Minimum monthly expenses to live in London

Minimum monthly expenses to live in London

Oct 20, 2021, 2:19:50 PM Business

Before you start looking, it is important to understand the different types of properties available in Dubai. There are two types of ownership:


A question that always comes up to many people before coming to live in London is how much money is advisable to bring. Actually, this depends on many factors, but I am going to detail the main expenses so that you get an idea of ​​how much you will need more or less.


Coming to London with a good cushion of money is very important since living in this city is very expensive and if you do not come with a work contract from Spain, you never know how long it will take to find it, so prevention is better than cure. I know cases of people looking for work who have run out of a penny, they did not even have money to return to Spain and they have had to go begging and asking for food in the reception centers. This is an extreme case, but it shows how risky it is to come to London without a job and, above all, how important it is to come with a good reserve of money.


As I said, calculating monthly expenses is not easy since it depends on many factors, but to give you an idea of ​​how expensive London can be, I am going to detail the monthly fixed expenses which you are going to have to face if you want to reside in this city:


Yes, I have added correctly. I understand that this figure may be scary, but in reality, it is what it is, no cheating or cardboard. Living in London is very expensive. Also, keep in mind that these are the monthly fixed expenses that you will not be able to get rid of and as I am now going to detail, you will see that in some cases I have even thrown low.


In the case of renting, a room in a decent shared flat for £ 100 a week * is almost a bargain. For less money, you will only find shared rooms. The normal for a single room in a shared flat is between £ 100 and £ 150 a week, so the figure of £ 433 a month for rent is on the low side.


* Remember that to go from price per week to price per month, you do not have to multiply by 4. You have to multiply by 52 weeks and divide by 12 months. £ 433 a month equals £ 100 a week.


House expenses:

The monthly expenses of the house will depend on how many people you share the apartment with and how much you spend together, but more or less, about £ 10 for each concept I think is something reasonable. The council tax is around £ 120 per month per apartment, although in many cases the rental price is usually included. There are cases that some expenses are included in the rent, such as the internet, for example, so by this site, you may save something, but this implies that your rent will be a little higher since it is included or not in the price, you will always end up paying.


In general, paying £ 483 for an all-inclusive room is almost a bargain and hard to find, so this figure is on the low side.


Transport:


Regarding transport, £ 123.30 is the price of a monthly zone 1-2 travelcard in 2015. The normal thing is to live in zone 1 or zone 2. If you move out to live in zones 3 or 4, the rent will be reduced slightly, but then the cost of transportation will go up. In this concept, you can save a little, since instead of using the metro, you can choose to use only the bus for example. A monthly bus-only travel card costs £ 80.70 and is valid for all areas.


Food:


Food is a very difficult expense to calculate since it depends a lot on how much you eat, what you buy, and where you buy it. Anyway, I think that the figure I give of £ 150 is a good estimate since this equates to £ 5 a day, with which you have to have breakfast, lunch, and dinner. Although on second thought ... I'm still falling a little short and everything. Here I am obviously assuming that you always eat at home and that you buy in the cheapest supermarkets. If you plan to eat out, you will spend much more on food at the end of the month.


Mobile phone:


And regarding the mobile, I think it is an issue that I already have very crushed and a good voice and data rate for £ 10 like Giffgaff's you will not find anywhere. Nowadays living without a mobile is almost impossible, so you will not be able to get rid of this expense either.


Recommendations

Remember that these are the MINIMUM and FIXED MONTHLY expenses necessary to survive. If you plan to party a lot, have dinners, visit places and go sightseeing, obviously you are going to have to add up. London is a very expensive city and it is very important to come with a good cushion of money saved to be able to survive for about three months for what might happen. This is what I always recommend since you never know how much it can cost to find a job. You have to think that if you do not find a job soon, the expenses may eat you up.

Published by Marry Bell

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