Stickk to your promises

Stickk.com is a recently-launched website which allows you to create a contractual commitment with your family, friends or colleagues at work, to help you achieve a personal goal – such as keeping to your new year resolution, losing weight, giving up smoking, doing regular exercise, running in a marathon or improving your grades at school or college.

“We are trying to motivate people to accomplish personal goals by having users literally put something on the line. We’re not simply a motivational site. We’re actually giving them the necessary tools for success.” – Dean Karlan, co-founder of Stickk.com

The name of the site comes from its use of the “carrot and stick” approach, but it is also about making commitments and “sticking” to them.

On Stickk.com, you draw up an official commitment contract that binds you to achieving a personal goal, be it big or small. By agreeing to this contract, you publicly state your goal and commit to achieving it. In this way, you are staking your reputation on success.
To make you accountable as you work towards your goal, you file weekly reports on your progress. You are also asked to appoint someone you know as a “referee” to verify the accuracy of your reporting! You also enlist as many supporters as you like to encourage you.

To keep yourself focused on your goal, you are asked to record your progress daily in a personal journal. 
And if you
want to up the ante, you can gamble on your success. If you accomplish your goal, you get your money back. If you don’t, your money goes to charity or to someone you’ve designated in advance. The Stickk.com website has been designed to make you more likely to stickK with it until your goal is accomplished.

How to create a commitment contract in four easy steps

Step One: Choose your goal
Write down what you pledge to do. Or you can click on one of the popular commitments on the website. And then select one of the following two commitment categories, which will determine the structure of your contract:
a. A one-shot commitment 
to achieve something very specific, such as to quit smoking or to complete a given task by a certain date. At your deadline, you will either have succeeded or you will have failed.
b. An ongoing commitment, such as committing to using reusable shopping bags whenever you go shopping or giving up drinking bottled water. For an ongoing commitment, you select the timeframe of your choice, up to a maximum of 52 weeks.

Step Two: Choose your stakes
This is what you are willing to wager on achieving success. You can choose to bet money on this. You decide how much and who will get the money if you fail your commitment. This can work in two ways, depending on whether your goal is one-shot or ongoing. For example on a one-shot commitment, you might decide to bet
$500 and choose a friend as the recipient of the money if you fail. You pay the money now as a bond. If you succeed, you will receive a $500 cheque. If you fail, the $500 cheque will be sent to your selected beneficiary. For an ongoing commitment, you can bet a sum of money each week.
For example, if you commit to jogging three miles four times a week for a period of 8 weeks, you might decide to bet $25 each week. You pay an up-front total of $200, and then each week that you don’t fulfill your pledge, $25 is sent to your selected beneficiary; and at the end of the 8 weeks, whatever balance remains is returned to you.

You have three recipient options:
• Charities, where the money is pooled and sent to a selected group of charities selected by Stickk.com.


• Anti-charity, where
you select a cause that you DON’T believe in from the list provided. For example if you believe in gun control, your losing bet would go to the National Rifle Association Foundation. The less you believe in the cause, the harder you will want to work to ensure that the organization does NOT get the money.
• A friend or foe, where
you designate someone you like or dislike to receive the money. Stickk.com then notifies the person via email and requests their mailing address, so that they can be sent them a cheque. If the designated person declines the money or doesn’t respond to repeated emails within a week, the money will go to charity instead. A group of friends might want to create a group contract in which each commits a certain amount of money to a pool, and the entire pot going only to those who accomplish their goals

Step Three: Choose your referee

This is the person you designate to hold you accountable to your goals. You can choose a friend, a family member or a colleague. It helps if your referee is someone you really don’t want to disappoint… someone who’ll stickK it to you if you start slacking! Being accountable to someone other than yourself gives you that extra push. When you report success, your referee’s job is to confirm the accuracy of this. If you report failure, there’s no need for the referee to confirm this. If you report success when you actually failed, and your referee blows the whistle on you and reports failure, then the week is counted as a failure. And if you neglect to file your weekly report, you get an automatic failure for that week.
If you trust yourself implicitly and absolutely insist on going at it alone, there is an alternate of an honour system, where your reports are accepted without referee confirmation.

Step Four: Choose your supporters

These are friends, family members and colleagues who you designate to support and encourage you in achieving your goal. They will receive updates on your progress as you make your weekly reports and journal entries. They can respond by sending you messages of encouragement. Never underestimate the guilt factor. The more people to whom you are accountable, the greater the chance you’ll succeed. So surround yourself with supporters who you don’t want to let down!

www.stickk.com