First, Jennifer's weekly pay is $575 ($1,150 / 2 = $575)
Add that to Jim's, and you get $1,275/week
Since there is a little over 364 days in a year, we can round this number to make it easier to manage:
Family's income/year: $1,275/week * 52 weeks/year = $66,300/year
Now, convert all of the expenses to years to make it easier to manage:
Mortgage + taxes= $1320/month * 12 months = $15,840/year
Food: 150/week * 52 weeks/year = $7,800/year
Clothing: $2,000/year
Utilities: $500/month * 12 months/year = $6,000/year
Charity: $100/month * 12 months/year = $1,200/year
Entertainment: $250/month * 12 months/year = $3,000/year
Loan payments: $200/month * 12 months/year = $2,400/year
Savings: $100/week * 52 weeks/year = $5,200/year
Vacation Fund: $100/month * 12 months/year = $1,200/year
Transportation: $250 bi-weekly / 2 = $125/week --> $125/week * 52 weeks/year = $6500/year
Gifts: $1,200/year
Spending money: $120/week * 52 weeks/year = $3,640/year
Day care: $150/week * 52 weeks/year = $7,800/year
Total expenses: $7,800 + $3,640 + $1,200 + $6,500 + $1,200 + $5,200 + $2,400 + $3,000 + $1,200 + $6,000 + $2,000 + $7,800 + $15,840 = $63,780
They are making a surplus of $2,520. If they needed to cut something, they could try taking out the charity, entertainment, and vacation fund categories. I would, as of now, recommend putting more into the savings category.