With nearly half saying they don’t make enough to cover their cost of living.

With the cost of living crisis in full swing and Christmas just around the corner, budgeting can be difficult.

A new study found that 56% of adults say they operate from paycheque to paycheque.

New research by EPAM shows the problem is more severe for young adults.

With 58% of those aged under 24 saying their expenses exceed their income.

Over half are regularly turning to their bank’s websites and mobile apps, to try and find ways to help.

The Irish Independent reports that 53% are accessing personal finance support tools.

The survey of over 1,000 adults found that almost half of those don’t make enough money to cover their living costs.

Both traditional banks and “neobanks” such as Revolut have introduced tools to help track your spending.

This incentive will allow people to gain insights into their spending and budget more effectively.