The Best Money Saving Tips for Visiting London (2024)

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I’m planning a trip to London with my son, and I’ve been researching the best money saving tips for visiting London. Even though the British Pound has taken a beating with Brexit, I’ve found that prices are still generally higher than when you visit countries using the Euro. Here are some of the best tips that I’ll be using during our vacation in London.

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The best money saving tips for visiting London

One of the ways that I can afford to travel as much as I do, is that I focus on saving money at every opportunity. I use alternate airports, avoid renting cars whenever possible, use miles & points to book hotels and flights, and take advantage of discounts & promotions.

Here are the best money saving tips for visiting London that I’ll personally be using on my next trip.

Alternate Airports

London is a city that has several airports, so when booking flights to London, consider alternate airports. Flights to Heathrow are notorious for massive taxes and fuel surcharges, so avoid the airport whenever possible.

London has 6 airports to choose from. Not all offer international flights from the US, but they do connect within Europe:

  • Heathrow
  • Gatwick
  • Stansted
  • City Airport
  • Luton
  • London Southend

Even consider flying to a different airport in Europe first (like Madrid, Paris, or Amsterdam), then connect to one of the 6 London options.

Don’t Rent A Car; Use “The Tube” and Buses

Not only can driving in a foreign country be uncomfortable, it can be downright scary when you have to drive on the opposite side of the road, like you do in England. When we drove in Australia the first time (another country that drives on the “wrong” side of the road), it took me a couple days to get the hang of it.

And then you have to worry about trying to park in a big city like London. Think of New York City… you’re not going to want to try to park there. Same thing with London.

Hotels will gladly take your money to park your car overnight. Think of all of the fun you could be having with that money instead!

The Best Money Saving Tips for Visiting London (2)

You’ll want to get an Oyster card, which offers access to all of London’s public transportation options:

  • London Underground (Tube)
  • Buses
  • Docklands Light Rail
  • Overground Trains

The Oyster card costs 5 Pounds to buy. It is suggested that you’d add 15 Pounds for 2 days and 30 for 4 days. And children under 11 ride for free.

There is an unlimited ride option with The London Pass + Oyster card that we’re considering so that we don’t have to worry about additional charges.

Be Flexible With Hotel Options

London is a huge metropolitan city that offers hotels across a wide variety of price options. And when you add in the option of using alternatives like AirBnB, the list is even longer.

Personally, when I travel, I try to use hotel points as much as possible, which allows me to save my travel budget for fun activities and food experiences. All of the major hotel chains are available in London, so pick your favorite brand and see which options suit you best.

For a list of London hotels and reviews, check out TripAdvisor.

Buy The London Pass For Free Entry

When you visit London, there are so many tourist attractions that you’ll want to visit. However, each one comes with their own price of admission.

Instead of waiting in long lines and buying each one separately, use The London Pass to skip lines and save a ton of money.

Rightnow, there is an end of January sale on The London Pass. From January 27 through January 31, you can save 20% off 10-day passes, 10% off 3-day passes, and 5% off 6-day passes when using my referral link.

The Best Money Saving Tips for Visiting London (3)

Prices for The London Pass do increase on February 1st, so now is the time to buy if you’ll be visiting London in the next year.

Here are some of the places we’ll be visiting by using The London Pass:

And there are so many other attractions you can visit for free with The London Pass. There’s just not enough time during our visit to see them all. For a complete list, go to The London Pass website.

The Bald Thoughts

The Best Money Saving Tips for Visiting London (4)When you visit London, you could spend a lot of money because there’s so much to do in the city. Instead, use these best money saving tips for visiting London and have an awesome experience. We’ll be using these tips during our visit and look forward to sharing our experiences with you soon.

What are your favorite money saving tips for visiting London?


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The Best Money Saving Tips for Visiting London (2024)

FAQs

How much money do you need to save to go to London? ›

A two week trip to London on average costs around $3,394 (£2,652) for one person and $6,788 (£5,305) for two people. This cost includes accommodation, food, local transportation, and sightseeing. Please note, prices can vary based on your travel style, speed, and other variables.

How much cash do I need per day in London? ›

So we're very familiar with the prices of transport, food, entertainment and more in London. Want a quick answer? We recommend budgeting around £105 plus (about $130 in US dollars) per day, per person, after paying to get there.

What is the best way to pay for things in London? ›

Debit and Credit Cards

Customers used debit cards in about 48% of all purchases. Most UK residents have two or three debit cards, and 97% have at least one debit card they use for daily spending. Mastercard and Visa are by far the most popular options, accounting for 90% of the country's online transactions.

Should I carry cash in London? ›

It's a good idea to have some pounds with you when you're in the UK. While cash isn't always needed, some small merchants prefer it, and you'll need it for tipping and buying things in markets too. In most cases the easiest option to get your travel cash is to make ATM withdrawals on arrival.

Should I convert money before going to London? ›

Resist the urge to buy foreign currency before your trip.

Some tourists feel like they must have euros or British pounds in their pockets when they step off the airplane, but they pay the price in bad stateside exchange rates. Wait until you arrive to withdraw money.

Is tipping expected in London? ›

Do You Have to Tip in London? In London, tipping is not mandatory but appreciated for good service. It's customary to leave a 10-15% tip in restaurants if a service charge isn't included. Tipping in bars, pubs, or taxi drivers is less common but can be done for exceptional service.

Is London a cashless city? ›

although we are using it less, and more people are leading largely cashless lives.” Londoners in particular have embraced cashless lives. In 2019, residents of the capital withdrew £300m weekly from its 6,559 ATMs – but in 2024, just £210m is taken out every week, from 4,824 ATMs.

Is 100 pounds a day enough in London? ›

However, that only covers your meals and accommodation, travelling around and doing things is something else altogether, it depends on your tastes and what you are planning to do when you are here. Realistically, you would be looking at approximately £70 - £100 per day meals and accommodation (b&b or hotel).

Are US dollars accepted in London? ›

The currency in the UK is the pound sterling. You won't be able to use dollars. Best to use your plastic to take some sterling out of a cash machine when you arrive.

Can I use my US debit card in London? ›

For credit cards, Visa and MasterCard are universal, while American Express and Discover are less common. US debit cards with a Visa or MasterCard logo will work in any European ATM. Go "contactless." Get comfortable using contactless pay options.

Is it better to exchange money in the UK or the US? ›

It could be more beneficial to buy your dollars in the UK rather than when when you arrive in the US. This is because the pound-to-dollar exchange rate in the UK is can be better than some of the rates offered by providers in America.

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.

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 make $100 a day in London? ›

earn 100 a day jobs in london
  1. Room Leader. N Family Club3.9. Forest Hill SE23. ...
  2. Consultant Conveyancer. Taylor Rose MW2.9. ...
  3. Nail Technician. New. ...
  4. HGV Technician. Veolia3.4. ...
  5. Nursery Practitioner. N Family Club3.9. ...
  6. Strengthen your profile. What are your desired job types? ...
  7. Supervisor. New. ...
  8. Self employed Estate Agent - Remote. PropertyLoop.

Is saving $1,000 a month good UK? ›

Saving £1,000 a month could have a substantial impact on your long-term financial wellbeing. At an average interest rate of 2.35%, saving £1,000 a month for 10 years would result in a total savings of around £134,215. It's crucial to strike a balance between saving and meeting your current financial needs.

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