Passive income help?

As I graduate this year and plan to move back to Manchester with my partner, I'm really struggling to try and save enough money to comfortably pay my share of rent from July.

I currently have around 2600 in savings, with another 1000 to go in by June, totalling around 3600/3700 depending on my income.
I work part time at the moment and plan to continue to do so - either transferring within my current role to another supermarket, or another job if that isn't possible.

I earn around 350 a month, so by the time I've paid for my rent (as my loan doesn't cover my rent by around 100 a month), phone, other bills etc, I don't have much to save, sometimes £20/£30 a month, realistically. I don't live above my means - I pay a relatively low phone bill, discount at work for food shopping etc.

I've focused on trying to credit build to look more attractive for graduate overdrafts to help out, saving £20 a month into a LoqBox credit builder. I've also paid off my current overdraft of £750 and closed the account so it's one less on my credit report.

I'm getting a pay rise in April to £10 an hour, which will be around £400 a month. Even then, I don't expect I could do anymore hours than my 10 per week as I'll be doing a law masters and it's fairly intense. I worked a LOT during my first and second year of uni and it really got too much, so I don't plan to increase my hours again at any point. I've asked for a few hours overtime as of current each week, but there's just nothing going unfortunately.

Does anyone have any ideas of passive income to help top up the savings? I've decided to sell quite a few items of clothing, but again I don't expect much from those either really.

Any help would be appreciated.

Thanks!

I dont think passive income is really possible. Passive income really is dividends of some sort, and requires savings/investment something you dont really have a meaningful amount of atm to generate a decent yield.

Realistically any more income you generate will require work of some kind unless your going to do a hail-Mary investment which isnt wise anyway.

As I graduate this year and plan to move back to Manchester with my partner, I'm really struggling to try and save enough money to comfortably pay my share of rent from July.

I currently have around 2600 in savings, with another 1000 to go in by June, totalling around 3600/3700 depending on my income.
I work part time at the moment and plan to continue to do so - either transferring within my current role to another supermarket, or another job if that isn't possible.

I earn around 350 a month, so by the time I've paid for my rent (as my loan doesn't cover my rent by around 100 a month), phone, other bills etc, I don't have much to save, sometimes £20/£30 a month, realistically. I don't live above my means - I pay a relatively low phone bill, discount at work for food shopping etc.

I've focused on trying to credit build to look more attractive for graduate overdrafts to help out, saving £20 a month into a LoqBox credit builder. I've also paid off my current overdraft of £750 and closed the account so it's one less on my credit report.

I'm getting a pay rise in April to £10 an hour, which will be around £400 a month. Even then, I don't expect I could do anymore hours than my 10 per week as I'll be doing a law masters and it's fairly intense. I worked a LOT during my first and second year of uni and it really got too much, so I don't plan to increase my hours again at any point. I've asked for a few hours overtime as of current each week, but there's just nothing going unfortunately.

Does anyone have any ideas of passive income to help top up the savings? I've decided to sell quite a few items of clothing, but again I don't expect much from those either really.

Any help would be appreciated.

Thanks!

people always try to move out for no reason, just stay where youve been living. if you just want some extra money youll either need to work more hours or get a higher quality job.

I dont think passive income is really possible

I think of passive income more as something you can work to setup and it then just runs on auto-pilot without any/much input.

For instance I setup a website which advertises a service (supplied by another company). I've not touched the website in 6 months and yet it continues to bring in new/repeat customers every month. That is passive income.

I think of passive income more as something you can work to setup and it then just runs on auto-pilot without any/much input.

For instance I setup a website which advertises a service (supplied by another company). I've not touched the website in 6 months and yet it continues to bring in new/repeat customers every month. That is passive income.

If you can have a regular amount going out of your account each month into an Investment Trust (Ideal) or Open ended fund, then you will be surprised at the passive income you can quickly accumulate, particularly if you can reinvest the dividends automatically. There are plenty of options for that if you want yield, but as you are presumably younger, you should go 100% equities and all out growth and let it run for a bit and keep topping up your pot monthly.

Non investment related ideas for passive income could be setting up an etsy or shopify store and finding something niche to sell like personal hobby/craft projects. They seem to be quite popular and people are willing to pay for this stuff which they don't want to make themselves, either because they don't have the time or skill.

Thanks for this!

I'll definitely take a look at those options. We aren't looking for anything expensive to rent either, to be honest. I'm pretty frugal with money hence the savings - I've just struggled for extra income mostly due to losing a job and starting another with no overtime as of last year due to COVID.

I'll take a look at the trusts and funding accounts - thanks for this. Much appreciated.