Want to drop a few pounds? You may have more success if you pay yourself for weight loss! According to a recent USA Today article, a recent study found that folks are more likely to lose weight if their bosses offer cash rewards as an incentive. The research suggests that money does, indeed, motivate--even when it comes to weight loss.
So if you're trying to whittle your waistline, consider implementing a financial incentive strategy to keep you motivated. Here are some suggestions:
Join up with others! Find a group of likeminded folks who also want to lose weight, then hold your own "Biggest Loser" contest! Each participant contributes a set amount of cash--such as $20 or so. At the end of a specified period of time, the person who loses the most weight, fat or inches gets the money!
Pay yourself per pound! For every pound you lose, put a certain amount of money--like $1 or $5--in a jar. Once you reach a "goal weight," permit yourself to spend that money on something you really want, whether it's a new tech gadget or a weekend getaway.
Save up your calories! Every time you resist the purchase of a high-calorie food--like vending machine snacks or supermarket checkout candy--stash the amount you saved in an envelope. At the end of every month, use that cash to reward yourself with a small non-food treat, like a manicure or hardback book.