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Seven tips for saving money while studying and living in London

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International students are often worried about the cost of living in London. However, there are many opportunities for students to save money.

Take a look at the tips below to make your money last longer in London.

1. Travel

Students in London are entitled to travel discount on London’s transport system. Using an Oyster Card (an electronic card that acts as your travel ticket) you can get a 30% discount on the tube, trams and buses. You can compare prices of the different travel options on the Transport for London website.

It is worth looking at a map to see how far your journey will be before deciding how to travel. While it may be easy to take the tube for one or two stops, the distance between stations is sometimes only a 10 minute walk.

Try cycling around the city by renting a bike from London’s cycle hire scheme. Cycle lanes are available on roads, and there is even a cycling superhighway in East London.

2. Books

Many university courses recommend certain books for each of your modules, which can add up to a large sum of money.

If you plan ahead, you may find course books in charity shops around your campus or university accommodation. You can also look for second-hand books online. Your university’s library will also hold a number of copies for students to borrow.

3. Food & Drink

London plays host to many cuisines and with so many delicious things to choose from, you are bound to spend money on eating out.

If you are looking for a cheap meal, there are restaurants in Chinatown where two people can dine for less than £20. There are also many restaurants with pre theatre menus which offer great value for money.

4. Shopping

Your student card gives you access to discounts in many high street stores. Ask stores if they offer student discount as some do but don’t advertise it.

London also has many markets selling affordable clothing. The most famous is Camden market, but it’s also worth going to Greenwich market, Borough market and Old Spitalfields. Remember to haggle as stall owners are usually willing to bargain.

5. Entertainment

London is also great when you need to save a bit of money as there are plenty of opportunities for you to have fun without spending a penny.

The National Theatre, for example, hosts a number of gigs and concerts for free. Free comedy nights can also be found in the summer, while the Royal Opera House hosts free performances at lunchtime.

6. Hair & Beauty

Some hair and beauty salons in London offer student discounts. To save even more money, book an appointment in a salon looking for hair models. Toni & Guy Hair Academy often looks for clients for their students to practice on.

7. Exercise

Rather than paying for a gym membership, why not take to the outdoors and exercise in one of the outdoor spaces? Hyde Park, Regent’s Park and St. James’ Park are the perfect places to run, skate, cycle, canoe or even play tennis.

Making slight alterations when living in London can help you make the most of your time in the city without having to worry about your finances.

Author Bio

Rachel Campbell is a content writer for Pure Student Living, providers of luxury student accommodation in central London.

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