stickK

stickK is a commitment-contract platform built on behavioural economics from Yale researchers. You define a goal, optionally stake money, name a referee who verifies your reports, and choose who gets your money if you fail: a friend, a charity, or an anti-charity, an organisation whose views you oppose. Failure means the money is genuinely gone.

CategoryCommitment contract platform
PlatformsWeb, iOS, Android
PriceFree to use; you set your own stakes (minimum $5 per reporting period on staked contracts)
StakesForfeited money goes to your chosen recipient: friend, charity or anti-charity; stickK deducts transaction costs
Best forBig single goals: quitting smoking, finishing a thesis, weight targets
LimitationsSelf-reported unless you appoint a strict referee; no automatic data feeds
stickK interface
stickK, as presented by its developer

What happens when you fail

Each reporting period you report success or failure, and your referee, if you named one, confirms or disputes it. On a failed period your staked money for that period is forfeited and sent to your chosen recipient; stickK forwards forfeited charity stakes, minus transaction and accounting costs, in bulk donations. You never get failed stakes back, and with an anti-charity your failure actively funds a cause you oppose, which is the point: the anticipated sting is designed to outweigh the comfort of putting things off.

What it does well

Where it falls short

Related

Accountability partnersPresent bias

Frequently asked questions

Where does the money go if you fail on stickK?

To whoever you designated when creating the contract: a named friend, a charity, or an anti-charity you oppose. stickK sends charity and anti-charity forfeitures in bulk, minus transaction costs, and you cannot reclaim them.

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