Bounce Back From Bankruptcy and Advice to Readers

Paying by cash or finding another way to emphasize the real, material cost of a purchase can help create good spending habits. gpointstudio/Shutterstock

Dear Mary: Please give me some pointers on bouncing back from bankruptcy. Will this have any effect on future employment opportunities?—Henry, email

Dear Henry: Live on cash. Have only one credit card, and if you use it, pay it in full every month. Refuse all other offers of credit, and take on no unsecured debt. Pay all of your bills early; never be late. Let nothing prevent you from saving 10 percent of your income.