What is Cave Squad?
Cave Squad is Caveday's structured accountability program that combines financial commitment with peer support to drive task completion.
How Financial Stakes Work
Setting Up Stakes
- Join a monthly Cave Squad cycle
- Commit to specific tasks to complete
- Place financial stakes OR set reward goals
- Squad holds you accountable throughout the month
Types of Stakes
Financial Penalties
- Pledge money that you'll lose if you don't complete tasks
- Amount is meaningful enough to motivate
- Money goes to charity or cause you oppose
- Creates strong aversion to failure
Reward-Based
- Set positive rewards for task completion
- Earn the right to buy/do something you want
- No permission to reward without completion
- Creates positive motivation
The Psychology Behind Stakes
Loss Aversion
- People are more motivated to avoid losses than gain rewards
- Even small financial stakes create significant motivation
- The pain of losing money drives behavior change
Public Commitment
- Announcing stakes to squad increases accountability
- Social pressure reinforces commitment
- Don't want to disappoint team members
External Consequence
- Internal motivation isn't always enough
- External stakes provide the push needed
- Bridges gap between intention and action
Monthly Cycle Structure
- Start of Month: Set commitments and stakes
- Throughout Month: Regular Cave sessions for work
- Check-ins: Update squad on progress
- End of Month: Report completion, resolve stakes
- New Cycle: Set new commitments
Integration with Caveday Sessions
Cave Squad members:
- Attend regular Caveday focus sessions
- Work on staked commitments during Cave time
- Share progress with squad
- Support each other's goals
