How to plan your budget for rent and everyday expenses

We understand your excitement about starting your course with us in September, whether you will be studying at Coventry University London or CU London (Dagenham and Greenwich).

Moving to London is exciting, but it’s no secret that living here can be pricey. The good news is that with a bit of planning, you can keep your finances under control and still enjoy everything the city has to offer.

Here’s how to start thinking about your budget before you arrive.

1. Know Your Rent

Rent will probably be your biggest expense, so it’s important to understand what you’re paying for. Some accommodation includes bills like Wi-Fi, heating, and water, while others don’t. Always check before you sign anything so you know exactly what’s covered.

2. Think About Bills

If bills aren’t included, you’ll need to budget for things like electricity, gas, water, and internet. These costs will vary depending on how much you use and who you’re living with.

3. Everyday Spending

Your day-to-day costs will depend on your lifestyle. Think about things like:

• Food and groceries
• Travel around the city
• Laundry
• Your phone bill
• Study materials

4. One-Off Costs

Don’t forget the extra expenses that don’t happen every month, like:

• Your accommodation deposit
• Setting up your room with bedding, kitchen items, and personal touches
• Clothes for the season
• Social events or trips
• Gadgets or tech items you may need for your course, such as a laptop or tablet. Remember, you can borrow a laptop free of charge from the campus library for a certain period of time.

5. Easy Ways to Save

• Cook meals at home
• Plan your spending so you’re not caught out by big payments
• Track your expenses so you can spot where your money is going

6. Student Discounts You Should Use

London has plenty of ways to help you stretch your budget. Make the most of:

• Totum Card (formerly NUS Extra) – Discounts on food, travel, fashion, and more.
• UNiDAYS – Free app with discounts on popular brands and restaurants.
• Student Oyster Card – Cheaper travel on buses, trains, and the Tube.
• 16–25 Railcard – One-third off train fares in the UK.
• Local Student Deals – Many cafes, gyms, and shops offer discounts if you show your student ID.

Budgeting isn’t about cutting out all the fun; it’s about making sure you have enough for the things you need and the things you love. By combining good planning with student discounts, you can enjoy your time in London without stressing about money.

You can find more information on our Coventry University London and CU London (Dagenham and Greenwich) accommodation webpages.