London is one of the most vibrant, thriving and exciting cities to live in the world. It is also one of the most expensive. 💷
Coming from Sydney, I was confident the high cost of living wouldn’t be painfully obvious. I was mostly wrong.
Steep rent, public transport and bills (some, you’ve definitely never heard of) coupled with generally lower wages takes some getting used to. After your first few pay cycles, you’ll start to work out what you can afford and what’s best to enjoy in moderation.
While you work out your budget, here are some tips for scrimping and scraping without missing out. 👌
Food and groceries
Bottomless brunch and covering the next round of drinks can stack up quickly. Fast food is cheap, but you can easily achieve a healthy and sociable lifestyle:
- £3 meal deals are a convenient mid-week lunch or breakfast to go. They typically include a sandwich, bottled drink and packet of crisps
- Packaged salads and sandwiches at supermarkets are great for healthy convenience, but costs much less if you meal prep at home 🧑🍳
- Cafe loyalty cards offer freebies or discounts over time. Following your favourite places on social media is also a great way to spot a giveaway
- Supermarket prices can vary a lot. Opt for cheaper groceries at Lidl, Aldi, Asda and Morrisons
- Yellow stickers typically signifies a reduced price item which is perfect for a sandwich or sushi roll to be consumed that day.
- London Bus and London Overground services are the most affordable options (aside from walking!)
- Off Peak fares apply outside of rush hour periods, and avoiding Zone 1 when using the Tube is also cheaper
- The Santander Cycles cycle hire scheme are also affordable and accessible with thousands of docking stations located in zones 1-3 🚲
- Cycle to Work scheme offers significant discounts on purchasing a bicycle, so it’s worth checking if your employer has one.
Rent and bills
Well, let’s get this one over with like a bandaid: renting in London is ridiculous. Paying up to half your salary for a “cosy” room sharing with random people with varying hygiene standards and noise tolerance levels gets old fast. 🙃
While you don’t always get what you pay for, these tips can help ease the pain:
- Rent is typically cheaper in East London and South London
- Avoiding Zones 1 and 2, and often depending on the area 3, is a good rule of thumb but bear in mind public transport costs increase the further out you live
- Living within a 10min walking distance of a Tube station will drive the rent up. Consider moving to an area with good transport connections to Central London or your office via bus, Overground or Docklands Light Railway
- Not all council taxes are created equal so it’s worth taking into consideration
- Opt out of paying for a TV licence and avoid doubling up streaming subscriptions. You can split the cost between your flatmates 📺
- Central heating can easily double your bill in the cooler months. Substitute it for warm indoor clothes and a good quality duvet from autumn!
Socialising and sightseeing
Enjoying all London has to offer is hugely appealing; while it’s important to treat yourself to a West End show from time to time, there’s plenty of affordable options to keep you entertained:
- London hosts some of the best museums and galleries in the world, and almost all of them are free to enter
- Panoramic views of the city are free from Sky Garden and the Viewing Level at Tate Modern
- Standing tickets are just £5 at Shakespeare’s Globe Theatre
- Pubs and bars often host cheap trivia nights, comedy sessions and theatrical performances
- London’s many stunning parks are perfect for picnics and outdoor fitness 🏃
- Food markets or food halls are a great location for social gatherings as there’s a variety of options to suit everyone’s tastes and budget
- Lunch time menus are typically cheaper than dining out in the evening
- Rush tickets are a great way to bag cheap tickets for live and theatrical performances
- MeetUp and other online groups offer socialising and free or cheap classes.
Fashion and beauty
London is considered a fashion capital of the world. If you’ve ever wandered down Oxford Street and Regent Street, you’ll see why! Fast fashion is the name of the game, but your wardrobe doesn’t need to be at odds with your wallet:
- Bag a bargain for a good cause at a charity shop
- Shop sustainably at London’s vintage and retro markets
- Use an app like Vinted or Depop to find your next secondhand treasure 👗
- Student discounts are available at many major retails (and food vendors) so make sure to flash your ID card
- Get your hair cut for free or coloured for a significant discount with salons like TONI&GUY who need hair models for their apprentices
- Check Groupon or similar services for beauty package deals to get your nails, waxing and more for less.
Health and fitness
While bottomless brunch beckons, it’s important to balance binging with regular physical activity. Affordable options include:
- Streaming online workout videos
- Free trials at gyms and fitness centres are a great excuse to try something new. Barre, anyone?
- Joining a local fitness group. There’s loads of hiking, yoga and other social groups running cheap or free sessions
- Cooking at home and freeze portions to have something healthy on hand when hunger strikes
- Reading my guide for avoiding the Heathrow Injection! 💉
Holidays and travel
European holidays and local trips in the UK are a hugely appealing reason for being located in London. With multiple airports and international rail, it’s also hugely accessible. Here’s how to bag a bargin:
- Score cheaper airfares by travelling mid-week
- Shop around for fares, tickets, rooms and rentals online
- Flights and accommodation are generally cheaper in shoulder seasons (off-peak)
- Student discounts apply for most airlines and travel packages
- Learn the basics of a new language via app or a free language exchange.
How to do keep your finances under control in London? Share your hot tips and hacks in the comments below! 👇
More in London
Keep the spirit of your last summer holiday alive with the best Greek food in London. 🍋
From council tax to limescale, these are the things I’ve learned about living in London. 💂
London in warm autumnal hues coupled with fun activities and events will make you think twice before swapping hiking boots for slippers. 🍂
Packing all your worldly possessions into a suitcase might seem impossible but it doesn’t have to be. 🧳
Tried and true blue Australian brunch hotspots in London. ☕🥑🍳
As scary as it sounds, the Heathrow injection doesn’t actually involve anything sharp. 💉