• Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Home
  • About
    • First Time Here?
    • Archive
    • London Blogs
  • Blog
  • Travel
    • London Theater Tickets
    • Shopping
    • Tips
    • Tours
    • Transport
    • Maps
    • Parks
    • Resources
    • Restaurants
    • Top 10 London
  • Culture
    • Art
    • Buildings
    • Food
    • London Books
    • Movies
    • Museums
    • Music
    • Pubs
  • Londonism
    • Reviews
    • Fun London
    • Iconic London
    • Life in London
    • London Realities
    • Moving to London
    • Politics
  • The Tube
  • London History
    • Great London Buildings
    • Great Londoners
  • Contact
  • Guidebooks
    • 101 London Travel Tips – Guidebook
    • 101 Free Things to do in London

Londontopia

The Website for People Who Love London

You are here: Home / News Features / Personal Finance Tips for Living in the Capital

Personal Finance Tips for Living in the Capital

Dec 10, 2019 By Jonathan

Moving to the capital? London is one of the best places to live as there is so much happening and an incredible atmosphere, but it can also be expensive. It can be a bit of a shock to the system at first (particularly if moving from somewhere much cheaper) but there are a few personal finance tips which will help you to make savings each month.

Live & Shop in Cheaper Areas

The first tip is to live and do your shopping in cheaper areas. London is an enormous city with many different boroughs and the amount that you pay for rent, food and other expenses can vary drastically. As you might expect, central London is the most expensive so it is a good idea to look on the outskirts for more affordable areas.

Shop Around for Best Deals on Bills

Bills are, of course, a necessary expense but you will be amazed at what you can save simply by shopping around and comparing. You can also reduce the amount that you spend by making a conscious effort to use less energy on a daily basis.

Travel

The transport system in London is excellent and it is easy to get to where you need quickly thanks to the tube. It can be expensive, though, which is why you need to find ways to make savings. This will include having an Oyster card and getting a railcars discount applied which can make your journeys much more affordable. Additionally, consider walking/cycling where possible as this is free, it is a good form of exercise and a great way to explore the capital.

Reduce Costs of Nights Out

One of the best aspects of London is the culture and nights out as London is home to fantastic pubs, bars, restaurants, clubs and other establishments with endless options for all tastes. It can also be incredibly expensive to have a night out on the town though which is why you should try to research places ahead of time to find cheaper places to go. You can also save money on socialising by having friends over/going to friends’ houses, going to the lovely parks in the summer or finding free activities to enjoy (there are always lots of good options).

Speak to Financial Independence Specialists

A smart move when you first move to London is to speak to financial independence specialists who will be able to provide expert advice on how you can be intelligent with your money and build towards a bright financial future while still enjoying your time in London.

London is an incredible city to live in but it can also be expensive and put a strain on your finances if you are not careful. These tips should help you to save money while living in London and still enjoy all the perks of living in the capital.

Share this:

  • Print
  • Email
  • Facebook
  • Twitter
  • Pinterest
  • Reddit
  • Pocket

Filed Under: News Features

About jonathan

Jonathan is a consummate Anglophile who launched Anglotopia.net in 2007 to channel his passion for Britain. Londontopia is its sister publication dedicated to everything London.

Primary Sidebar

Subscribe to Our Free London Updates

Free London News

Get the latest news on London history, culture, travel, exhibitions, and more right in your inbox!

Check your inbox or spam folder to confirm your subscription.

Get the Anglotopia/Londontopia App

Our Advertisers

If you are a mobile gamer, you may want to take a look at UK’s new mobile casinos and slots reviewed by NewCasinoUK.

Join the London Forum

  • MY FAVOURITE PLACE IN LONDON
  • What's Your Favorite Place in London?
  • Paddington Station

London Guide

  • London’s Non-Free Museums: Your Guide to London’s Museums That Charge Admission
  • Trip Planning: Top 10 Exhibitions To Plan Your 2018 Trips to London Around
  • London Guide: Our Favorite Restaurants in London – London Restaurant Recommendations for Americans – What’s Your Favorite?

