Goalfinch is a goal setting tool built on a principle that economists have known for centuries: incentives matter. If there’s a goal you want to accomplish, you have the best chance of succeeding when there are incentives in place to reward you for getting it done. Goalfinch helps you create incentives to accomplish your goals.
You start by defining a goal, picking a deadline (all good, measurable goals have deadlines), and inviting some of your Facebook friends to verify whether or not you accomplish your goal. Then you make a financial contribution to Goalfinch. This money is “on the line” until you either reach or fail to reach the goal. It’s an additional incentive to motivate you to go out and get it done.
When you reach your goal, your friends should sign in to Goalfinch and confirm that you have succeeded. By default, Goalfinch won’t count your goal as successful until all the friends you invited come to the site and do this. If you succeed before the deadline, congratulations! Goalfinch will send your contribution back to you. If you fail, however, Goalfinch will donate the money to a charitable or non-profit organization (you can select one while defining your goal).
You also have the option to distribute your contribution proportionally: For each friend that confirms you’ve completed your goal, we’ll return a portion of your money to you, up to the full amount. For example, if you invite three friends to verify your goal but only two of them confirm that you complete it, you’ll get two thirds of your money back. The rest will be donated.
You can find all the information at http://goalfinch.com