Summary
The cost of living in London is notably high.
While salaries in London are elevated to correspond with these expenses, individuals living in London typically incur significantly higher costs to maintain comparable living standards with residents in other cities across the UK and worldwide.
Certain expenses, such as rent, transportation, and food, are unavoidable.
However, there are various strategic and relatively straightforward approaches to economize in London.
1.) Change your energy provider
This could potentially save you hundreds of pounds annually, funds that can be allocated to more essential needs.
Many London residents tend to maintain the energy provider selected by their landlord or prior property owner, often overlooking opportunities for better energy contracts.
Online platforms such as uSwitch and GoCompare serve as valuable resources when seeking advantageous energy rates.
2.) Get a railcard discount on your oyster card
Numerous railcard discounts are available; however, many may be unaware that applying a railcard discount to an off-peak Oyster card can yield an up to one-third reduction in costs.
The most evident railcard discount can be sourced from www.railcard.co.uk. For those who do not meet the criteria for the five primary railcard categories, a Network Railcard is accessible to all (additional details can be found at Network Rail).
To take advantage of this, visit any underground station and request that the ticket operators attach your railcard discount to your Oyster card; more information is available on the Transport for London website.
3.) Shop online
Conduct your grocery shopping online to avoid the additional costs associated with convenience stores.
Stores like Tesco Express and other convenience outlets are plentiful in London; however, it is noteworthy that their prices are generally higher than those found at larger retailers like Tesco.
You are paying a premium for convenience, thus opting for online shopping may yield savings, particularly for items with a longer shelf life.
This also applies to essential goods, which are often more expensive in convenience stores than when purchased online.
4.) Sign up for ShowFilmFirst
This service offers complimentary cinema tickets for pre-releases of films prior to their general debut in the UK (find out more).
It is important to note that this program includes a broad spectrum of films, not confined to niche or independent projects.
Countless free screenings can be enjoyed, as this service provides early access to view films before friends or the general public.
Occasionally, there are also free opportunities for concerts and theatre tickets, but these are rarer compared to cinema tickets.
5.) Be an early bird
When tickets for events in London are made available, early bird tickets often provide an economical option (typically lower in cost than the standard fare). It is advisable to secure your tickets as soon as they are released.
6.) Start a night out in a cheaper bar/pub
To maximize your budget for a night out in London, consider commencing your evening at a moderately priced bar or pub to enjoy a few rounds at lower prices.
This tactic not only enhances your merriment but also preserves your finances!
7.) Dine out for less
Explore discount opportunities on Hot UK Deals website or consider obtaining a Bite Card to assist in reducing meal costs while dining out.
Additionally, platforms such as Open Table can offer significant discounts at some of London’s esteemed dining establishments.
By integrating any of these strategies into your routine, you are likely to find yourself with increased disposable income in London – which is certainly beneficial!
15 Of The Best Areas In London You Have To Visit