Connect With Us

  • Facebook
  • RSS Feed
  • Instagram
  • Pinterest
  • Twitter

Support Londontopia

Search our Extensive Archive

Top 10 London

  • Ten Unusual Exhibits to See in London
  • London Pubs: Ten Thameside Pubs for a Pint and a View
  • Top 10 London: Ten More Things to Do Along the River Thames
  • Top 10 London: Top Ten Shopping Centers in London
  • Museums of London: Ten Overlooked London Museums
  • Top 10 London: Top Ten Things to See and Do in Haggerston
  • Top 10 London: Top Ten Things to See and Do in Haringey
  • Top 10 London: Top Ten Things to See and Do in Redbridge
  • Top 10 London: Top Ten Things to See and Do in Hillingdon
  • Top 10 London: Top Ten Things to Do in Canonbury

Recent Posts

  • Countdown to Elizabeth Line opening tomorrow!
  • National Gallery to bring together work from renowned artists for the first time in 2023
  • Flags Go Up on Regent Street as London Prepares For Jubilee Celebrations
  • Laura’s London: Exploring The Old Operating Theatre Museum and Herb Garret
  • New Tube map with Elizabeth Line published by Transport for London
  • UK PM Announces Support for Shelved North-South Crossrail 2 Line
  • Queen beams in sunshine yellow for surprise visit to open Elizabeth Line in London
  • Bank branch of Northern line reopens after ‘vital’ work to ease Tube congestion
  • London buses given purple makeover ahead of Platinum Jubilee
  • Ten More Interesting Facts about the Greater London Authority

Best Posts on Londontopia

  • 101 London Travel Tips
  • Top 100 London Attractions
  • How to Find the Cheapest Airfares to London
  • 10 Things NOT to do in London
  • Best London Guidebooks
  • 101 Free Things to do in London
  • London Lingo – A London Word Dictionary
  • Top 7 Tips for Doing London on the Cheap
  • Top 11 Myths American Believe about London
  • Guide to Eating in London
  • Best Times of Year to Travel to London
  • London Packing Tips
  • Top 11 Movies Set in London
  • Top Attractions off the Tourist Track
  • Top 5 Most Amazing London Hotels
  • Top 10 Hostels in London
  • Best Views in London Restuarants
  • London Taxi Ettiquette
  • Top 12 London Views
  • Great Fire of London
  • A Guide to Five of London’s Bridges
  • 10 Random Facts and Figures about Trafalgar Square
  • Top 100 British Slang Words

London Places to Explore

Bloomsbury Buckingham Palace Canary Wharf City of London Covent Garden Cutty Sark Greenwich Hampstead Hampton Court Palace Heathrow Houses of Parliament Hyde Park Imperial War Museum Islington Kensington Kensington Palace Leicester Square London London Eye London Transport Museum Museum of London National Gallery Notting Hill Piccadilly Circus Putney Queen Elizabeth Olympic Park Regent's Street Royal Academy Selfridges Somerset House Southbank Southwark St Pancras St Paul's Cathedral Tate Britain Tate Modern The City Tower Bridge Tower of London Trafalgar Square V&A Wandsworth West End Westminster Westminster Abbey

SIGN-UP FOR FREE LONDON WEEKLY UPDATES!

Please enter a valid email address
That address is already in use
The security code entered was incorrect
Thanks for signing up

Footer

About Londontopia

Londontopia is simply the website for people who love London. It was founded by Jonathan & Jackie Thomas from Anglotopia.net as a place to post articles solely focused on London and its environs. Keep up with all the latest London news at Londontopia! This site is geared towards people who love to visit London and our primary audience is North American but everyone is welcome!

When We’re in London Next

We don’t currently have any travel plans to London but hope to visit at some point in 2021.

  • SEO Backlinks
  • Travel Blog

SIGN-UP FOR FREE LONDON WEEKLY UPDATES!

Please enter a valid email address
That address is already in use
The security code entered was incorrect
Thanks for signing up

Copyright © 2022 Anglotopia, LLC · Website Developed by Anglotopia, LLC · Log in

loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.