Question

What does living paycheck to paycheck mean?
Living paycheck to paycheck occurs when a person’s income is devoted to expenses, which means that little to no money is put in savings.
When a person chooses to not deposit their paycheck, they are living paycheck to paycheck.
Living paycheck to paycheck is an expression used to describe a situation when someone eagerly awaits their next paycheck to plan for the month’s expenses.
Living paycheck to paycheck is an expression used to explain the situation in which a person cannot plan past the next paycheck due to financial and budgeting difficulties caused by outside circumstances.

Answer 1

Simply put, living paycheck to paycheck means that a person is using each paycheck to cover their necessary expenses and has little to no money left over for savings or unexpected expenses. This can lead to financial insecurity and stress, as there is no buffer or savings for emergencies or unexpected expenses.