{
  "id": 7239076,
  "title": "6 Ways Young Adults Can Stop Living Paycheck to Paycheck",
  "url": "https://urgent.news/2026/09/12/6-ways-young-adults-can-stop-living-paycheck-to-paycheck",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-12T17:00:27.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/markets/articles/6-ways-young-adults-stop-170027011.html"
  },
  "original_language": "en",
  "account": "Living paycheck to paycheck is a common financial challenge faced by many young adults, but it doesn't necessarily mean they earn too little or spend too much. Financial expert Christopher Stroup suggests that the issue may stem from mismanaging the timing of income and expenses rather than overspending. To address this, Stroup advises identifying whether the problem is related to income, spending, or cash flow.\n\nTo better manage finances, Adam Vega of Avance Private Wealth Management recommends using account buckets, a modern version of envelope budgeting. By dividing leftover income into separate accounts for specific goals or expenses, individuals can create a budget that forces better spending habits. Initially, this may seem challenging, but over time, it helps individuals become more disciplined with their finances.\n\nThe emotional toll of living paycheck to paycheck can be significant, as it consumes mental energy needed for long-term planning. Financial analyst Michael Schramm points out that reducing daily decisions through routine and automation can help conserve mental energy for future financial planning. Instead of saving what's left after expenses, Todd Christensen recommends treating regular deposits into savings as fixed expenses. By \"paying yourself first,\" like a bill, individuals can build their finances around the money they have left.\n\nMany young adults also underestimate the impact of recurring expenses such as subscription services and loan repayments. Steve Min, chief credit officer at Credit One Bank, advises looking ahead 30 days before making discretionary purchases to prevent small shortfalls from turning into credit card debt. This proactive approach can help avoid the financial pitfalls that often accompany living paycheck to paycheck.\n\nWhile living paycheck to paycheck may seem like a sign of poor money management, it doesn't always reflect an underlying financial mess. Financial expert Chris Heerlein of REAP Financial emphasizes that every cent already has a destination before the next paycheck arrives. By understanding this, individuals can better prepare for emergencies and avoid financial crises.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}