paycheque project

Name, age: Charleen, 53

Annual income : $115,000 from job, $3,600 from Canada Child Benefit, $5,080 from Employment Insurance (while unemployed)

Debt: $58,586 line of credit, $457,401 mortgage, $16,000 car loan

Savings : $190,000 in registered retirement savings plan (RRSP), $40,000 in registered education savings plan (RESP), $9,000 in registered disability savings plan (RDSP)

What she does: Business analyst

Where she lives: Mississauga

Top financial concern: “My son and his wellbeing. I’m just worried about having a safety net for him.”

Charleen, 53, was unemployed from June until late October after her former employer – a major bank – laid off 2,000 people after costly legal troubles related to its operations in the United States. She’d worked there for

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