Students@studios2let.com+44 (0) 20 7486 9020
Student studio accommodation in London - logo file
Find Accommodation

How to Save Money as a Student in London

How to Save Money as a Student in London

London is a fantastic place to be a student. There's so much to see and do, and the city has a truly international feel. From world-class museums and galleries to iconic landmarks and historic buildings, there's something for everyone to enjoy.

And with world-renowned universities like King’s College London and the University College London located nearby, there aren’t many places better to study. Whether you're looking for vibrant nightlife or a thriving cultural scene, London has it all.

But London is also one of the world's most expensive cities, making it tough to afford as a student. Luckily, there are plenty of things you can do to keep costs down and save money as a student in London. From finding affordable student accommodation to making the most of discounts. To help you out, we’ve put together 8 of the best ways to cut costs in England’s capital city.

8 Ways to Save Money as a Student in London

London is a fantastic student city, but it can also be a costly place to live. As a student, finding ways to save money without sacrificing your quality of life can be tricky. But several simple tricks can help you keep costs down and make the most of your London experience.

1. Find Affordable Student Accommodation

Affordable Student Accommodation in London

Accommodation is likely to be one of your biggest expenses when you're studying in London. Finding affordable student accommodation is a great way to save money.

One of the most significant expenses for students is accommodation. While it’s important to find a comfortable place that suits your needs, it’s also important to find an affordable option. There are a few ways to do this beyond living in a university hall of residence.

One of the best ways to cut costs is to look for private student accommodation. These places are usually cheaper than regular flats or houses. Plus, most of them are all-inclusive, which makes budgeting much more straightforward.

Another way is to look for shared accommodation. This can be a great way to reduce costs as you will only be responsible for your portion of the rent and bills. It’s important to remember that while shared accommodation can be cheaper, you won’t know who you’ll be living with, which can cause issues down the line.

Finally, consider living in a less expensive area. While this may mean that you have to travel further for university, it can help to reduce your overall costs. For example, say you’re going to study at UCL in Bloomsbury, you could look at student accommodation in Hampstead to keep costs down.

2. Make the Most of London’s Free Attractions

Free London Attractions to save money as a student

London is full of amazing attractions like museums (pictured: Imperial War Museum), galleries and landmarks that are free to go to.

As a student, it can be tricky to find ways to enjoy all that London has to offer without breaking the bank. But there are plenty of free attractions across the city that are perfect for students on a budget. From world-famous museums to beautiful parks and historical landmarks, there’s something for everyone to enjoy.

One of the best things about London is its rich history and culture. There are countless museums and galleries to explore, many of which offer free admission. The British Museum, Natural History Museum and Tate Modern are just a few must-see attractions that won’t cost you a penny. If you’re interested in art, architecture or simply want to learn more about London’s past, these museums are definitely worth a visit.

If you’re looking for some outdoor space to relax in, there are also plenty of green areas to explore. Hyde Park, Green Park and Hampstead Heath are just a few of the capital's many beautiful parks.

3. Find Cheaper Ways to Get Around

Ways to get around London as student

While London is famous for the Tube, there are plenty of other, cheaper ways to get around the city.

Students in London have a lot of options when it comes to getting around the city. The most popular way to get around is by using the Tube, which is an efficient and convenient way to get around.

But students can also save money by taking advantage of other transport options. For instance, students can use a student Oyster Card to save money on bus fares as it caps your daily costs to around £5.

But walking and cycling are great options if you’re looking to explore and see more of the city. Students can take advantage of the “Boris Bikes”, which are bicycles that can be rented from docking stations around the city.

4. Don’t Dismiss Discounts

London student discounts

Most shops, restaurants and bars offer student discounts in London. If you're not sure if there's a discount, just ask.

If you're a student in London, there are plenty of discounts and offers available to help you make the most of your money. For example, many museums and galleries that don’t have free admission offer reduced ticket prices to students, and many theatres offer discounted tickets.

You can also get discounts on travel, food, and other essentials by signing up for a student card such as an NUS or ISIC card. And if you're looking for a bargain, don't forget to check out the student union shops at your university or college – they often sell items at a fraction of the regular price.

Be on the lookout for student discounts whenever you’re out and about in London, as most places will advertise them. And if you’re not sure whether somewhere offers a discount, don’t be afraid to ask them.

5. Eat Cheap and Do Meal Prep

Meal prepping to save money as student

Meal prep is a great way to save money on food. Cook up your food in batches to save money and food waste.

Students on a budget in London have a few options when it comes to eating cheaply. One option is to cook at home using ingredients from local markets. This can be a great way to get familiar with London's diverse food culture.

Another option is to take advantage of the many discount restaurants and cafes scattered around the city. These places typically offer good food at reasonable prices.

Students can also take advantage of the numerous free or discounted events often held in London. From food festivals to cooking classes, there are plenty of opportunities to learn about and enjoy London's culinary scene without breaking the bank.

6. Create a Budget and Stick to It

Creating a student budget to save money

One of the best things to do as a student in London is to create a budget and, importantly, stick to it.

As a student, money is probably one of your top concerns. After all, tuition and living expenses can be pretty pricey – especially if you're studying in a city like London. But don't worry, there are plenty of ways to save money as a student in London. One of the best things you can do is create a budget and stick to it.

Start by listing your necessary expenses, such as tuition, rent, food, and transportation. Then, look at your spending habits and see where you can cut back. For example, maybe you can cook at home more often instead of eating out. Or perhaps you could use the bus instead of taking the tube everywhere.

Once you've created your budget, stick to it as closely as possible. That way, you'll be able to enjoy your time in London without breaking the bank.

7. Get a Part-Time Job

Getting a part-time student job

Getting a part-time student job in London is a great way to earn a little extra money and good employment experience.

Technically this isn’t a way to save money as a student in London, but finding part-time work can be a great way to help cover the cost of living and studying in London.

Whether you're looking for paid internships, part-time jobs or volunteering opportunities, plenty of options are available. Plus, you’ll be able to bolster your CV and experience, which is invaluable when you finish university.

The best place to start your search is on the internet, using sites like Indeed or Reed. You can also check with your university's careers service, as they may have listings for part-time jobs in London. Once you've found a few potential positions, tailor your CV and cover letter to each role.

While getting a part-time job is a great way to make some extra money, be careful that you don’t overextend yourself. At the end of the day, you’re in London to study, and you don’t want your job to affect your grades. Striking a work/life balance as a student is tricky, but it’s vital for a good London university experience.

Find Affordable Student Accommodation in London with Student.Studios2Let

Affordable student accommodation in London

Student.Studios2Let has affordable private student accommodation across multiple locations in London.

If you’re planning on moving to London to study at one of the city’s prestigious universities, you’ll need to find affordable student accommodation. At Student.Studios2Let, we manage and rent affordable student accommodation in London. We make renting in London simple with fully-furnished and all-inclusive studio apartments.

Our experience and expertise within the student accommodation industry mean that we can provide you with the best advice on finding affordable private student accommodation in London. So if you need any extra information or advice, please don't hesitate to get in touch, and we'll be more than happy to help.

Book Student Accommodation
Categories
Tags
London Student Accommodation
Over 400 studios, 10 buidlings, 24/7 maintenance, bills and free Wifi.  Find a home near London's major universities with Studios2Let.
View Studios
crossmenu