The current cost of living crisis has lead to 80% of Londoners reporting an increase in their living costs over the last six months. Transport for London fares are up almost five percent, and Rightmove have reported that the average rent price has risen fourteen percent in the last year.
These increases have caused a lot of stress and worry for the capital. However, the Evening Standard and Clare Seal (My Frugal Year on insta) have comprised a list of ways to help save money in the current climate.
One of her recommendations is borrowing/renting out appliances, with the suggestion of Library of Things. After it’s opening it’s Hackney Wick branch last year, residents of the East End are now able to borrow items, whether that’s a carpet cleaner, an extendable ladder or a popcorn maker.
Seal notes that this is an excellent way to reduce the cost spent on household items that will only be used a handful of times. Not only that, but by borrowing items, individuals can reduce their waste and carbon footprint.