You can also use a matte eyeshadow + brow wax.
I like e.l.f.'s brow powder kit. Its only 3 bucks:
Eyebrow Kit | Brow Kit
Its a lot less red than Revlon's medium and dark brow powder.
I use the medium and I can make it darker for night or barely there for light make-up/day.
My hair is also light brown/ palest skin tone so "too dark" is a common problem for me too.
Just a tip:
Use the wax, then tap on the powder.
Finish and lighten by brushing the brow into place with a stiff yet flexible bristle barrel brush (like a mascara wand) They also sell that on elf's website in the tools but I honestly just use an old mascara wand I washed out and that works just fine. Its just the classic type, not the new rubber ones etc.
If it is still too dark run a stroke of face powder over it. ( I just use whatever compact face powder I have)