SAVING MONEY IN LONDON DURING THE SUMMER
If you are reading this, then you are probably thinking of spending your summer in London and if that’s the case, then you are in the right place!
London is great city to spend the summer and it doesn’t have to cost and arm and a leg, so keep reading for our top tips to do this on a budget.
1. London is the MOST EXPENSIVE city in Europe
One of the first things you need to know and understand PERFECTLY is that London is veeeery expensive. In fact, London has been named the most expensive city in the world for the third year in a row when it comes to renting !
So my advice would be to choose your accommodation wisely
2. Cheap & Smart Accommodation
Many among you will make the mistake of staying in a hostel until finding a room to rent in London, thinking that it is the cheapest and safest option.
Well, you could not be more wrong!
By doing that you only find yourself stuck in a hostel until you find a place, which can take up to 4 weeks (if you are lucky)! So you do the maths, an average hostel night in London costs £25/night
So £25 x 7 x 4=£700/month
You end up paying, £700 in your 1st month for a place that :
- Is not yours (I am not even including food and transport)
- A place that you have not even secured with a deposit (Which you will have to when you find a new place)
Note: In London, it’s very difficult to find a place for a few weeks or a few months. Landlords will tend to ask for a minimum stay of 6 months and also require a proof of employment or ask for a guarantor.
In order to avoid that situation, I would definitely recommend that people book accommodation BEFORE arriving in London.
The best way of doing that is to find companies that actually give you the possibility of booking online before your arrival.
One of them is Bethnal Student Living, a residence based one stop from Liverpool street which gives the possibility to customers to reserve a room (by paying a holding fee of £200 ) that will be deducted from the first month’s rent.
The advantages of this residence is that they only ask for a minimum stay of 4 weeks, they don’t ask for a guarantor and, thanks to them, you will manage to make tons of friends who will be just like you – new in London!
3. Getting by in London
London is a very biiiiiiig city and you will probably get lost, especially if you come from a small town. On my first day in London, I was so shocked because everything was so big and so wide. But thanks to an app called City Mapper, I found my way quite quickly. This app is literally a life saver that tells you which trains or buses to take to get from one place to another!
4. Public Transport in London
As mentioned above, the Citymapper app will help you avoid getting lost more than once but you should also consider the cost of moving around in London.
A way of saving money in London is to get the Oyster card that most Londoners have.
That Oyster Card costs £5 and once you have it, you can top it up whenever you want to (depending on the frequency of your travels).
If you travel every day, it would be better to invest in a weekly or monthly travelcard on your Oyster.
For more information, I definitely recommend a look at the trains and fares in London website:
Now that you know a little bit more about London, I hope these little tips were helpful.
I wish you all the best for your adventure!