{"id":2408,"date":"2019-06-02T14:30:54","date_gmt":"2019-06-02T14:30:54","guid":{"rendered":"http:\/\/www.helloacasa.com\/acasa-blog\/?p=2408"},"modified":"2019-07-25T14:06:58","modified_gmt":"2019-07-25T14:06:58","slug":"how-to-budget-as-a-university-student-in-london","status":"publish","type":"post","link":"https:\/\/www.helloacasa.com\/acasa-blog\/2019\/06\/02\/how-to-budget-as-a-university-student-in-london\/","title":{"rendered":"How To Budget As A University Student In London"},"content":{"rendered":"<p>London is one of the most exciting cities you can live in as a young person and is home to some of the world\u2019s best universities. It\u2019s unsurprising, then, that so many students choose to come to London to get a world-class education.<\/p>\n<p>But it\u2019s no secret that life in London doesn\u2019t come cheap. In fact, it\u2019s currently ranked as the world\u2019s 22nd most expensive city to live and work in.<\/p>\n<p>To afford the capital\u2019s sky-high rents, transport costs and food and drink prices, you need to be good at money management. acasa has put together this guide to budgeting as a university student in London to make sure everyone can make the most of the city\u2019s incredible opportunities.<\/p>\n<h2>Basic costs<\/h2>\n<p>First, let\u2019s break down what you need to pay for. There are some costs in London that are inescapably high, no matter how smart and frugal you are. Your heftiest costs are likely to be:<\/p>\n<ul>\n<li><strong>Rent:<\/strong> The average for a double room in a house share is around \u00a3600 by most estimates, but this will vary depending on location and room size<\/li>\n<li><strong>Utilities:<\/strong> Based on average output, a four-bedroom house would have a dual fuel bill of \u00a31,163 per year or \u00a397 a month, which would be split between the occupants.<\/li>\n<li><strong>Transport:<\/strong> Londoners spend around \u00a3700 on transport every year. Transport for London offer discounted rates for student travelcards.<\/li>\n<\/ul>\n<p>Luckily, water is actually one of the only things that\u2019s cheaper in London than in other parts of the country! Thames Water\u2019s average price for metered customers is only the 12th most expensive in the country at \u00a3440 a year. This is less than half of the \u00a3943 per year that customers served by the most expensive supplier, South West Water, find themselves paying.<\/p>\n<p>You\u2019ll also need to set aside a few hundred pounds for groceries every month as well as any subscriptions you may have, such as Netflix or Spotify. Anything that\u2019s left over after this will likely go towards nights out, membership to various university societies or miscellaneous spending!<\/p>\n<h2>Shared house<\/h2>\n<p>You\u2019re likely to be living in a shared house, so you\u2019ll be splitting utilities costs with your flatmates. We can\u2019t underestimate the importance of having a fair and foolproof system in place for sharing these expenses between you. Everyone who\u2019s ever lived in a shared house at university has their own horror story about a housemate who was late or flat-out refused to pay for their share, forcing others to cough up on their behalf.<\/p>\n<p>More and more students in London are using bill-splitting apps to clearly divide the costs, hold people accountable for their share and minimise the burden on a single flatmate\u2019s shoulders if someone decides not to pay.<\/p>\n<h2>Part-time work<\/h2>\n<p>It\u2019s likely that to cover your costs and have a little left over for yourself, you\u2019ll need to take on some kind of part-time job. It\u2019s rare to meet a student in London who hasn\u2019t got some kind of side-hustle or an allowance from their parents to help them make ends meet.<\/p>\n<p>Luckily London is a hub for pretty much every industry in the country and you should be able to find everything from part-time admin work to food service. Most universities have well-paid jobs available at the student union that fit in around your classes. If you\u2019re lucky, you may even be able to find work in your field of study!<\/p>\n<h2>Use acasa<\/h2>\n<p>acasa is a bill sharing app designed for anyone living in shared accommodation, whether that\u2019s as a student, with a partner or with a group of friends. With acasa, you can avoid unnecessary conflict around splitting utility bills with our direct billing and balance tracking systems. Download acasa on iOS or Android, get a free quote for your property.<\/p>\n<p style=\"text-align: center;\"><a class=\"btn btn-lg btn-success\"  href=\"https:\/\/app.helloacasa.com\/enter-your-postcode\" target=\"\">Get a free quote<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>London is one of the most exciting cities you can live in as a young person and is home to some of the world\u2019s best universities. It\u2019s unsurprising, then, that so many students choose to come to London to get a world-class education. But it\u2019s no secret that life in London doesn\u2019t come cheap. In [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":2409,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,9,15,18],"tags":[],"class_list":["post-2408","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-house-sharing","category-personal-finance","category-sharing"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How To Budget As A University Student In London | acasa<\/title>\n<meta name=\"description\" content=\"Are you gearing up to start a degree in London? 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