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Life Situation : Financial Data : Recently Married Pam, 26 Josh, 28 Renting an Apartment Monthly income $5,840 Living expenses $3,900 Assets $13,500 Liabilities $4,800

Life Situation:

Financial Data:

Recently Married

Pam, 26

Josh, 28

Renting an Apartment

Monthly income $5,840

Living expenses $3,900

Assets $13,500

Liabilities $4,800

Emergency fund $1,000

Pam Jenkins recently married Josh Brock. Pam continues to work as a sales representative for a clothing manufacturer, and her monthly income has averaged $2,840 a month over the past year. Josh is employed as a computer programmer and earns $3,000 a month. Their combined monthly income allows them to live comfortably. Yet they have been unable to save any money for emergencies.

According to Josh,

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