Consequences are what happens as a natural extension of your actions. They are an opportunity for you and your children to learn a lesson. Using a child’s actions, inaction or poor decision to provide consequences good and bad, means that your child has a chance to learn from the experience. Punishment is about retribution and there are very few chances to learn anything but how to avoid punishment.
Think about what consequences you will use. What goal do you have in mind? What is to be learned?