I do that with my children all the time. Consequences are great. Nothing teaches them quicker or more effectively.
If my dd isn't ready for a lift to school when dh leaves at 8.00am she has to walk, regardless of the weather. It's happened once.
When my ds couldn't find his door key I refused to lend him mine, he'll have to learn to take better care of his things.
They are teenagers now and they know if they don't put their clothes in the wash, they don't get washed. There are all sorts of natural consequences that don't actually involve me at all.
Ds got a detention for throwing a snowball at school. He said it wasn't fair.
Me: Did you know it was against the rules to throw snowballs?
Him: Yes but I didn't throw it at anyone.
Me: Did you know that there would be detention for anyone who did?
Him: Yes but others were doing it too.
Me: Did you choose to throw a snowball?
Him: Yeeees < dawning realisation > 
Not sure if the detention is a consequence or punishment though. In my eyes it's a natural consequence.
One of the great things about consequences is that if you do it from when they are little, they do actually make fairly reasonable decisions as teenagers. Or at least mine do. So far...
And the absolute best bit is that it's their choice, their consequence. It's their decision whether they make the right choice or not so they cannot blame me at all.
's sweetly.