Are “Gym Pacts” The Future?

Would you sign up to pay more gym fees based on your (in)ability to stick to your workout schedule? Gym-Pact in Boston is trying out this business model – where participants pay more if they miss their scheduled workouts.

What do you think? Would this method work for you?

I guess this is a new way of putting your money where your mouth is – or maybe we should say your money where your motivation is?

UPDATED 2/6/11:  I just learned that Gym-Pact has a website and you can find Gym-Pact on Twitter if you want to learn more.

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