What are the Lees total expenses? The hint is: remember you are using net salary from the previous question )

The Lee's - Kevin and Megan Megan and Kevin Lee-The Newlyweds rried just a few months ago, and they are happily adjusting to their new li who grew up in San Diego, and Kevin, who grew up in a small town 30 miles from Megan and Kevin were married just a few months ago, and they are happily adjusting t Memphis, met at State University and dated for most of their ollege carers. Both had enroiled in a large course, and they happened to sit next to each other the first day of class. By the end of the week, together. Megan, they each decided the only way to survive the class was to organize a study group... and by the end of th semester they were "'an item." While neither of them decided to become a physics major, Megan did receive her Bachelors degree in psychology and started graduate school two years ago. Kevin received Bachelors degree in Business last summer and began his first job with a large consulting firm soon a money market mutual fund and to thereafter. He received a S5,000 signing bonus that he used to open buy stock in AT&T The first few months of marriage have been accompanied by many changes in both Megan and Kevin' s ecting an lives. These include the normal challenges of merging two individual lives into one (e.g., se apartment, taking a spouse's needs and wants into account when deciding on employmer with many couples, financial management issues have been particularly challenging. While dating they were each somewhat aware of the other's spending patterns and college funding, but financial practices hey want to were considered individual choices and not really discussed. Now as a married couple t e. merge their finances, so both past and future financial management practices are topics of debat been ab The good news is that Megan and Kevin communicate well with each other. They have always icts become personal in to express their opinions, even conflicting opinions, without letting the confli nature. In addition, a two-day financial planning seminar given by an experienced Certified Financial Planner (CFP practitioner was one of the perks offered by Kevin's employer for all new employees and their spouses. This combination of instruction and personal communication skills has provided Megan and Kevin with the tools to start tackling their financial planning issues The bad new is that there are some difficult issues to tackle. They have significant debt, some education loans as well as credit card balances. While Kevin's father supported him financially for at least h his college costs, Megan provided for most of her own college expenses. In addition, after years of college Megan and Kevin are experiencing pent up demand--the urge to buy new clothes, furniture, cars, etc.-now that Kevin finally has a real job with a good income. Then there are decisions to make about employer benefit plans, insurance, savings, etc. Lee's) financial future. His mother died when Kevin was in high school, and his father (now age 50) has worked hard to see that all three children were able to finish college. However, Kevin is concerned that his father has not been able to provide for his own retirement. And finally, Kevin is concerned about his father Motivated by the financial planning seminar they attended, Megan and Kevin have worked the past couple months to gather as much financial information as they could. Since they had little idea about ho much they were spending on things like eating out, entertainment, etc., they have been keeping track of a their expenditures for the last two months. They have now filled out the following forms they received the seminar as completely as possible. Read the information Megan and Kevin have provided so that y can "get acquainted" with them. As you first read the case, you probably will not understand all the vocabulary or why certain information is even included. You may need to re-read some chapters in you ext or ask Luke about terms that are not clear to you. The Lee's - Kevin and Megan Megan and Kevin Lee-The Newlyweds rried just a few months ago, and they are happily adjusting to their new li who grew up in San Diego, and Kevin, who grew up in a small town 30 miles from Megan and Kevin were married just a few months ago, and they are happily adjusting t Memphis, met at State University and dated for most of their ollege carers. Both had enroiled in a large course, and they happened to sit next to each other the first day of class. By the end of the week, together. Megan, they each decided the only way to survive the class was to organize a study group... and by the end of th semester they were "'an item." While neither of them decided to become a physics major, Megan did receive her Bachelors degree in psychology and started graduate school two years ago. Kevin received Bachelors degree in Business last summer and began his first job with a large consulting firm soon a money market mutual fund and to thereafter. He received a S5,000 signing bonus that he used to open buy stock in AT&T The first few months of marriage have been accompanied by many changes in both Megan and Kevin' s ecting an lives. These include the normal challenges of merging two individual lives into one (e.g., se apartment, taking a spouse's needs and wants into account when deciding on employmer with many couples, financial management issues have been particularly challenging. While dating they were each somewhat aware of the other's spending patterns and college funding, but financial practices hey want to were considered individual choices and not really discussed. Now as a married couple t e. merge their finances, so both past and future financial management practices are topics of debat been ab The good news is that Megan and Kevin communicate well with each other. They have always icts become personal in to express their opinions, even conflicting opinions, without letting the confli nature. In addition, a two-day financial planning seminar given by an experienced Certified Financial Planner (CFP practitioner was one of the perks offered by Kevin's employer for all new employees and their spouses. This combination of instruction and personal communication skills has provided Megan and Kevin with the tools to start tackling their financial planning issues The bad new is that there are some difficult issues to tackle. They have significant debt, some education loans as well as credit card balances. While Kevin's father supported him financially for at least h his college costs, Megan provided for most of her own college expenses. In addition, after years of college Megan and Kevin are experiencing pent up demand--the urge to buy new clothes, furniture, cars, etc.-now that Kevin finally has a real job with a good income. Then there are decisions to make about employer benefit plans, insurance, savings, etc. Lee's) financial future. His mother died when Kevin was in high school, and his father (now age 50) has worked hard to see that all three children were able to finish college. However, Kevin is concerned that his father has not been able to provide for his own retirement. And finally, Kevin is concerned about his father Motivated by the financial planning seminar they attended, Megan and Kevin have worked the past couple months to gather as much financial information as they could. Since they had little idea about ho much they were spending on things like eating out, entertainment, etc., they have been keeping track of a their expenditures for the last two months. They have now filled out the following forms they received the seminar as completely as possible. Read the information Megan and Kevin have provided so that y can "get acquainted" with them. As you first read the case, you probably will not understand all the vocabulary or why certain information is even included. You may need to re-read some chapters in you ext or ask Luke about terms that are not clear to you