Student Life In London
Student life in London is exciting but busy and it can be a big change from what you are used to especially in terms of costs. To help you manage your expenses, we have compiled some tips to help you budget easily during your time in London.
Tips on managing money
A little research will go a long way in helping to stretch your money. The web is the perfect place to start for tracking down special offers – Student Beans and Save the Student (their guide to student bank accounts) are two useful sites.
Here are some tips:
- Study resources, most notably books, can be purchased second hand on a number of websites, saving a great deal of money.
- Students can buy discounted public transport Oyster cards, and London has a bike scheme (see Transport for London for details).
- Make the most of London’s events and venues – it’s the ideal way of experiencing the city without denting your budget. TimeOut Magazine is generally a good resource for up-to-date information on free events.
- There are numerous opportunities for students to work part-time in London, and a good way of doing this is to register with a local temp agency. Working part-time is a great way of covering living costs, although it is important that this work does not affect your studies.
- Invest in a decent cookbook (NCH creates a free yearly cookbook for students so keep an eye on your emails for a copy of this!) or research some recipes on Google and head to the local supermarket on a full stomach with a list in your hand. If you plan your meals for the week, you will save on impulse buys. Pack a lunch to save money.
- Finally, don’t forget that help is always at hand – our student support team will be happy to share with you their knowledge of how to survive the not-so-mean streets of London.
Cost of Student Living in London
This is a rough guide to how much you might expect to spend on a weekly basis during your time in London. Aside from accommodation, living expenses will generally take up the majority of your budget. Of course, this is entirely dependent on the kind of lifestyle you lead and the amount of money you like to spend. Our student support team will always be on hand to offer advice and to help you to keep your finances in check, and will keep you updated with all the very best deals this amazing city has to offer.
We anticipate the following will be a sufficient weekly budget for living costs for an average student lifestyle in London. The weekly budget costs are an average and you may spend less or more, depending on some a variety of factors and money saving tips.
We recommend that you use the excellent library facilities available to our students and that, where possible, you purchase your books from second-hand book shops or buy second-hand books online to minimise your expenditure.
Use a budget calculator to ensure that you aren’t spending more than you should.