Budgeting in London

So as we all know, London is expensive. Think New York expensive times two, because the dollar is like half the value of the pounds. So, assuming not everyone reading this has a money tree or large stock in the Apple company, budgeting tips are extremely helpful when you’re in London!

Tip #1: You can’t do everything. I know this one sucks, because of course studying in London is a once in a lifetime opportunity, and you want to be able to experience everything. And although you’ll want to travel every weekend to another country or eat a different cuisine every night, you just can’t do it. Say no to that weekend trip you don’t need to take, or that amazing vintage dress, or to going on the London eye for the 3^rd time. You need to save money to eat – you’ll come to London again, it’s not going anywhere!

Tip #2: Have a budget. This one is hard to keep to, since things will naturally pop up that you’ll want to do, but try to stay on a budget every week. Put aside money for basic needs like groceries and tube money, and then have a bit of extra money for fun.

Tip #3: Take advantage of NYU trips and activities. NYU offers SO MANY great daytrips and activities for FREE! Take advantage of them, and you get have amazing experiences without the cost! (Like the London eye, west end shows, tours of famous places in London etc)

Tip #4: RESEARCH before buying flights for travel. I cannot express to you how important this is. Being lazy and booking the first flight will not pay off. Use skyscanner.com and hostelworld.com to find the best deals, and you’ll save money in the end to spend on souvenirs!

Tip #5: Eat Ramen. A lot of Ramen.

Hope these tips help! I’m trying to remind myself to use them J