London, and cheap, most people would say from experience that these words have a deep-rooted conflict between them. If you go and search for the most expensive places to live in, London will easily bag a spot in the top ten, if not the top five, and rightfully so. London is a beautiful city, that offers pristine architecture, the opportunity of upward social mobility as well as the promise of being a modern city packed with innovation.
The opportunity to construct a better life brings people from all walks of life to this city, making it a melting pot of diversity. But for most people, the cost of living is the biggest deterrent when it comes to having a more aspiring life. If you find yourself in a situation where moving to this bustling metropolis can guarantee you the opportunity of making a good living, but are afraid of the costs of living, then we have you covered.
In this text, we will explore all realms that can help you save some vital pounds and ensure that you thrive within this legendary city, without emptying out your pockets.
Let’s Talk Accommodations
First things first, the biggest chunk of your monthly expenditure will come from housing and bills. If you smartly choose a cheaper option that keeps you within the happening region and doesn’t take a huge toll on your wallet then you are good to go. Generally, the urban regions of London such as Central London, Belsize Park, and Muswell Hill are exorbitantly expensive. The vast majority cannot afford to live in these areas.
Your best bet is to look for areas that are a few miles away from the central locations and are situated in the outer boroughs. These regions are not fully developed but are definitely termed as up and coming. Also, do not fall into the stereotype of renting a one-bedroom or studio-flat as the demand for these is always soaring. Due to the unfavorable economics, the renter of these accommodations is always on the losing side of the bargain.
We recommend that you look for a shared rental property that can get you a single room, with a few other people. These will be much cheaper, and the money saved can be redirected to food and utilities.
Bills and House Utilities
After your rent comes the onslaught of bills. These range from water, electricity, gas, council tax, TV license to broadband. In this day and age looking for cheap and effective Broadband Deals can save you a lot of money that would otherwise be spent on digital entertainment such as TV subscriptions or mobile data connections. So, it is recommended that you evaluate the best deals and get a stable and high-speed internet connection.
Secondly, while looking for housing, you can also ask your estate dealer or use an online filter to search for places that have bills included. This way, you will have to separate a lump-sum amount for utilities every month, without worrying about the dynamic cost based on your usage.
Accommodations and utilities are the most expensive aspects of living in London. With the tips mentioned above, you can save some instrumental pounds from these expenses and use them for other essentials such as food and clothes. By saving some money every month, you can gradually improve your financial standing and live a stable life in an expensive city.