Precommitment Strategies

Precommitment strategies are techniques used to lock oneself into a specific decision or behavior to achieve better long-term outcomes. Essentially, they involve making a commitment in advance to overcome future temptations or impulses. For example, someone might automate their savings by setting up a direct transfer to a savings account, which prevents the temptation to spend that money. By precommitting, individuals reduce the risk of making poor choices later, helping them stay on track with their goals, whether in finances, health, or personal development.