Whether you were born and bred in London or you have recently moved to the Big Smoke, the capital has much to offer but it can be incredibly expensive just living there. Statistics show that London is the sixth most expensive city to live in the world. According to Numbeo, the cost of a one-bedroom flat in the city center is around £1,763 per month, and you can expect to spend approximately £863 on top of that. By staying frugal and setting a realistic budget, you can offset these costs while still living your best life. Here are a few budget-friendly tips to help you live comfortably in London.
1. Read the Small Print
As stated above, renting just a one-bedroom apartment in London can set you back a lot. However, the area you choose and the contract you sign can make a huge difference. When searching for the perfect place at the right cost, always read the contract carefully. Make sure you view the accommodation before transferring any money and get clarity on what’s included. Extra costs, such as council tax and utility bills, can easily add up. Make sure you do your research and have a look through different platforms. You can find a room for rent on websites such as Room Club. They have rooms all over London and properties are added regularly.
2. Learn How to Cook
In a city like London, which plays host to around 270 nationalities, you can expect diverse cuisine everywhere you turn. With so much choice, it can be tempting to dine out every night just to sample everything this city has to offer. However, restaurants can be incredibly expensive in London and the costs of eating out regularly can quickly add up. To save a bit of money, try to eat in as much as possible. Rustling up your own lasagna or fish tacos rather than dining out (or getting a delivery) can help increase your savings. Those who aren’t blessed in the kitchen can get a helping hand in the form of a meal box subscription. Meal kit companies, such as Hello Fresh and Gousto, are great for people who lack inspiration and skills in the kitchen. They can also save time as you won’t have to worry about meal planning or grocery shopping. These companies send you everything you need to make a delicious meal, including fresh ingredients and simple recipes.
3. Cheap Theatre Tickets
With ticket prices reaching triple figures for some West End shows, going to the theatre is considered an expensive treat for most. Luckily, avid theatergoers don’t have to miss out on this money-saving tip. Instead of purchasing super expensive tickets online, which sometimes don’t even provide a good view, go directly to the box office and ask for rush tickets instead. Rush tickets can be bought on the day of the performance and the price can vary between £5 and £30. Many theatres offer a limited amount of rush tickets, but it is a good idea to call ahead to make sure they actually sell rush tickets.