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5 tips to save money living in London

 

Living in London is expensive, there’s no two ways about it. Whether it’s in the north, east, south, or west, everyone works towards living in a luxury place in Central London as can be found at some of the top West End estate agents such as Leo Newman, with the fancy car to go with it. To live comfortably like this however, you have to work hard to be able support yourself. Salaries might be higher and bonuses might be more frequent, but it’s all relative to the standard cost of living in the city. Though Londoners do enjoy a more sociable life than others which contributes to an expensive outcome, they do tend to have to pay an extortionate amount for mandatory expenses such as rent, food, and transport compared to other cities across the country, but it’s hard to avoid not paying for a place to live! It’s always nice to find a few ways here and there to save some pennies, which you can with these 5 top tips!

1. Eat in more

Ask most people and they will say that the chunk of their money is spent on buying food and eating out. As much as there are hundreds of fantastic restaurants in London, they can also be very expensive. Instead of eating out during the week, save the occasion for the weekend and have something exciting to look forward to. The best way to save money is by planning your food for the week and doing a weekly grocery shop. You can then invite some friends over to join you. Not only is this a healthier (depending on what you cook) and cheaper way to eat, it can also turn into a social event too, but also make the experience of splashing the cash on the weekend a little more special without leave you with that guilty feeling!

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2. Walk more

You will be amazed at how much money you save and how much of London you see from simply walking rather than using buses and trains! Sure, London has a great public transport system, but it can also work out to be very expensive. Walking is the perfect way to get your exercise in for the day, see things you wouldn’t on the tube, and you’ll be surprised to see just how close everything is to each other.

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3. Visit free places

London is only expensive if you make it! Some of the coolest and most famous attractions and landmarks don’t cost a penny. For example, it costs nothing to visit Big Ben, Buckingham Palace, or most museums such as the famous Natural History museum and Tate Modern. Take advantage of what’s in front of you, don’t always do the same things and venture out a bit, there’s so much to do in this city!

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4. Get discounts when you can

Places in London are always happy to accept discount codes, taste cards, student discount cards, and happy hours, so use them! If you plan in advance or do some research online, you can easily find out where in London you can spend less for more. If you travel on public transport a lot, save money by purchasing railcards. It doesn’t matter how little or much money you save, it all adds up in the end so do it as much as you can.

5. Shop around

If you see a pair of shoes you HAVE to buy, or a watch you’ve fallen in love with, just wait a minute. Think to yourself, “do I really need this?” If the answer is yes, shop around and look for the best deals. It’s guaranteed that a little bit of research will go a long way in finding the best price for the same product. It might mean having to wait a few more days to have what it is you want, but it will be worth it when you’ve got a spare £100 in your pocket!

 

Author: Agustina

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