Need a Fitness Incentive?

New Startup Offers a Financial Spur for Your Resolution

So crazy it might just work: we were intrigued to hear about the new startup Gym-Pact.

For people who just can’t seem to make it to the gym, this smartphone app lets you set your desired workout frequency. Once you commit to it, you get rewarded in money for working out — or you lose money for failing, which goes to pay the people who made it to the gym.

Devious and simple. The app uses GPS to determine who’s been naughty and who’s been good.

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