Frugal Living UK: 46 Tips to Save More - Saving in London City (2024)

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SAVING MONEY

by Taryn Duhig August 13, 2022January 11, 2024

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There is a lot of pressure these days to have it all; flash cars, designer clothes, the newest brand of make-up.

However, by shopping mindfully, using up what we have, and utilising free or cheap activities, we can still have an excellent quality of life, for less.

In this article, I will be covering 46 tips for frugal living in the UK to help you save money, while living a simple and stress free life. Who wants to keep up with the Jones’ anyway?!

Let’s get into the list…

Frugal Living UK: 46 Tips to Save More - Saving in London City (2)

Image credit: Canva

Frugal Living UK: 46 Tips to Save More

Frugal Home Life

  1. Regularly check for electronic household items left plugged in or on standby, unplugging any you are not using to reduce your energy bill.
  2. Invest in draft blockers to keep your rooms warmer, or make your own. For a simple solution, fill a long sock with rice and tie off the end for an easy DIY version.
  3. Buy cosy blankets and store them close to your sofa, to avoid reaching for the thermostat
  4. Try making your own affordable, eco-friendly cleaning products; a really simple one to get you started is a basic cleaning spray (1/2 cup of white vinegar, 2 cups of water and a fragrance of your choice – essential oils or spare lemon rind both work depending on what you have to hand)
  5. Utilise your freezer to the max! Almost all food and drink can be frozen. Make the most of these frugal food hacks to reduce food waste and shop smarter.
  6. Arrange a swap club with your friends and family, and exchange items (this idea is particularly great for families with children who are forever growing out of their clothes or toys!)
  7. Invest in radiator heat reflectors to reduce heat loss and keep your home warmer during the winter months (or DIY your own using tin foil!)
  8. Save energy by measuring out the water in your mug(s) before pouring into the kettle rather than guessing, and boiling too much water
  9. Use a timer and set to 4 minutes when showering to use less water. Place your timer inside the bathroom but outside the shower, so you need to get out to reset the timer!
  10. Turn down your thermostat by 1 degree and see if you feel a difference. This will reduce your heating bill, and you may not notice a change.
  11. Turn off your hob a few minutes earlier when cooking and let the residual heat continue to cook your food

You might like: What to do if you have no money for Christmas

Thrifty Entertainment

  1. Look for Little Free Libraries in your area for free books, or if you are feeling crafty, make your own for your local community to enjoy (plus you get first dibs on books)
  2. Make the most of free trials. Films, books, food; I have probably tried them all. Just remember to cancel, or pay the price!
  3. Ditch the gym membership and take advantage of free exercise classes on YouTube, participate in your local Parkrun or download the Couch to 5K app.
  4. Alternatively, claim a free day pass at your local gym, for complimentary use of the facilities. Some gyms have pools and even sauna’s for you to enjoy – for free!
  5. Look out for a local walking or yoga group via Meet Up
  6. Set up a book exchange
  7. Look out for free booze offers and save money on drinks
  8. Buy 99p Kindle books or try the Libby app for free reads
  9. Sign up to be a seat filler to see theatre or TV show filmings for free
  10. Check out your local council or library website for free community events and activities

Buying Less

  1. Set up a Facebook or Whatsapp group for your local area, road or building, to give away or swap items you no longer need. This will benefit the community, and you might pick up a few freebies too!
  2. Sign up to apps which offer free food and take full advantage
  3. Buy items out of season, as they are least likely to be in demand, and therefore sold at some of the cheapest prices – e.g look out for fans and garden furniture in the cooler months, Christmas decorations in January, and electric blankets or heaters during the summer for instance
  4. Sign up to freebies via Sopost offers, which can be spotted on Facebook or shared by money saving instagrammers who post freebies to their stories. Follow my instagram account for deals and freebies
  5. Source secondhand furniture on Gumtree and Facebook marketplace for free
  6. Find the cheap charity shops (£1 Charity shops exist!)
  7. Womble receipts (a term for collecting discarded receipts!) and load them to your receipt scanning apps for cash
  8. Agree a birthday gift budget or suggest ditching gifts to spend quality time with loved ones instead
  9. Split the cost of more expensive items that are only used occasionally; lawn mowers, carpet cleaners, jet washers etc. could be bought and shared within a family, taking turns in using the items and splitting the costs.
  10. Borrow occasion wear from friends. How many times are you going to wear a fascinator realistically?! Lend your outfits or accessories to friends too, and cut down the cost per wear of your fancier items

