Here's a breakdown:
* "Viviendo" literally translates to "living".
* It can be used as an adjective, like "living expenses" (gastos vivientes).
* It can also be used as part of a verb phrase, like "I am living in Spain" (Estoy viviendo en España).
Examples:
* Estoy viviendo una vida feliz. (I am living a happy life.)
* El costo de vida está aumentando. (The cost of living is rising.)
* La naturaleza está llena de cosas vivientes. (Nature is full of living things.)