UNDERSTAND THE REALITY AND IMPLICATION OF FINANCIAL INSTABILITY.
About 60% of US adults live paycheck to paycheck, including those earning six figures.
Many americans lack an emergency fund to cover even a $500 unexpected expense.
Living paycheck to paycheck often leads to increased reliance on credit cards and loans.
Financial stress can negatively impact physical and mental health, and relationships.
Rising housing, food and healthcare costs contribute to paycheck-to-paycheck living.
People often delay important goals like saving for retirement or education, from living paycheck to paycheck.
Budgeting, debt reduction, and financial coaching can help break the cycle.
A single emergency, like a car repair or medical bill, car trigger financial hardship.
Income alone doesn't guarantee financial security - money habits mater too.
Improved cash flow awareness is a key step towards financial stability.