#MoneyMatters: Moving Our Family From London to Leeds Was the Best Financial Decision We Made in 2023

5 minutes

Reggie (43) and Sophie (38) share their story of moving from the vibrant city of London to the welcoming embrace of Leeds. Faced with escalating living costs in London, the couple’s decision to relocate their family to Leeds was in their own words, their “best financial decision of 2023”

Here is Reggie and Sophie’s #MoneyMatters story:

Before we dive into your financial journey, let’s go back a bit. How did you two meet, and what led you to start your life together in London?

Reggie: Our story starts in a way that’s both cliché and magical – at a local pub in Manchester. I was there with friends, Sophie was there with hers, and somehow, our paths crossed. A chance meeting turned into a conversation that lasted the entire night.
After a whirlwind romance, we decided to move to London for new opportunities, both professionally and personally.

Sophie: London had this energy that was infectious. We were attending concerts, exploring hidden corners, and feeling the pulse of the city.

What were those early days in London like for both of you?

Reggie: Exciting and challenging. We were navigating new jobs, adjusting to the fast-paced city life, and discovering the quirks of London living. It was a whirlwind, but we were doing it together, and that made all the difference.

Before we talk about your move to Leeds, let’s reflect on your time in London. How would you describe your life there, especially in terms of living costs?

Sophie: London was an incredible experience. The diversity, the opportunities, and the energy were unmatched. However, as the years went by, we started noticing a significant increase in living costs.

Reggie: Absolutely. When we first moved to London, the rent for a two-bedroom apartment in a decent neighbourhood was around £1,200 per month. But over the years, that figure almost doubled, and we found ourselves paying close to £2,500 for a similar property. It was a substantial increase that affected our overall financial well-being.

Can you share other examples of how prices went up in your day-to-day life in London?

Sophie: Grocery shopping is a perfect example. A weekly grocery bill that used to be around £70 when we first moved to London gradually climbed to over £120. Prices for everyday items like bread, milk, and fresh produce just kept going up.

Reggie: Transportation costs were another shock. Our monthly travel expenses for public transport escalated from around £100 to over £200. It felt like every aspect of daily life was getting more expensive. Our life in London was getting increasingly expensive, and with two kids, the financial strain was becoming too much. Sophie and I started exploring options for a more affordable yet fulfilling lifestyle. Leeds caught our attention – a vibrant city with lower living costs and promising opportunities.

How did the move unfold, and what were the initial challenges you faced?

Sophie: The decision wasn’t easy, especially leaving behind the familiarity of London. We had to find new jobs, schools for the kids, and, of course, a place to call home. Reggie led job hunting, and I focused on finding the right neighbourhood for our family.

What financial aspects did you consider before making the move?

Reggie: We did a comprehensive cost analysis, comparing the living expenses in London versus Leeds. It wasn’t just about housing; we factored in transportation, education, and even everyday expenses. The potential savings were significant, making the move a financially strategic choice.

Know Your Dosh Financial Management App

Why did you choose Leeds over other cities? What made it stand out?

Reggie: Well, it wasn’t a random choice. We were on the lookout for a place that felt right for us, where we could have a good life without the crazy costs we had in London. Leeds just clicked. It’s not just about the money; it’s about the whole vibe. There’s something about this city – the mix of culture, the job opportunities, and a more laid-back lifestyle. And let’s not forget the people; they make you feel at home. It was a practical decision, but it also felt like trusting our instincts and finding a place where we could really live, not just survive.

How did the new living costs in Leeds differ from those in London?

Sophie: The difference was remarkable. Our mortgage in Leeds was substantially lower than the rent we were paying in London. Daily expenses, from groceries to utility bills, were more manageable. We found ourselves with more disposable income and a better quality of life.

Were there unexpected financial challenges associated with the move?

Reggie: Adjusting to the job market in Leeds took some time, and there were initial uncertainties. However, we had prepared for a transition period, so it wasn’t a severe setback. The overall financial benefits outweighed the temporary challenges.

How did the move impact your children, both emotionally and financially?

Sophie: Moving to Leeds was a big change for the kids. Emotionally, there were adjustments – leaving behind friends, their old school, and the city they were used to. But surprisingly, they handled it well. We involved them in the decision-making, explaining why we were making this change and what exciting things Leeds had to offer. Financially, it made a positive difference. With lower living costs, we could afford more experiences and opportunities for them, turning the move into something they could see as an adventure.

Looking back, what financial lessons have you learned from this relocation experience?

Sophie: The importance of flexibility and being open to change. Moving from London to Leeds was definitely the best decision we made because now, we can afford to save and invest. Before now, we were living paycheck to paycheck but now life is much easier. Sometimes, the best financial decisions require stepping out of your comfort zone. It’s crucial to evaluate not just the immediate costs but the long-term benefits of a financial move.

Looking back, how do you feel about the financial decisions you made during your time in London?

Sophie: London was a chapter in our lives filled with growth and opportunities, but it also taught us the importance of being adaptable. We made the best decisions we could at the time, given the circumstances.

Reggie: Agreed. It was a learning experience that paved the way for a more financially conscious approach. We realised that our quality of life shouldn’t be sacrificed for the sake of living in a specific city.

What advice would you offer to others considering a similar move for financial reasons?

Sophie: Research thoroughly and plan meticulously. Understand the economic landscape of the new location, and be prepared for both the expected and unexpected. Your financial well-being is not confined to a specific location. With careful planning and the right mindset, you can create a more prosperous and fulfilling life for your family, even if it means stepping out of the metropolitan comfort zone.

Reggie and Sophie, your journey from London to Leeds is relatable and enlightening. Thank you for sharing these insights into the financial realities of city living.

Reggie: If our experiences help others to make informed financial decisions, then sharing our story is worth it.


Thank you for joining us for this week’s edition of MoneyMatters. Watch out for our next edition of #MoneyMatters, where we’ll uncover more personal stories and insights. If you have a story to share, please email us at [email protected].

#MoneyMatters is a series diving into the financial decisions, triumphs, failures, and lessons from real people.

To start your journey of financial preparedness and ensure that your family stays financially secure even in your absence, Sign up for Know Your Dosh here.

Know Your Dosh Financial Management App



One comment

  1. Lots of people use their lotteries to raise money for beneficial initiatives that improve education, general public infrastructure and public services.
    Once you play the lottery, you’re assisting to account these programs while you finance your own dreams of succeeding it big.

    Have a great time and good luck!

Leave a Reply

Your email address will not be published. Required fields are marked *