When you think of London, England, you don’t exactly think ‘Frugal Living opportunity’ because it’s long been associated with high costs and a ‘luxury holiday’ feels to it. However, about a month ago Britain decided to hold a vote to leave the EU, and since then the value of the Pound Sterling has taken a nosedive off the high board to a 30-year low against the Dollar. While it’s still not exactly rife with frugal opportunities, it does present those who had it on their bucket list with a chance to do it cheaper than before.

The cost of holidaying from the US to the UK is about $1000-$1500, including travel and accommodation, but thanks to the fallen pound, you can probably shave about $500 off in hotel discounts and sustenance on an average trip. However, that doesn’t really do much in terms of affordability, and unless you have recently made a fortune winning the lottery or playing the spread betting markets, you probably want that figure to drop an awful lot lower. So here are a few savvy tips to make that dream holiday a reality with the pound at its’ most favourable.

1)   Hotels aren’t the only way to go: While you probably won’t find a way to convince your parents to head out with you so you can enjoy more free rent, there are other options on the table. Sites like Airbnb and Housetrip help match you with people looking to rent out their homes or rooms and you can easily save 50% on an average Hotel bill.

2)   Just like Las Vegas, London has a great selection of performances and shows to watch. Rather than booking premium seats, check out local touts around Leicester Square or Last Minute deals which could save you over 70% on an average ticket. If you want to be extra frugal – just watch the street performers who are in Covent Garden most of the day (although you may have to give them a Pound or two in appreciation)

3)   If you want to dine out then expect to pay for it, but there is no reason that you should have to pay full price. There are a multitude of sites like OpenTable that feature Special Offers for some of the best dining locations that England has to offer.

4)  Travelling on the underground is not as cheap as some might expect. Be prepared to spend about £11 on a Day’s TravelCard with small savings if you book for a Week. However – areas like Central London are actually quite small and the train maps can be deceiving. Consider mapping your destination at one of the local free Wifi places since walking may be a quicker and cheaper option. (At worst there’s always Uber which isn’t too costly)

5)   Some of the greatest Tourism opportunities that London has to offer include free things. Buckingham Palace, Big Ben, Hyde Park and almost all Museums are free to peruse and certain months of the year offer more attractions like the Notting Hill Carnival.

So while you may not be able to enjoy London on a shoestring budget, you can certainly come close thanks to the tips above and the beneficial exchange rate now. Whatever you choose though, be sure to come back for more tips on frugal living right here at our blog.