A savings plan that is too expensive to quit
Right now, nothing happens when you stop saving. You skip a month, skip another, eventually forget about it. No consequence. No friction. That's why it doesn't stick.
The commitment pool changes that. A pool runs for maybe 3 years(could be any duration), with monthly contributions. You join at the start and choose your amount, say $50/month. Someone else might choose $200. Doesn't matter. Everyone's on the same schedule.
If you miss a contribution, you're out, and everything you've already put in stays in the pool.
That's what makes it work. Month 3, quitting costs you $150. Month 12, it costs you $600. Month 30, you're walking away from $1,500. The longer you've been in, the harder it is to stop. Your past deposits become the reason you keep going.
After 36 months, you walk away with everything you put in, $1,800 in this example. That's your emergency fund, built one month at a time, because you never had a painless way to quit.
And if someone does drop out? Their contributions get distributed to everyone who's still in, proportional to what each person put in. It's not the point of the system, most people probably wouldn't drop out, precisely because the cost is so high. But when it happens, it's a small bonus for everyone who stayed.
What do you think about this? Should it be on Sui? Would there be demand for such a product?
Curious if anyone else has thought about commitment devices or behavioral finance tools like this. I would love to hear other ideas.