It’s 1st of Jan, and as with a fresh start, people are motivated to make money moves to set the right tone. Positivity FTW!

Even though I could have slept in, I woke up at my usual timing today so that I could spend some time on Seedly, a personal finance site. It’s a platform for students and young adults and those nearing retirement to raise their money concerns and get advice from fellow Singaporeans.

What’s interesting is how it incentivises discussion. When I make a post or a comment, I get 150 credits.

To prevent people from spamming and gaming the system, Seedly keeps the credits to a maximum of 5000 every month. In other words, I need only respond 34 times a month in order to get 5000 credits.

What does one do with the credits, I hear you ask? This time round, I was motivated to apply the low time preference principle and ‘work’ steadfastly for six months. This is because I was gunning for the $30 worth of NTUC FairPrice supermarket vouchers.

Yesterday, I had 29,350 credits. Hence, this morning, I answered five questions and laid bare my point of view. It was a gratifying moment when I managed to redeem my credits for the coveted $30 vouchers!

$30 isn’t a lot, but I intend to use it to buy my Asahi beer as well as snacks to make my children happy. So, it isn’t quite nothing.

I feel thrilled, having completed the first day of the year with vouchers in my pocket. One thing’s for sure: I will continue to support Seedly.