Skip gym workout? App will 'fine' you
Source: Agencies |
January 17, 2012, Tuesday
|
Print Edition
Print Edition
If a bulging waistline isn't enough of a motivator to go to the gym, a new iPhone app adds a financial incentive to provide that extra nudge.
The app GymPact charges users a fee for every gym commitment they skip. The fee can range from US$5 to US$50.
"We decided to motivate people by having money on the line, rather than giving them money, which is a very radical departure from other motivational apps and programs," explained Yifan Zhang, GymPact's co-founder and CEO.
After providing a credit card, GymPact's users make a commitment for the number of times each week they will go to the gym, along with the financial penalty they will incur if they don't.
At the end of the week, the company charges users who did not meet their goals. That money is distributed to users who kept their commitments. Users who committed more get a bigger portion.
To validate the time spent at the gym, users must check in at a venue for 30 minutes for the workout to count.
The app GymPact charges users a fee for every gym commitment they skip. The fee can range from US$5 to US$50.
"We decided to motivate people by having money on the line, rather than giving them money, which is a very radical departure from other motivational apps and programs," explained Yifan Zhang, GymPact's co-founder and CEO.
After providing a credit card, GymPact's users make a commitment for the number of times each week they will go to the gym, along with the financial penalty they will incur if they don't.
At the end of the week, the company charges users who did not meet their goals. That money is distributed to users who kept their commitments. Users who committed more get a bigger portion.
To validate the time spent at the gym, users must check in at a venue for 30 minutes for the workout to count.
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