From Yahoo Finance: 2025-06-14 14:02:00

About half of all Americans admit to living paycheck to paycheck, including nearly half of those earning six figures. Financial experts suggest creating a budget, tracking expenses, and distinguishing between wants and needs to break the cycle. Credit card debt can also contribute to financial strain, so paying it off should be a priority. Living below your means and limiting discretionary spending are key strategies to improve financial stability. To improve your financial situation, review your bank and credit card statements monthly to identify spending habits and find areas to cut back. Setting short and long-term financial goals can help keep you motivated. Break down goals into manageable steps and create a roadmap for financial independence, including savings and investment plans. Consistency is key in developing good financial habits, like saving and budgeting. Consider using tools like budgeting apps or finding an accountability partner to help you stay on track.



Read more at Yahoo Finance: How To Stop Living Paycheck to Paycheck When You Make Good Money