Real Estate, Home Improvement, Advice Planning On Living in London? Here Are Some Handy Money Saving Tips, One of the things that London is most synonymous with is money, including the many opportunities to make a healthy amount of it for you and your family, but also the lack of it that you may have in your pocket in your first few months in the city.
Thankfully, ISLAND's desirable Apartments To Rent In Croydon offer a genuinely attainable London skyline lifestyle. But to help you further, we thought it would be beneficial to compile a list of money-saving tips to consider if you choose to move to London. Be wise with where you choose to live As a general rule, the closer you get to the center of London, the more the cost of living will rise.
One of the ways to combat this is by living somewhere slightly away from the center, such as Croydon. The difference in rent can be phenomenal, and you’ll also most likely find yourself paying less for day-to-day activities. Of course, accessing central London is easy and can be done by various means of transport, most of which will only cost you a few pounds a day.
Take advantage of available travel discounts On the topic of transport, its use in London is essential to get from A to B, especially if you have to commute to work. However, what many people do not know is that there is a range of discounts for which they can apply. Those who are under 18, a student, elderly or disabled may qualify for special rates, while several other forms of railcard are on offer to regular users.
It’s worth the investment, as you never know where a day in London could take you. Thriftiness never hurts a soul To counteract the costs of necessities such as food, rent, and transport, you should aim to cut back on the things that you can reasonably easily live without. Spend time in free parks, galleries, and museums instead of paying for tourist attractions, have friends over for dinner and drinks instead of splashing out on a costly night out every week, and search for discounts on leisure, transport, and other luxuries where you can – it’s hard, but you’ll thank us later.
Our remaining apartments and penthouses at the elegant 20-story ISLAND are extremely sought-after and won't be available for long! Contact our friendly team now to learn more about how you can secure your new home in one of the world's most exciting metropolises.
What's the annual average cost of living in London?
For a single person, the cost of living in London goes up to £2892 per month.
The annual average cost of living in London for a single person is £34,704, or £2,892 per month. For a family of four, the monthly cost rises to £4850. As you can see, compared to the national average cost of living, London is an expensive place to live.
Some main cost types that make London much more expensive than the rest of the country include:
- Rent: £2219 per month (Average across London for the beginning of 2021)
- Public transport monthly ticket: £146
- Taxi fare for a 5-mile journey on a business day: £26
- Dinner for two in a London pub: £37
- 2 theater tickets: £171
- 1 cocktail in a club: £11
- 1 pint or 500ml of beer: £5.20
Pro Tips to move to London:
It’s best to arrive during winter.
Don’t forget to dress warmly.
Accommodation in London is very expensive.
Search for like-minded people ASAP
Beware of the shady landlords
Stay vigilant when looking for roommates.
Be clear with your flatmates.
Take your roommates to a pub.
Avoid unnecessary expenses
Get on a scooter.
Remember to stay in shape.
Boris bike is also an option.
London’s Underground is controversial.
Get your passes in order.
London’s storied red buses are still awesome.
Turn the heating down
Make sure lights are always turned off
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