What Should I do now?

1. Start saving as much as you can right away.
2. Try finding a new job that pays 30-40% more.
3. Cut down unnecessary expenses by 10-20% and put that money into investments.
4. Plan ahead for your kids' education and your retirement.
5. Look into ways to earn a secondary income—maybe learn something new or build on your current skills.
6. See if your wife is interested in taking up a job to add to the income.
7. If you don’t already have term and health insurance, get it ASAP. You don’t want unexpected events (like health issues or worse) to put your family in a tough spot.
8. Don't plan taking a loan if it is necessary and try to close any existing ones.

Wishing you luck.

Where r u living?