Gym memberships can be expensive. Despite this, many of us find ourselves paying for memberships that we really don’t use over the long-term. However, a new partnership between GymPack and RunKeeper hopes to change this by adding a financial incentive for us to reach our fitness goals.

GymPack with RunKeeper integration awards folks with cash rewards for sticking to their goals. However, if you don’t reach your weekly goals, you’ll be one of those that awards those who do. The process works like this:

First, you must sign up for both a free GymPack and RunKeeper membership. Once this is complete, use the free GymPack app to set your goal. For example, your goal could be to go to the gym three days in a week. For this, you would be awarded $2.10 per week.

You must also set the amount of money you would be willing to lose if you don’t make your goal. According to GymPact, most people start out with $10 per missed gym day. However, you can select any amount starting at $5. In other words, you’ll lose more money by not making your goal than you will if you do. To get started, you’ll need to enter your debit or credit card number into the app.

According to The Next Web, the following RunKeeper activities will count towards your goal:

  • All runs, walks or bike rides tracked by RunKeeper’s GPS
  • Minimum 1/2 mi (0.8 km) distance
  • Minimum of 30 minutes activity, with a pace exceeding 2 mi (3.2 km) per hour

As an added incentive, GymPact is giving $5 to the first 1,000 users who connect to RunKeeper and track their first activity that counts towards GymPact.

I’ve never been a betting man. Still, what GymPact has done here sounds promising. This is especially true for those of us that need to lose weight, but often times like to skip a trip to the gym.

From the GymPact app’s website is this disclaimer: To confirm your workout when you are checked in, GymPact tracks your location at time intervals of several minutes to ensure that you are at the gym. Although we have designed these location checks to conserve battery, continued use of GPS running in the background can dramatically decrease battery life.

Note: An update to the GymPact app, which includes the RunKeeper integration, has yet to hit the App Store. It should arrive soon.