If you’re not feeling very motivated to lose those extra pounds, here’s a nice little incentive that might help change your mind: cold hard cash. I don’t know about you, but the frugalista in me is definitely motivated by that.
There are two sites I have personally used and love: DietBet and HealthyWage. I used DietBet monthly to lose the baby weight after Cici and I’m at it again to lose it again from Baby J. I’ve just completed my first round and am happy to say, I WON!
When you sign up at DietBet, you can create your own game or join one that’s already in progress. I personally always join one, but that’s just my preference. Also, DB offers two different types of games: lose 4% of your body weight in four weeks or The Transformer for losing 10% of your body weight in six months. Note that you can do these consecutively as well.
So how does it work you say? You pick a game that suits your budget (bets can range from $10-$500) and put in your deposit and weigh-in. In 30 days (or 6 months if playing the 10% Transformer) everyone submits their final weight and the winners split the pot evenly. Payouts are made via Paypal a few days after verification. For example, the last time I won I had deposited $25 and received back $48.33 (my $25 deposit and $23.33 in winnings from the pot). I chose to reinvest it into another DietBet game until I reached my goal weight, but you can cash out if you’d like as well.
I’m currently signed up for Shape Up for Summer with Heidi & Chris Powell with a $30 deposit, $151,980 in the pot, and 5,066 players as of May17. Wish me luck!
Healthy Wage is for more significant weight loss. You can set it for 10-150 lbs to lose, over 6-18 months, for anywhere from $20-$500 bet per month. It has a handy online calculator which allows you to determine roughly what your payout will be. In most cases, the prize won’t be less than $100.
If you want to do a Healthy Wage team challenge, you will have to put up the entry fee which is currently $25 per month for up to three months. The team challenges advertise much larger payouts — up to $10,000. However, this top dollar prize is if your team is the most successful and has a higher percentage of weight lost than any other teams participating.
These programs and their apps work for me because I’m motivated in three ways:
1. I want to lose weight and be healthy
2. I do not want to lose my deposit
3. I love to get paid
Have you tried either of these? What incentives do you need/use to get in shape?
For more information, you can check out this excerpt from Good Morning America: