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Getting paid to exercise

September 4th, 2007 at 09:14 pm

Well, it's not nearly that exciting; it's our own money. NT's job finally got straightened out, so we have a little more money in play than we did before. Some of it will be going to a more aggressive debt-repayment plan (which I will launch in October, after I get some other things straightened out). And some will be going toward a bigger cable package and DVR, which we've been dying to get. Some will go into a short-term savings account, where we'll save up money for various things like travel and home improvement. But there will still be some money left over. (This may change next year when some student loans come due and our ARM goes up, but not for awhile.)

So, since everyone in my family has been looking for motivation to work out, I've started an exercise incentive plan. There is now a reward of $5 extra spending money every time one of us works out for half an hour. If we don't work out enough to earn all the money I'm setting aside, it will go toward debt principal or into savings, wherever I need it.

To make it even more fun, I took out the first batch of workout money in $2 bills and the new dollar coins! They're really neat-looking. I had to special-order them from the bank because they didn't have any there.

So far it's working! We went for an hour-long brisk walk together around town on Sunday, "earning" $10 each, and each of us managed another half hour of exercise on Monday, so we each get another $5.

I could be putting this toward debt, but if I can get us healthier, that's just as big an investment in our future.

3 Responses to “Getting paid to exercise”

  1. Ima saver Says:
    1188942193

    What a cute idea. I do pay myself $1 for walking a mile, but $5 would really get me motivated!

  2. mariejensen2007 Says:
    1188948032

    I think I will do the same! Thanks for the great idea!

  3. Househopeful Says:
    1188991239

    I really like the idea of rewarding yourself for working out! Great way to involve the whole family!

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