Well folks, we conquered both New York City and the French capital of Paris, this time we are going to try the same challenge on one of my favourite cities in the world, a destination which gives and gives and gives (and takes your money!), London!
A quick reminder – we fly in early on the first day, and we fly out late on the second day, meaning it’s not really a full ’48 hours’, but it does mean we only need to find a place to stay for a single night, which overall will help keeping the costs down. And London is NOT a cheap city! Having said that, a number of museums can be well priced or even free in the case of the British Museum – and that is certainly one we don’t want to miss! And that’s a good thing, because $200 for accommodation, food, attractions and souvenirs will only go so far. And how far is that ‘so far’? Well, let’s find out!
London is, I think it’s fair to say, not an inexpensive city to visit. I was somewhat surprised that Time Out have London listed as (only) the 19th most expensive city in the world, with Hong Kong coming in first and Turkmenistan’s Ashgabat a surprising second. Check out Time Out’s Most Expensive Cities in the World in 2020.
Let’s be honest and fait here, and so many visitors to London find it to be very expensive to visit, and I have to agree. And that’s the three big ones – accommodation (don’t get your hopes up!), food and attractions which are often over 20 pounds so that’s around $40USD, or $50AUD. For example, to prove a point, the Tower of London (which I have not personally visited) is 25 pounds for an adult to enter. That’s over a sixth of our budget of $200USD. Our daily budget in pounds is around 150 pounds. And it wouldn’t be that much if Brexit hadn’t driven the pound down against the Greenback.
And $200 can disappear pretty quick in a busy city whether it’s London, New York or Singapore. So let’s start with trying to find a decent place to stay. London does have a really good underground (Metro) network, also known as a ’The Tube’, so even before we find a bed for the night, let’s secure us a 2-day travel pass at 18.50 pounds. That means we don’t need to bunk up right in the middle of the city.

Earl’s Court is famous for being the place backpackers head, indeed quite a lot Aussies head there and it’s known for that. I found the Ibis Hotel there at around 60 pounds. That’s if you want your own room for the night and want a reasonable and reasonably dependable standard. I had a small unit that was roughly the same price when I was last there in Kensington, an Air BnB place where I could self-cater, otherwise there are plenty of hostel options which will come in cheaper.
When I was in London in my younger days I did stay at hostels, and rarely for less than 20 pounds. However a search online reveals plenty of different options for less than that. That is, I presume, because of the whole pandemic situation right now. Generator Hostel is listing at 14 pounds a night for October, and Wombats Hostel which is at 18 pounds. There are more options which are even cheaper, down to 8 pounds, but the really cheap ones are a LONG way from centre. Let’s budget for 20 pounds on accommodation because these rates won’t be around forever! Also… who wants a free set of steak knives?
Okay so, we’ve spent 38 pounds which means we have 112 pounds left in our pocket for the rest of the two days, for food, sites and whatever else in the way of souvenirs etc you might want. Now, of you go with a room at the Ibis, well, you’re already at 78 pounds which leaves just 72 pounds. So let’s see how we can fill our 48 hours with 112 pounds…. And what we’d end up missing when we have 40 pounds less.
Day One

Arrive Heathrow (probably) and get the two-day pass and head into London. The great news about London is that although the place is expensive, there are many sites you can see which are basically photo opportunities. On top of that, according to the Interweb the Thames Clipper, a boat that goes up and down the Thames, is included on an Oyster Card (used for the Underground and public transport) and I would PRESUME (can someone confirm?) that it is valid on the Thames Clipper. Which means you can go up and down the Thames by boat with no extra cost.
Tower of London London Tower Bridge
So check out Big Ben and the Tower Bridge, houses of Parliament and Westminster Abbey from the outside, (only the last of these four can you really enter), you can catch a decent glimpse of the Tower of London from your Thames Clipper ride too. They are all very iconic places indeed, and you want to see them, probably, for your photo collection. You can make your way out to Buckingham Palace too for a photo or three, and relax in Hyde Park.
I can’t really recommend anywhere to eat in London. I can honestly say in five visits I haven’t eaten out in a proper restaurant once. I’ve done fast food for lunches and self catered for dinners exclusively, well almost. I tried a pub lunch in Greenwich last time which was around 15 pounds, and it was dreadful like a McCain frozen meal. Heated up. But still awful none-the-less.
So really it’s a case of keeping the costs down with food, give yourself 15 pounds for lunch and a bottle of water, 20 pounds maybe for a decent (hopefully) pub meal somewhere, as this is pretty much a British tradition.

