How living costs go up
"Why do war news stories raise my living costs?" You may be curious. When oil prices go up, shipping costs go up first. So grocery shopping, delivery, and transportation costs can easily go up together.
Foreigners are also more sensitive to exchange rates. Even if the salary is the same, the money sent to the home country can decrease. So you need to watch prices and exchange rates together. This is the key point of this response.
First, check remittance fees.
Second, split transportation costs.
Third, compare grocery prices.
For example, if you order delivery 4 times a week, the burden grows quickly when oil prices go up.
Costs that go up first
"Where should I cut first?" It is hard to decide, right? You need to look at the items you feel the most, one by one.
| Item | Why it goes up | What to do right away |
|---|---|---|
| Transportation costs | Fuel prices have a big effect | Check commuter passes and transport passes |
| Delivery fees | Shipping costs and minimum order amount go up | Reduce delivery frequency |
| Grocery costs | Logistics costs are reflected in prices | Use hypermarkets and group buying |
| Remittance fees | Exchange rates and fees move together | Use split remittance |
7 steps to protect living costs
"What should I do first this month?" It can feel overwhelming. Many foreigners fail because they try to cut everything at once at this time. First control fixed costs, then reduce variable costs.
For stay and labor counseling, contact 1345 Foreign Resident Support Center Foreign Resident Support Center.
Compare financial product fees directly in the app.
Split your remittance dates
Do not send everything at once. Send it in parts. You can reduce losses from exchange rate changes.
Turn on exchange rate alerts
Set alerts in an exchange rate app. Check right away when your target exchange rate comes.
Reduce delivery times
Reduce the number of orders and buy at one time. You can reduce delivery fees and impulse spending together.
Check your transit pass again
If you commute a lot, a transit pass is better. First calculate the route you use often.
Change where you buy groceries
Use a big mart instead of a convenience store. If possible, shop together with a friend.
Check your utility bill plans
Check your electricity, gas, and phone bills again. Remove options you do not use right away.
Use a weekly budget sheet
If you check only once a month, it is late. Write down remittance fees, food costs, and transportation costs every week. Real tip: you can see change even if you write only these three items first.
Response by stay situation
'What method fits me?' The costs to reduce first are different depending on your situation.
You cannot reduce tuition right away. So first check commuting costs and grocery costs that go out every month.
If you spend a lot at convenience stores near school, set your weekly food budget first.
It is not your fault. If the exchange rate moves a lot, the same salary may send less money to your family.
You need to compare remittance fees and exchange rate benefits together.
If you have dollar payments, exchange rate changes feel bigger.
Check big fixed costs first, like housing, insurance, and subscriptions.
If child expenses and food costs go up together, the burden grows fast.
If you divide the family budget by week, it is easier to prevent sudden spending.
Frequently Asked Questions
Also check remittance fees
If you use exchange rate alerts and fee comparison together, you can reduce losses.
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