What Does it Mean to "Break-Even" Financially While Teaching English Abroad?

By: Michael Kunik

As you embark on your research for your options for teaching English abroad, you will likely encounter the term "breaking even" with reference to salaries for English teachers overseas. Europe and Latin America are comprised of some of the most popular English teaching destinations in the world.  However, most English teachers living there only make enough money to “break even” each month. This means you can cover your bills (rent, food, ulitilies, transportation, etc.), support yourself, live comfortably, & enjoy your life abroad to the fullest, but you shouldn't expect to save money at the end of the month

 

Unfortunately, there are many misconceptions circling around the TEFL field about what kind of impact this financial fact will have on an English teacher’s experience abroad. Fortunately for you, I’ve taught in one of these markets (Madrid, Spain), and I know the truth about teaching English in a “break-even” country.