Living in London can cost a pretty penny! Sure, salaries are higher here to make up for that, but when you compare it to other UK cities or even worldwide, Londoners generally spend more to enjoy the same standard of living. While some costs like rent, transport, and food are unavoidable, there are clever and easy ways to save money while living in this vibrant city.
You could end up saving hundreds of pounds a year, and that’s money that could be used for other enjoyable things instead. One common oversight is sticking with the energy provider your landlord or the previous owner used, without shopping around for better deals. Websites like uSwitch and GoCompare can help you find lower energy prices.
Railcard discounts are abundant, and many don’t realize you can save a third on off-peak Oyster card costs by linking your railcard to it. Visit any underground station and ask how to attach the discount to your Oyster card. Everyone is eligible for a Network Railcard if you don’t fit into the typical railcard categories.
Try grocery shopping online to avoid the higher prices of convenience stores like Tesco Express or Metro, which charge more than larger supermarkets. Shopping online, especially for non-perishables, can lead to significant savings.
You can even score free cinema tickets to see major films before they’re released. This isn’t limited to indie films; all kinds of movies are available. Occasionally, you can also snag concert or theater tickets for free, although these aren’t as common as cinema offers.
When it comes to events, look out for early bird tickets, which are much cheaper than regular ones, so try to book in advance.
To save money on nights out, start at a more affordable bar or pub where drinks are cheaper, then move on to other venues later. You’ll be in a great mood without breaking the bank.
Check out Hot UK Deals and Bite Card for dining discounts, or use Open Table for deals at top London restaurants. By incorporating these strategies into your life, you can save more money while living in London, and who doesn’t like having extra cash?
