Amsterdam is a spectacular city to move in for someone who wants a little bit of change in their life. The city blesses its residents with vibrant nightlife, creative events and thrilling meet-up spots. Amsterdam is one of those cities that keep on changing, and one will never get bored of living there.

However, all these things come at a cost. Just like any other capital city, the cost of living in Amsterdam is the highest in the Netherlands.

Here are the key tips to bring down the cost of living in Amsterdam:

• Choose Housing Wisely: Find a place far from the city centre, for they are the most commonly rented. Among various districts like Amstelveen, Diemen, and Zaandam, the latter have better city connections and are consequently more inexpensive.
• Use the Public Transport: Choose a monthly OV-chip card which allows you to go anywhere in Amsterdam and its satellites without paying for travel. It's a big deal and will save you money compared to a car by having to pay the high parking fee and maintenance being too expensive.
• Get Cheap Deals at Local Markets: Everybody should learn to patronise local markets, including the Albert Cuyp Markt or the Ten Katemarkt, which serves farm produce and other goods apart from the fact that the price difference between them and the supermarkets is virtually in the favour of customers.
• Make the Most of Discounts: A variety of museums, theatres, and restaurants in Amsterdam offer discounts on specific days or if one is a resident. Opt for the special deals and get to grow through the cultural touch without even denting your wallet.
• Cook at Home: Eating at cafes, restaurants, eateries, etc., every time will drain a lot of money from your pocket. Hence, it is better to cook at home and save money.
• Take Advantage of Discounts: Many museums, theatres, and restaurants in Amsterdam offer discounts on certain days or to residents. Look for special offers to enjoy cultural experiences without breaking the bank.
• Access Free Activities: Within Amsterdam, there are an ample number of parks, canals, and cultural events that are free of charge. Engage in these to remain entertained without putting a dent in your budget.
• Think of Biking: Amsterdam is a city for biking. This is quite helpful, saving your pocket from spending on transportation.

The above are a couple of critical aspects you should keep in mind before moving to Amsterdam:

• Housing: Expect pretty high rent prices, especially in the centre. Look for different city areas to find that golden balance between price and convenience. 
• Healthcare: Be aware of the Dutch healthcare system. The Basisverzekering, a mandatory medical insurance policy, ensures coverage for medical costs.
• Language: Although most locals speak English, speaking some basic Dutch allows for a better life and improved job opportunities.
• Biking: Be ready to embrace Amsterdam's biking lifestyle by getting to know its biking facilities and cycling rules. Bicycles are the most used transport method in the city.
• Lawful Matters: For those moving from other continents of the world, make sure you have the proper visa and permits to stay.
• Cost of Living: Information on the cost of living in Amsterdam, is likely to be higher compared to other Dutch and European cities, and a budget dealing with it.
• Public Transport: Get familiar with the city of Amsterdam by taking any of the tram, bus, and metro routes to move effectively within its territory.
• Cultural Diversity: Amsterdam is a multicultural city with many different populations. Embrace its cultural diversity, and be open to different customs and traditions.

Amsterdam's cost of living is moderate to high, with housing being the principal expense. Despite this, the city offers excellent public services, healthcare, and cultural amenities, contributing to its appeal.

Now that you know the cost of living in Amsterdam, plan your expenses accordingly. This will allow you to save a lot of money from your monthly budget.