13 tips to help save money if you live in London, from a financial expert
Because ‘savings’ and ‘London’ rarely ever feature in the same sentence It’s no secret that London is home to some of the highest living costs in the world. The median annual salary for London is £34,473, but there are many people – especially young people – living on well below this. After rent and bills are paid, the remainders of pay packets go to food and necessities – so how are we meant to save for that big holiday or to get out feet firmly on the property ladder? In light of Financial Capability Week this week we spoke to Andrew Johnson, Advice Manager at Money Advice Service who has revealed his 13 top tips for saving when you live in London. 1. Loose change adds up By the end of the week, many of us have a few coins left over in pockets and purses – and even down the back of the sofa. Gather up these odd coins each week and put them in a jar. Even just a £1 a week in loose change will give you a cushion of over £50 by the end of the year. Looking a...