You’ve spent the day chasing photos, but hopefully you planned a quick stop at a cheap tix booth, they can be found in a few places, I remember there WAS one in Leicester Square, I think at the entrance to the Underground. You want to see a West End show, they are awesome and usually really good value. In 1999 I saw four shows in four nights. I paid between 5 and 25 pounds back then. Let’s budget 25 pounds here to be on the safe side.
So, at the end of Day One we’ve gotten all our important photos done, eaten twice and seen a show! That’s 20 pounds for accommodation, 18 pounds for public transport, 35 pounds on meals and 25 pounds for a show. That’s a total of 98 pounds. In you’re at the Ibis you may want to skip on the show to keep it under 150 pounds. But I’m basing this on the hostel price. You could find a cheaper dinner too.
Day Two

So, we have 52 pounds remaining. You want some wriggle room too – bottles of water for example, snacks, souvenirs, but I’m going to see how close I can push it regardless.
So I would recommend the British Museum, get there early, this is going to be your pre-lunch experience. It again is free, and you could easily spend the entire day there but as we only have two days, that’s not the go.
After lunch we have two main things on the agenda, which is just a personal choice as to the most interesting and worthwhile sights in London in my opinion. Firstly there is St Paul’s cathedral, that’s 18 pounds. Good views of the city of course and a beautiful cathedral.

More exciting even and for me a personal favourite – a tour of Shakespeare’s Globe is very worthwhile and 17 pounds (all prices are for adults), and this is how I would finish the day. It’s only three things but they will certainly fill your day I would expect.

You could tag out one of the two for the National Portrait Gallery – if that interests you. I liked it but I felt it might have limited appeal to people. The good news is that it’s free, and won’t detract further from our budget.
Cost of 35 pounds in total – that means you have 17 pounds left! Oh my, can you lunch and dinner on that? It’s going to be hard – but trim a couple of pounds off your meals from the day before, you can probably do a McValue meal for one (I’m serious this is London, great city but not one known for the eating!) and then afford something around 10-12 pounds for dinner. We’re presuming breakfast to be included in our accommodation here.
See how quickly the money disappears? You may want to swap out one of my recommended experiences for the following –
London Eye – 40 pounds (cheaper online, this is bought on the day)
Tower of London – 25 pounds
Westminster Abby – 18 pounds
Madame Tussauds – 36 (cheaper online, this is bought on the day)
Amongst others. As you can see, not cheap at all! If you have time, Hyde Park is just one of London’s Parks that is beautiful and a great place to chill. It’s a brilliant city, but the sites are genuine pocket-busters!
Other posts on London –
London’s National Portrait Gallery
Accommodation Review – Elmwood Hotel, London [another hotel option, $82US in 2017]

Thanks for popping by today – May the Journey Never End!
I managed to go on a reasonably budgeted trip to London back in 2017. The best deal we found were the theatre tickets from TKTS in Leicester Square, 13 pounds for a really good West End show.
YES Leicester square is the place! thanks Jess!
I love this, great idea. I marvel at how you always come up with fresh ways to keep us entertained m(_ _)m
thanks! Ive a few more in mind. well one….
I like the concept of spending a limited amount of money and I admire your ability to put it all together. Well done!
thanks! Coming up with post concepts can be a little difficult at times… thanks for commenting!
London is such a big city that even my five days there was not nearly enough to see everything that there is to see! I found my time there both overwhelming and underwhelming, partly due to the prices of everything (including the Tube). But it’s true that a lot of the well-known towers (London Eye, Tower Bridge) are free to take photos of, as well as the artifacts in the British Museum. Also enjoy the reasonably-priced Keats House, which was the highlight of my time there. I’d like to return to give London a second chance…and hopefully this time with more money!
ive been like four times. but im happy to give it a fifth sixth and seventh go. You know, when theres less of the covid. thanks for commenting!
It is a very expensive visit, London. But worth every penny 😉 I lived near Richmond for 4 years and spent most of my free time in the City of London which is the old London and just the best.
Agreed. many times when there i just abandon any attempt to keep to a budget if truth be told! lol
😉 yes, good plan. I remember when I first arrived in the UK, London I was walking along the Thames Embankment and wanted to buy a soft-serve ice-cream cone. £2!!!! What!?? That’s insane 🤣🤣🤣 in South Africa that converted to well over R20 at the time. “I’d never spend that much on an ice-cream!” But now of course, I don’t blink an eye, and ice-creams in South Africa have doubled in price….😁
So impressed by such a cheap trip! I’m yet to go to London, but I will definitely follow these tips for a cheap visit!
thanks Katie!
There are some great museums in London that are free. I love the Natural History Museum and Science Museum. You can easily spend an entire day walking around those museums or even just one as they are huge! The V&A is free as well and just around the corner of those two. And of course there is also the National Gallery, some galleries of the Tate Modern and Imperial War Museum just to name a few. But yes, if you want to see the traditional sights such as Tower of London, go on the London Eye etc £200 will not be enough.