Peggy Janis, 34, is divorced and a single parent of two children, ages 10 and 12. Employed full time, she earns $14,180 (net take-home) monthly. She has no other income sources such as alimony or child support because her ex-husband's financial position "is complicated" and can't pay anything. Peggy wants to own her own home and develop a realistic budget to manage her income. She'd also like to get a higher-paying job and feel more financially secure. Peggy currently has $4,800 in a checking account, $49,986 in a TISP retirement savings account at Republic Bank through her employer, a $15,000 car, and $20,000 of personal property. She owes $19,000 on a credit card charging 24% interest and is a self-confessed "shopaholic." Peggy says she don't know where her money goes after paying $4,200 for rent she struggles with the other bills each month. She doesn't have a car loan and puts nothing aside for savings. She doesn't own disability or renters insurance and has third party insurance on her automobile. She works for state enterprise and her employer provides health benefits for herself and the children. She also pays $1,800 to a credit union of which $1,564 goes to a loan with a balance of $70,000 and 5 years remaining and the difference go toward her shares account with a balance of $42,000. Help Peggy create a financial plan, start with a personal balance sheet, income statement and budget.