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Money Management for JETs. First things first: How much money should I bring to Japan?

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Presentation on theme: "Money Management for JETs. First things first: How much money should I bring to Japan?"— Presentation transcript:

1 Money Management for JETs

2 First things first: How much money should I bring to Japan?

3 About $2,500-$3000 in CASH.

4 What do I need $2-3K for? food first month's rent and utilities travel (to explore Tokyo, your prefecture, etc.) buying and setting up a cell phone setting up a bank account buying/leasing a car household goods toiletries random fun stuff...

5 Where should I change my money? 1. your bank (you need to talk to them anyway) 2. US Airport 3. Tokyo Narita Airport 4. Keio Plaza Hotel during Orientation There's a good chance you won't have the opportunity to exchange U.S. Dollars for yen, so take advantage of airports and Tokyo while you can.

6 SALARY AND TAXES

7 Year 1 on JET: ¥3,360,000 - or - ~ $34,400* *exchange rate on 6/21/13: 97.7 JPY: 1 USD

8 Year 2 ¥3.6 million Year 3 ¥3.9 million Years 4&5 ¥3.96 million

9 Deductions from your salary Include: Pension* Employment insurance Health insurance JET accident insurance *can claim this money back once you officially return to the U.S.

10 JET Program Accident Insurance Policy Covers what the National Health Insurance does not Provides you with health and accident insurance when you travel overseas while on JET. This is all explained in this blue book. KEEP IT!

11 Taxes ALTs' first 2 years tax free complete form 6166 CIRs are not exempt at all

12 Your bank account

13 Cash and cards cash based society a US card is good to keep on hand

14 Expenses cell phone internet rent transportation food and beverages sending money home other

15 Buying from your predecessor

16 After JET This is at least a year away, but... take your Pension Fund blue book back home submit paperwork for pension refund


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