Frugal Lifestyle

  1. Take on a spending challenge such as a Low Buy Year with the mission to use up what you have. You will probably be surprised at what you already own
  2. Find free tap water using app Refill – find free tap water on the go at over 30,000 places across the UK. Never buy a bottle of water out again!
  3. Car share on your way to work and cut down on your petrol usage. Did you know you can rent your car out to those in your local community to make some extra cash, too?
  4. Offer to product test items via testing sites; some of the best include Tesco Panels, Home Tester Club, etc.
  5. Learn how to do simple repairs or DIY tasks yourself. Tutorials to learn how to fix your bike, to wallpaper and paint your home, to sew holes in your clothes and more, all can be found on Youtube
  6. Get a beauty treatment for free. La Mer are currently offfering 15 minute facial treatments, completely free
  7. Join the Glamour beauty club for free make up samples
  8. Take turns in hosting your friends for dinner instead of going out
  9. Practice mending your clothes instead of throwing them away, or look into visible mending
  10. Sign up to mailing lists to get birthday freebies
  11. Don’t automatically renew your phone contract. Look into your options, sim deals tend to be cheaper (I currently pay £6.12 per month!)
  12. Get creative with your wardrobe and try the Shop your Closet Challenge instead of buying new
  13. Shop secondhand on apps such as Vinted, Depop etc for pre-worn clothes. Search for bundles, particularly for children’s clothing
  14. Join a house sitting site and stay at properties across the UK for cheap
  15. Buy a gel nail kit (or share with a friend) and paint your own nails.
  16. Sign up to loyalty apps and cards to claim freebies and gain points when you spend (as long as you aren’t tempted to spend purely to gain points)

Frugal Living UK: 46 Tips to Save More

It’s so easy to feel the need to ‘keep up’, but who are you really trying to impress? These tips for frugal living in the UK will help you save money in your day to day life, without sacrifice.

Frugality isn’t about suffering and giving up everything that brings you joy; it’s about maintaining a good quality of life, while making sensible spending decisions.

Let me know of any frugal living hacks I might have missed in the comments!

Follow me over on Instagram & TikTok for daily money saving tips and tricks:

Frugal Living UK: 46 Tips to Save More - Saving in London City (3) Frugal Living UK: 46 Tips to Save More - Saving in London City (4) Frugal Living UK: 46 Tips to Save More - Saving in London City (5)

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Frugal Living UK: 46 Tips to Save More - Saving in London City (2024)

FAQs

Is saving $1,000 a month good UK? ›

Saving £1,000 a month could have a substantial impact on your long-term financial well-being. At an average interest rate of 2.35%, saving £1000 a month for ten years would result in a total savings of around £130,994. It's crucial to strike a balance between saving and meeting your current financial needs.

How to live frugally in London? ›

50 frugal money-saving tips
  1. Plan meals.
  2. Choose cheaper recipes.
  3. Make a shopping list.
  4. Don't shop when you're hungry.
  5. Visit cheaper supermarkets.
  6. Buy supermarket own-label products.
  7. Eat less meat.
  8. Buy in bulk – but only if you'll use it.

Can you save money while living in London? ›

Yes, it is possible to save money while living in London, but it can be challenging due to the city's high living costs. Saving money in London requires disciplined budgeting, prioritizing needs over wants, and making conscious financial decisions.

How much money is sufficient for comfortable life in London? ›

Summary of cost of living in London, United Kingdom: A family of four estimated monthly costs are 4,861.8$ (3,839.0£) without rent. A single person estimated monthly costs are 1,396.9$ (1,103.0£) without rent. London is 19.7% less expensive than New York (without rent).

