New app pays you to exercise!

Written by PTI | Washington | Updated: Jul 31 2014, 23:50pm hrs
Want to lose weight and get paid for it There's an app for that!

The app, called Pact, works by tracking your workouts and awards money if you meet your fitness goals.

The app tracks the users when they check into a known gym and monitors how long they stay.

Users can also wear a fitness band or use their phone's GPS to log miles.

Each week, users pledge that they will do a certain number of workouts. Any gym workout, run, bike ride over 30 minutes, or 10,000 steps in a day counts.

Users also have to enter what penalty they are willing to pay if they miss a workout.

There is a USD 5 minimum fine for skipping a session, 'WFAA-TV' reported.

Reward money is from the pot of fines from people who failed to honour their pact.

Rewards generally range from USD 0.30 to USD 5 per week, depending on the number of activities committed.