During these turbulent times of rising unemployment and scarce credit; smart money management is becoming increasingly important. Here is a money management tip to help you keep more cash in your pocket this upcoming year.

Eliminate your huge income tax windfall. If you received a big tax refund last year then you are withholding too much money. Think of it this way: A big tax refund is an interest free loan to the federal government. This is money that you could use to build your savings or pay off some bills. Consider changing the number of withholding allowances that you claim. It’s simple and easy to do. Ask your employer for a W-4 form and just switch your number of personal allowances. You will get less money back at tax time but have more money added to your paycheck. This will be useful in helping you to make it through a tough 2009.