Remember, too, that just because you take this job doesn't mean you can't keep checking monster.com (just don't do that at work). You'll be taking a paycut, but for what, four weeks? Given how tough the labor markets are, there's no assurance you'd even get another interview in the next four weeks, much less a better offer. So, even if the pay's a little on the light side, it's still going to be better than the alternative and there's no reason not to keep the resume updated.