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Get Paid To Exercise, Get Charged If You Don’t

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People working out on treadmills at a gym. (credit: Getty Images/China Photos)

NEW YORK (CBS) - Looking for a way to inspire yourself to exercise? How about putting a little cash on the line? Studies indicate that even a small reward can inspire behavioral change. And when it comes to exercise, that means you’ll probably benefit economically, too, since good health saves money on everything from doctor’s visits to life insurance. Such is the raison d’etre of a new website called GymPact, which promises to pay you to exercise — and charge you when you don’t. It’s both a carrot and stick approach to get you to the gym, which is often the toughest sell of exercise.

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