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Getting Smart about Money: The Student Budget

If you are considering London as a study-abroad destination, be prepared for a high cost of living that does not stop rising. Since London's soaring prices will affect every aspect of your lifestyle, it is a good idea to plan a budget and maximize savings so you are less financially constrained and can enjoy all the fun stuff that London offers as well. Here are some tips based on my own experience:


Accommodation in student halls tends to be the cheapest option. If you are considering renting a private property, notice that the value of real estate rises as you go towards the center of London, Zone 1. As you leave the center, Zone 3 properties are significantly more affordable.


If you do not live in a student residence hall, where you will usually have access to cheap meal services, then you will want to be selective when purchasing groceries. Tesco, Sainsbury's and Asda chains are cheaper than their Waitrose and Marks & Spencer counterparts. Buying online also gives you access to a wider range of products and discounts.


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