SEATTLE – Losing weight is big business. According to The New York Times, Americans spend $5 billion to drop the weight but many don’t succeed.
But now, there are many websites out there that actually pay you to lose, but there’s a catch.
Healthywage.com is helping busy mom Jessica Smith drop her baby weight.
“I gained a lot of weight with my son and lot more than I should have,” says Smith.
Smith’s goal is to lose 45 pounds over the next year. Each month she puts $60 of her own money into the pot. Over the year, she will pay $720.
But, if she loses the weight, she will walk away with more than $2,000.
“Knowing there is a set date that I have to lose it by, yeah, the money has been pushing me,” says Smith.
Dietitian Deb Enos says it’s a great idea.
“When people have to put money down, it puts their feet to the fire,” says Enos.
But it only works for some people. The success rate on Healthywage.com is only 1/3 and men have better luck than women. A recent study found people are 5 times more likely to lose weight when money is involved.
Jessica Smith is already down 25 pounds and she’s confident she will meet her goal.
To learn more, click this link.