Moreover there are models for how to handle stabilizing a person who has demonstrate gross negligence with managing their personal finances if they live on public money.
For instance, in the U.S., if you are on disability and mismanage your money, you can be required to have a payee who makes sure that your money is spent first on basic needs (rent, food, and such) and then issues what remains as an allowance.
I think a system like this would need to be in place to handle people who live solely on UBI and mismanage it, but it's clear that doing something like that would be far from unprecedented.
Moreover there are models for how to handle stabilizing a person who has demonstrate gross negligence with managing their personal finances if they live on public money.
For instance, in the U.S., if you are on disability and mismanage your money, you can be required to have a payee who makes sure that your money is spent first on basic needs (rent, food, and such) and then issues what remains as an allowance.
I think a system like this would need to be in place to handle people who live solely on UBI and mismanage it, but it's clear that doing something like that would be far from unprecedented.