Investigate the consequences of poor financial management, including: asap

Question 1

What is excessive debt?

Answer 1

A huge amount of money that you owe.

Question 2

What causes excessive debt?

Answer 2

occurs when you borrow or spend more than you can comfortably repay after paying for your basic needs.

Question 3

What types of impacts on wellbeing are there?

Answer 3

• Relationship breakdowns - family, friends, coworkers
• Social isolation - cant afford to go out

high blood pressure,
tiredness,
sleeping difficulties,
mood swings,
headaches,
loss of appetite,
psychological stress (for example, feeling fearful) and withdrawing from people.
arguing with people closest to you about money,

Question 4

How can this affect both individuals and families?

Answer 4

• Domestic Violence
• Alcohol & Drug Abuse
• Mental Health Issues
• Physical Health Issues