According to the Statistic Brain Research Institute, 45% of Americans who make New Year’s resolutions list losing weight or improving their finances as their top priority. With the help of technology, and sometimes with a slight risk, these he can achieve two goals at the same time and make money by losing weight.
Last week we covered how to cut your budget without breaking it. But you can also burn and earn with smartphone fitness apps that give you the tools to lose weight and get paid when you reach your fitness goals. Money is a powerful motivator when it comes to weight loss. Researchers at NYU Langone Health and NYU Grossman School of Medicine found that people were more financially motivated to lose weight or complete weight loss activities than free, standalone tools like diet books, weight loss programs, and fitness trackers. I discovered that it is in
There are legitimate apps that reward achievements with points that can be converted into gift cards, coupons, and more. Evidation (formerly AchieveMint) is one of several free apps that connect to your fitness tracker to help you earn points for the healthy behaviors you’re already doing. Points can be exchanged for cash. However, the data you provide may be used by researchers.
There are also weight loss betting apps that use cash-based challenges to inspire you to success, with HealthyWage and DietBet being the most popular. Enter the weight you plan to lose, the duration, and the amount you bet each month to reach your goal. The app will calculate how much cash you can win based on your wager. If you’re her 200 lb woman and in 10 months she promises to lose 25 pounds and in a month she’s willing to bet $20, $418, which means she’s 218 You can make a dollar profit. If you don’t reach your goal, you lose $200. HealthyWage claims she paid over $9 million in the last 12 months.
Apps like HealthyWage and DietBet also offer the opportunity to compete with other users and achieve results. HealthyWage is currently hosting a $5,5000 challenge. All individuals who reach or exceed the 6% weight loss goal on a verified scale at the end of the challenge will win an equal share of the prize funded by HealthyWage, so there is no entry fee.
To help you on your journey to make money and lose weight, we’ve rounded up some of the top rated fitness apps available for both iOS and Android.
Health Wage: Choose how much weight you want to lose (must be at least 10% of your body weight) and how many months you need to reach your goal. Putting in more money and losing more weight can mean more payouts.The total bet must be at least $100. Winnings can reach thousands of dollars if you drop a good amount. However, if the target is not achieved, the amount wagered will be forfeited. You can use the Instant Prize Calculator to determine your prize range before you start. HealthyWage also offers group and company challenges. This app has an A+ rating from the Better Business Bureau.
Diet Bet: Compete with others and bet cash on dropping pounds. You’ll need to join a “game” or weight loss challenge group, or start your own with a friend. First, put money in the DietBet pot and aim to lose 4% of his body weight in 4 weeks, or 10% of his weight in 6 months. Whoever reaches the goal splits the pot.
evidence: Earn points by syncing the app with fitness trackers, social accounts, and other health apps. No need to check in and record points. The app automatically accumulates data from linked accounts like FitBit and Apple Health. Earn points by completing surveys and redeem points for cash or donate to charity. 10,000 points are worth $10.
step bet: The goal of this fitness game is to become more active. Players connect their fitness tracker and ‘bet’ on themselves to meet the game’s weekly personalized step goals. If you reach your goal each week, you’ll split the pot with the other winners at the end of the contest. Most games last him at least six weeks. The stakes vary from game to game, but most are $40. To date, the company claims about 1.3 million people have participated over the years and $145 million has been paid out to the winners.
Sweatcoin: The free, UK-based app earns prizes by walking in the app’s digital currency, SweatCoins. You can use it to purchase goods and services from the company’s marketplace, including Amazon gift cards, Apple Watch, etc. If you’re feeling generous, you can donate SweatCoins to charity.
