Comments on: The cost of breaking a commitment? http://ww3.startribune.com/blogs/kablog/2008/03/31/the-cost-of-breaking-a-commitment/ Pu the "personal" back in personal finance, the "me" in money management, the "I" in investing. Sat, 30 Aug 2008 04:45:46 +0000 http://wordpress.org/?v=2.3.3 By: Jack http://ww3.startribune.com/blogs/kablog/2008/03/31/the-cost-of-breaking-a-commitment/#comment-8983 Jack Wed, 02 Apr 2008 17:56:42 +0000 http://ww3.startribune.com/blogs/kablog/2008/03/31/the-cost-of-breaking-a-commitment/#comment-8983 Great idea Kara as I've been looking for an incentive to get back on the exercise wagon. I really like the option to choose an anti-charity whose mission is completely against what someone might believe in as that's a really incentive. Tell you what, I'll match your 4x12 exercise plan and your $240 and you can give it to the person whose email you choose or the charity of your choice. I'll send you my email (you probably already have it) and we can monitor each other. I'll also give the link to my wife so she can keep an eye on me. I'll start this weekend. Great idea Kara as I’ve been looking for an incentive to get back on the exercise wagon.

I really like the option to choose an anti-charity whose mission is completely against what someone might believe in as that’s a really incentive.

Tell you what, I’ll match your 4×12 exercise plan and your $240 and you can give it to the person whose email you choose or the charity of your choice.

I’ll send you my email (you probably already have it) and we can monitor each other. I’ll also give the link to my wife so she can keep an eye on me.

I’ll start this weekend.

]]> By: mike d http://ww3.startribune.com/blogs/kablog/2008/03/31/the-cost-of-breaking-a-commitment/#comment-8982 mike d Wed, 02 Apr 2008 17:42:35 +0000 http://ww3.startribune.com/blogs/kablog/2008/03/31/the-cost-of-breaking-a-commitment/#comment-8982 I'll have to admit that money is one thing that would definitely motivate me to exercise more, so I like the idea. I just don't know if it would be enough to overcome my sleepwalking lifestyle...in fact, I am asleep as I type this. There's no way I'm keeping that money if I did the same thing... Best of luck, Kara! I'm sure you'll do better than I would. I’ll have to admit that money is one thing that would definitely motivate me to exercise more, so I like the idea. I just don’t know if it would be enough to overcome my sleepwalking lifestyle…in fact, I am asleep as I type this. There’s no way I’m keeping that money if I did the same thing…

Best of luck, Kara! I’m sure you’ll do better than I would.

]]> By: MR http://ww3.startribune.com/blogs/kablog/2008/03/31/the-cost-of-breaking-a-commitment/#comment-8980 MR Tue, 01 Apr 2008 15:46:23 +0000 http://ww3.startribune.com/blogs/kablog/2008/03/31/the-cost-of-breaking-a-commitment/#comment-8980 As the weather gets nicer outside, I get more motivated to get out and do things. My personal motivation comes from the start of the summer sports season: playing soccer and frisbee in six weeks is a powerful motivator for me. As the weather gets nicer outside, I get more motivated to get out and do things.
My personal motivation comes from the start of the summer sports season: playing soccer and frisbee in six weeks is a powerful motivator for me.

]]> By: Ann Marie http://ww3.startribune.com/blogs/kablog/2008/03/31/the-cost-of-breaking-a-commitment/#comment-8979 Ann Marie Tue, 01 Apr 2008 13:45:43 +0000 http://ww3.startribune.com/blogs/kablog/2008/03/31/the-cost-of-breaking-a-commitment/#comment-8979 My husband started a Biggest Loser style weight loss competition at work. Each person paid in $100 and each week they would weigh in, and if anyone gained weight, they had to pay in $5 per pound. My husband was really motivated by this. He lost over 50 lbs and won the contest (about $900). We conveniently started the process of getting life insurance after this was over and qualified for the elite rate (will save us lots of money over the years). He has kept if off for over 1 year and is now training for a triathalon. My husband started a Biggest Loser style weight loss competition at work. Each person paid in $100 and each week they would weigh in, and if anyone gained weight, they had to pay in $5 per pound. My husband was really motivated by this. He lost over 50 lbs and won the contest (about $900). We conveniently started the process of getting life insurance after this was over and qualified for the elite rate (will save us lots of money over the years). He has kept if off for over 1 year and is now training for a triathalon.

]]> By: Jane http://ww3.startribune.com/blogs/kablog/2008/03/31/the-cost-of-breaking-a-commitment/#comment-8977 Jane Tue, 01 Apr 2008 02:04:47 +0000 http://ww3.startribune.com/blogs/kablog/2008/03/31/the-cost-of-breaking-a-commitment/#comment-8977 Is that as effective as the <a href="http://blog.pcnews.ro/2007/04/02/wifi-donation-alarm-clock/" rel="nofollow">WiFi Donation Alarm Clock</a>? Is that as effective as the WiFi Donation Alarm Clock?

]]> By: Ryan http://ww3.startribune.com/blogs/kablog/2008/03/31/the-cost-of-breaking-a-commitment/#comment-8976 Ryan Mon, 31 Mar 2008 23:01:48 +0000 http://ww3.startribune.com/blogs/kablog/2008/03/31/the-cost-of-breaking-a-commitment/#comment-8976 A bit off the subject, but a fundamental problem in economics is how various incentives affect the behavior of market participants. Freakonomics provides an interesting handling of incentives, and gives insight into why people do things, and what causes socioeconomic trends. http://www.amazon.com/o/ASIN/0061234001/ A bit off the subject, but a fundamental problem in economics is how various incentives affect the behavior of market participants. Freakonomics provides an interesting handling of incentives, and gives insight into why people do things, and what causes socioeconomic trends.

http://www.amazon.com/o/ASIN/0061234001/

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