Is saving $500 a month good in the UK? ›

With some planning and effort, saving £500 a month is an achievable target. At an average interest rate of 2.35%, saving £500 a month for ten years would result in a total savings of around £65,497.

What is the 50/30/20 rule? ›

The 50-30-20 rule recommends putting 50% of your money toward needs, 30% toward wants, and 20% toward savings. The savings category also includes money you will need to realize your future goals.

What is a livable income in London? ›

What is the London Living Wage? The London Living Wage is an hourly rate of pay, currently set at £13.15. It is calculated independently to reflect the high cost of living in the capital, giving a worker in London and their family enough to afford the essentials and to save.

Is $2000 a month enough in London? ›

If you do not need to pay rent or mortgage then you could easily live in London on £2000 per month. Contrary to what many people say London does not have to be an expensive place to live when housing is taken out of account.

What is low income for London? ›

Poverty definitions and thresholds
Household typesMinimum Income Standard - Inner London (AHC), 2022UK poverty line - After Housing Costs, 2021/22
Couple, working-age£522£259
Single, pensioner£271£150
Couple, pensioner£431£259
Lone parent, one child (aged one)£340£202
2 more rows

Is $1,000 a month enough to live in London? ›

The question of whether you can live in London with £1,000 a month largely depends on various factors, including your accommodation, lifestyle, and financial management. But the short answer, is this: It's gonna be tough. Don't be discouraged, though! If you're determined, you can make it work.

How to save money on groceries in London? ›

  1. Start With Meal Planning. It may seem cliché, but buying just what is necessary should be your motif when it comes to grocery shopping. ...
  2. Grocery List is Your Saviour. ...
  3. Shop on Budget. ...
  4. Shop with Cash in hand. ...
  5. Check All the Aisles. ...
  6. Avoid the Deli Section. ...
  7. Avoid Grocery Shopping on Empty Stomach. ...
  8. Buy Groceries Online.
Aug 9, 2023

Is $20 000 enough for London? ›

Some people claim to be able to live on an annual salary of £20k in London. However, this will require a lot of economising to make ends meet. In late 2023, it seems borderline impossible. The most important consideration, again, is rent.

What salary is middle class in the UK? ›

What was middle-class income in the UK in 2022? According to tastingbritain.co.uk, the middle-class salary in the UK for 2022 was £26,800 per annum. Of course, the figures swing wildly depending on geographic region. While £35,000 was considered the minimum in the North, £60,000 was the minimum for London.

What's a good London salary? ›

In 2023, the average London salary is £49k. However, this differs according to industry and Borough. Considering these factors, including cost of living and other expenses, a comfortable London salary is £60k.

What is a good salary to live alone in London? ›

We've shown how a single person between 20-30 living alone in London is likely to require a salary of at least £48k to live a comfortable life. This is particularly prescient as it is considerably higher than the UK average of £39k and considerably more than the typical salary for someone in this age range.

Is $1000 a month enough to save? ›

According to this calculator, saving around $1,000 per month is a good goal to have if you bring in around $5,000 in take-home pay—assuming you aren't paying down high-interest debt.

Is $1000 a month enough to live on after bills? ›

But it is possible to live well even on a small amount of money. Surviving on $1,000 a month requires careful budgeting, prioritizing essential expenses, and finding ways to save money. Cutting down on housing costs by sharing living spaces or finding affordable options is crucial.

Can you survive on $1,000 dollars a month? ›

Living on $1,000 per month is a challenge. From the high costs of housing, transportation and food, plus trying to keep your bills to a minimum, it would be difficult for anyone living alone to make this work. But with some creativity, roommates and strategy, you might be able to pull it off.

How much do Brits save a month? ›

Those aged 25 to 29 who earn around £2,000 a month after tax put away 3.7 per cent of their earnings, saving around £75 a month. In the 35 to 39 year-old bracket, 64 per cent of households manage to squirrel away some money, and save on average 6.7 per cent of their annual income.

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