Consequences of poor budgeting

A person may fall into debt.

A person may need to use their bank overdraft and so face overdraft charges.

A person may not be able to pay for all of their bills and face fines or late payment fees.

A person may face possible eviction if they have not left enough money to pay their rent.

A person poor credit rating if they are unable to repay credit card debt and this can make it difficult for them to apply for loans in the future.

A person may face bankruptcy.

A person may have what they own, house, car, furniture, repossessed.

A person may experience mental health issues, worrying about not having enough money or not being able to afford basic needs.

A person may experience relationship issues as they struggle with their finances.

A person may find themselves borrowing emergency/short term loans - possibly putting them into more debt.