How Can I Transfer Money Home While Teaching English Abroad?

By Lynda Galea

Wondering if and how you can transfer funds back home while traveling & teaching English abroad? Many English teachers abroad need to be able to transfer extra money home so they can meet financial obligations like making student loan payments. Transferring money home from a foreign country unfortunately isn’t always as easy as opening the Venmo app on your cell phone and punching in an amount to send. There are many factors to consider such as transfer fees, exchange rates, and the time it takes the recipient to actually receive the funds you are sending.

While this may seem confusing, there are many services, both in-person and online, that are available to aid you in transferring money home while abroad. Let’s discuss a few of the more popular and trusted options.

Will I Pay Taxes While Teaching English Abroad? [For Americans]

By: Doug Waxman with assistance from CPA & Expatriate Tax Consultant Gregory Lucyshyn

So…You are planning on getting TEFL Certified and teaching English abroad?  It sounds like the experience of a lifetime and you are ready to go.  But, you want to be smart and make sure you are fully prepared regarding all financial matters you will need to consider both at home and abroad, including taxes.

My name is Doug Waxman, Business Development Director & Admissions Advisor at ITA and I have teamed up with Gregory Lucyshyn with Expatriate Tax Consulting (MY ACCOUNTANT & also ITA’s preferred expat accountant) to help you out with the question, will I have to pay taxes while teaching English abroad?

Can I Really Get "Rich" Teaching English Abroad?

Getting the Most out of Your Experience Teaching English Abroad Financially & Otherwise!

By Jeff Penick

Sometimes people will mention how they heard it is possible to get “rich” teaching English abroad. Earning a professional salary is certainly a big part of what makes teaching English abroad such a great way to live overseas. In fact, first-time English teachers with an accredited TEFL Certification can make enough to save up to $15,000 USD or more over a year in some countries in Asia & the Middle East. However, if you are mostly interested in teaching English abroad to become financially rich, teaching abroad is probably not going to land you in the "1%". That being said, if one of your primary reasons for teaching English and living abroad is to become rich in life experience, it is a safe bet that the time you spend teaching English overseas will be one of the most valuable and worthwhile periods of your entire life. Below, I will detail some ways to make your time abroad rich with experience…and I’ll also provide some tips and resources in regards to money including some of the more financially advantageous teaching markets.

Get rich abroad…with EXPERIENCE