Reader learns the hard way that Harry was right

DEAR HARRY: Back in the '90s, I was young, well-educated, making a good salary at a solid firm and living as if there was no tomorrow. I saved almost zero. I read your column irregularly, and I laughed when you told people to save for emergencies and retirement. All that stuff applied to everyone else, not me. Then it hit.

I was a pedestrian hit by a hit-and-run driver who was never found. After six months of recovery, I lost my job. With almost nine months out of work, I ran through all my limited reserves. Now I'm back at work in a lower-level job with a debt of $5,000 to my parents. I have a credit score under 600. Help!

WHAT HARRY SAYS: Your situation is not uncommon. Too many youngsters operate in the same way or worse. You were fortunate that you had parents who could help.

Start out by getting a credit card from your bank or a significant department store if you're able. A debit card is a second choice. Pay your charges on time religiously each month. Save as much as you can in an emergency fund after making repayment arrangements with your parents. If they can hold out for a year or so, you'll be well on your way to a financial recovery. Never live beyond your means. This is the key to economic health.