The driver side leak is either from the upper radiator hose (easy to check and to replace) or the end tank seal on the radiator (not so cheap or as easy).
The passenger side leak may be coming from the water pump seep hole. Get down on your knees and look at the lower timing belt cover directly below the crankshaft damper. Do you see any coolant (or oil) dripping from this location. The coolant would be coming from the water pump and the oil would be coming from the front main crankshaft seal. Slow leaks in these components aren't a big problem, but the result is that the coolant or oil drips onto the front bank cat and smokes up a stink.
If the leak is from the lower radiator hose or the passenger side end tank seal, then you would have to replace the hose and/or the radiator.
Now, if the water pump is the source, are you ready for a timing belt change? I recommend the rebuilt Ford pumps from A1 Cardone that are sold by O'Reilly auto parts (or other) for about $65 with a lifetime warranty. To access the water pump, you should also remove the timing belt to prevent getting any coolant on it (almost guaranteed if the belt is installed). While you are in there, you should consider replacing the front main seal (if leaking), the crankshaft position sensor (if it has been in longer than 120,000 miles) and the accessory belt(s). If it is indeed the water pump, let us know and I will give you infor on the lowest priced sources for these components.