Is It Possible for Students to Live an Economical Lifestyle in London?

London has a reputation for being home to some of the world’s top universities. This is where you can find the Imperial College London, University College London, and King’s College London among many others. For this reason, it is no surprise many students flock to the UK capital to study.

streetsMany, however, experience the shock of their lives when they realise how expensive it is to live in the city. For the year 2015, London ranks 3rd on the list of the most expensive cities to live in. And this figure is already an improvement; a few years back, London ranked first.

The city’s lifestyle can easily ruin your budget. If you don’t keep track of your expenses, you’ll find yourself running out of money every now and then. But you don’t have to let this happen in your case. It is possible to live frugally in this city – that is, if you know what to do.

Choose Your Housing Properly

First of all, get the proper accommodation for you. You may get by staying in your Uni’s halls, but you are better off living some place else. Hostels are your best affordable accommodation option in London, says You may also consider renting out an apartment with some friends.

Forget Spending on Books

New textbooks are not a necessity when you study in London. Sure, you need the references – but who told you it is important to buy them new? The Uni’s library surely has a lot of copies of whatever title you need, plus you can access them for free anytime you wish.

If you really need the books, look for other students who have finished the course you are taking. They would likely sell them to you at cheaper prices.

Learn to Cook

The cost of eating out can pile up, so it is important to learn how to cook your own meals. Pack your own lunch to avoid spending on cafeteria food.

Maximise All Possible Discounts

Student discounts are practically everywhere in London, especially when your Uni is a member of the National Union of Students. Keep an eye out on where you can save to lessen the price of your education.

Yes, London is an expensive city; but no, you do not have to go broke just to study here. With the proper discipline and mind-set, it is possible to live economically in the UK capital.