Forfeit

Forfeit is an accountability partner app designed to help users maintain habits and achieve goals by leveraging financial motivation. The app operates on the principle of loss aversion, where users are more inclined to complete tasks to avoid losing money rather than gaining it. Users can set up "forfeits," which involve staking a chosen amount of money on completing specific tasks by a deadline. If the task is not completed, the user loses the staked amount.

To verify task completion, Forfeit offers multiple methods, including submitting photos, timelapse videos, or using integrations like Apple Health for fitness tracking or Rescuetime for monitoring screen time. Users can also opt for GPS verification to prove their presence at a specific location. The app allows for self-verification or verification by a team member, ensuring accountability while providing flexibility.

Forfeit aims to foster a sense of personal responsibility and motivation by making users financially invested in their goals. This approach helps build consistent habits and encourages users to stay committed to their objectives. The app's design is straightforward, allowing users to set their own stakes and choose how they want to prove task completion, making it a practical tool for those seeking an additional layer of motivation to achieve their goals.