Question 7

Question 7: I have just begun investing and I am very careful in the decisions i make. I am curious as to what the consequences are of poor financial management. Could you list out the consequences?

Consequences of poor financial management

There are consequences to poor financial management including,

- inability to achieve the things one wants,

- poor credit rating
- higher cost of borrowing
- poverty
- poor self-esteem
- embarassment
- poor prospects for future employment
- and eventually, bankruptcy