apps

China has a vibrant digital ecosystem with a plethora of apps designed to make life easier and more affordable. Apps like Alipay and WeChat Pay allow you to make payments directly from your phone, often with discounts. Other apps like Didi (China’s Uber) or Meituan (a food delivery app) offer services at competitive prices.

Using these apps can help you save money and time, and they can also give you a glimpse into the digital lifestyle of modern China.

5. Take Advantage of Teacher Discounts

Many institutions in China offer discounts to teachers. This can include anything from reduced prices for cultural attractions to discounts at local businesses. Be sure to ask about these discounts and take advantage of them. It’s a small perk that can add up to significant savings over time.

Additionally, some schools offer housing allowances or even free accommodation to teachers. This can be a major cost-saving benefit, so be sure to inquire about it when negotiating your contract.

6. Plan Your Travels Wisely

China is a vast country with a lot to see and do. However, travelling can be expensive if not planned wisely. Consider travelling during off-peak seasons to avoid high prices and crowds. Also, booking your tickets and accommodations in advance can often save you money.

Furthermore, consider exploring less touristy areas. Not only are these places often cheaper, but they can also offer a more authentic and unique experience.

7. Cook at Home

While eating out in China can be affordable, cooking at home can save you even more money. Chinese supermarkets offer a wide range of fresh produce, meats, and spices at reasonable prices. Plus, cooking at home allows you to experiment with Chinese cuisine and create your own dishes.

Additionally, cooking at home can be a healthier option as you have control over the ingredients and cooking methods. It’s a great way to save money and stay healthy!

8. Save on International Money Transfers

If you’re sending money back home regularly, the fees and exchange rates can eat into your savings. Consider using online money transfer services like TransferWise, which offer lower fees and better exchange rates than traditional banks.

Also, it’s worth checking if your bank in China has a partnership with a bank in your home country. Some banks offer fee-free transfers between their international branches.

9. Stay Healthy

Healthcare in China can be expensive, especially for non-residents. Therefore, staying healthy is not only important for your well-being but also for your wallet. Regular exercise, a balanced diet, and regular check-ups can help prevent health issues and save you money in the long run.

Also, make sure you have adequate health insurance. Some schools provide health insurance as part of their employment package, but it’s always a good idea to check what it covers and consider getting additional coverage if necessary.

10. Network

Networking can open up opportunities for additional income or cost-saving benefits. This could be in the form of part-time teaching opportunities, tutoring, or even house-sitting. Join local expat groups, attend events, and make connections. You never know what opportunities might come your way.

Remember, saving money doesn’t mean you have to compromise on your lifestyle. With a bit of planning and smart choices, you can enjoy your time in China and save money at the same time.

Enhance Your Teaching Career with iQTS

As you implement these money-saving strategies in China, consider taking your teaching career to the next level with The IQTS at UWE. The International Qualified Teacher Status (iQTS) Programme is designed to help educators like you overcome barriers to career progression, connect with a global community, and gain a deep understanding of international curricula. With the iQTS, you’re not just saving money; you’re investing in a Level 7 qualification that can lead to a 45% increase in promotion rates and a 30% salary boost. Don’t let isolation or underqualification hold you back. Make Your Next Step towards a more connected and rewarding teaching experience with the iQTS programme.