If you’re like many people, you’ve set one or more financial goals for yourself. You might be trying to stick to a personal budget, save more for retirement, pay off your credit card debt, build an emergency fund, or buy a house.
There’s just one small problem: You want the reward, but don’t want to do the work it takes to get there. So you procrastinate and continue to spend and charge and dig yourself deeper into debt. What you may need is a commitment device, a way to keep yourself accountable in reaching your goals.
What Is a Commitment Device?