Cost of Living in London

It’s a well-known fact that living in London as well as most parts of england can be expensive, making it hard to save money.  Take the cost of housing, food, petrol, utilities and other necessities and your left with very little money.


“Living costs have risen 25% in the past five years and placed an “unprecedented” financial burden on the poor, a report has found.” - BBC News 


Whats more the Mayor of London, Boris Johnson, known for his random remarks for well... anything has recently announced that the cost of living in the UK has risen. 


In London alone, the rise has been 25p per hour! This doesn’t sound like much, but becomes a real problem when the Minimum Wage is much lower than the National Living Wage.


Lets just do some math here:


25p x 8 hours (lets say on average we work 8 hours) = £2 extra a day

£2 x 5 days = £10 a week

£10 x 48 weeks = £480 

£480 a year could fund you:

  • A years membership at a gym
  • A years mobile phone bill
  • A years cinema pass (with a lot of money left over)
  • A new wardrobe
  • A weeks holiday
  • Car/home insurance
  • Your children’s karate and ballet lessons


25 pence seems like a lot more now doesn't it?


So how can I make more money?


There are several ways to save money, from flat sharing to buying items from a certain store to changing brands but most of these guides are secretly telling you to downgrade in some way. But why should you?


Storemates can help!


Let Storemates help you earn some money, save some money and show you that there is affordable storage out there that doesn't involve storage units. If you are looking to make some extra money, de-clutter your home, list the space whether it’s your garage, spare room or attic, you could be making between £10 and £40 a week. Whats more is that we have storage for rent, in london, Manchester, Croydon, Bath, Leeds, Surrey and the list goes on and on.


Still not sure?


Just incase you are worried about storing items from someone else, take a look at our Storage Protection Guarantee. We also have a review system in order to ease your worries.