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BUDGETING FOR THE COST OF LIVING IN LONDON

What’s the cost of living in London?

Depending on where you are from, the cost of living in London may be much more than in your home country. However this doesn’t mean it is unaffordable, but it is important to plan ahead and ensure that you will have enough money to pay for your tuition fees and living costs throughout your course, before you start. The sections below contain useful advice and information to help you plan your finances, both before you start your course at Queen Mary University of London and during your studies.

How much you spend is a very personal matter and will vary depending on your individual lifestyle. The 'Example international student budget' below shows an example of an average ‘careful’ budget for an international student. This should help you see how much you can expect to spend. A ‘careful’ budget is one which is intended to cover basic costs as well as occasional treats without being extravagant. The 'Creating your personal budget' section below explains how to personalise the budget spreadsheet so it reflects your individual lifestyle, allowing you to calculate your own cost of living for the year.

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