If you're like thousands of people, you started 2012 with several goals you want to achieve in the upcoming year. For many people, new year's resolutions involve losing weight and earning more money. Sadly, a good portion of people will abandon those goals within a couple of months, only repeat the vicious cycle the next year.
This year doesn't have to be like every other year -- you can achieve your weight loss and money goals with some planning and perseverance. One company that aims to help people hit both their monetary and weight loss goals with HealthyWage.
What is HealthyWage?
Healthy Wage is a weight loss contest that gives people a monetary incentive to lose that excess poundage. The company has a variety of options, including free and paid weight loss challenges.
Experts agree that there isn't one set way to lose weight -- everyone is different, so what works for one person might not work for another. HealthyWage offers three different types of weight loss incentives.
Credit: HealthyWage.comThe 10 Percent Challenge -- The Ten Percent Challenge rewards little weight changes that add up to big-time health improvements. You have two options with the 10 Percent Challenge: Pay $100 and win $200 if you lose 10 percent of your body weight in six months, or save your money and win $100 for losing the 10 percent over the same amount of time.
The BMI Challenge -- The BMI Challenge is a weight loss contest for those looking to lose a larger amount of weight over a longer period of time. In this challenge, you can win up to $1000 for losing enough weight to drop your BMI from above 30 to a normal range (under 25.) To win the $1000, you must put up $300 at the start.
The Matchup -- The Matchup puts a team together in a weight loss contest to win $10,000. Studies show that people tend to lose more weight when others are depending on them, so The Matchup works well for co-workers, families and anyone else who wants to lose weight as a group.
Will HealthyWage Work for You?
A common question about the program is what happens if you don't make your goal before the deadline. In short, you lose any money you pay at the beginning of your weight loss contest. So, there's definite risk involved.
We cannot tell whether or not HealthyWage will work for everyone. However, the program is a good choice for those motivated by making money while losing excess weight.
Other Ways to 'Make' Money While Losing Weight
The challenges aren't the only way you can "make" money while losing weight. The web is filled with the different ways and ideas real people are using to motivate themselves to better health. For example, you could set aside some money (say $10) per each pound you lose. Put that case in an interest-earning savings account and watch that money grow.