Don’t forget to review your (now smaller) income

This year the Social Security tax rate went back to the pre-stimulus rate.  It is now 6.2%.

If your budget runs off of your income (which it should) you’ll need to find places to adjust so that you don’t accidentally spend more than you make.

For those with a set pay date (1st,15th, every other week, etc) subtract your last December paycheck from your first January check.  Then double it.  This is the amount you’ll need to adjust your budget by. 

If you need to setup a budget please review the Finances section.