Get Paid to Work Out...Pay if You Don't

January 29, 2013 Updated Nov 3, 2013 at 7:00 AM EDT

By Mitch Simon

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January 29, 2013 Updated Nov 3, 2013 at 7:00 AM EDT

A new app has been created to offer cash rewards for people who work out.

The app is called Gympact

You make a pact and the beginning of the week on how many days you'll commit to working out. Then, you set the stakes of how how much money you will pay if you don't meet the goal. Then, you check in to your gym with their GPS

Gympact tracks your status at the gym based on the amount of time you are there. If you succeed, you get paid! If not, you are entitled to pay the amount you committed before the week.

The app takes all of the money lost by non-exercisers and divides it up and distributes it to all of the people who succeeded in their weekly goal.

The more days you commit too, the more money you make!

The app is free and can be found in the Apple Store and Android Marketplace.

For more information about the app, click HERE

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