How Financial Commitment Works
Financial commitment - MOST POPULAR!
If you choose this motivation booster, you’ll make a financial commitment to your own goals. You’ll get your committed amount back if you complete all of the game activities. Research on deposit contracts shows that committing your own money can be a powerful accountability tool. More than 1,000,000 people have used a financial commitment with WayBetter. Players who made a financial commitment were 5x more likely to reach their goals than players who didn’t.
Accountability partner
Not ready to make a financial commitment? That’s okay! If you choose this motivation booster, you’ll invite a friend or family member to keep track of your progress and cheer you on. It’s easy and free for both of you, and they are not required to download the app. All the cheering happens outside the WayBetter app. We will suggest that your partner call or text you during the game to help motivate and support you, but you can do whatever works best for both of you. Studies show that when we know someone is supporting us, we’re more likely to reach our goals. We also encourage your accountability partner to play in the game with you and will include a link to the game in the invitation. At the end of the game, participants who complete the requirements earn bragging rights. They receive a financial reward only if the rules of that game provide one.
Commitment on social media
If you choose this motivation booster, you’ll post on your favorite social media platform and share that you’ve joined the game and committed to the goal. It’s easy and free. Studies show that making a public commitment can make us more likely to follow through. We’ll include a link to the game in your post so your followers can join in the fun. At the end of the game, participants who complete the requirements earn bragging rights. They receive a financial reward only if the rules of that game provide one.
Where can I learn more?