5. Think about Tax Withholding
Nobody likes taxes. Especially when you don’t have enough money in the house, it is like giving money that you don’t have away. In light of your lower annual income, check your income tax withholding to determine whether it has to be changed. Your allowances could be increased, which would result in less money being deducted from your salary each month.
If you are unsure if your withholding needs to be changed, you should speak with a tax expert or the IRS immediately. If changes to your withholding have an effect on your net income, be careful to update your budget accordingly.