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90-Second Financial Fix

Fat savings on weight-loss programmes

About the author

Kelsey Hubbard is a freelance broadcast journalist based in Connecticut. She is a former host of ABC News’ Money Matters and was a longtime host and reporter for The Wall Street Journal’s daily video business news shows.

Are you hoping for a “new you” in the New Year? As the calendar turns over, many of us set goals to slim down and improve our fitness levels. But many of us lighten our wallets more than the scales when we undertake weight-loss programmes.

Americans spend $60 billion a year on schemes and products for losing weight while Australians paid out a total AUD$6.6b ($5.9b) for their (largely unused) gym memberships and exercise equipment last year.

But it is possible to whittle away your waist while keeping money in your pocket.  For instance, did you know there are programmes that actually pay you for losing those extra pounds? Click “play” to learn the most innovative ways to save money while losing weight — in 90 seconds.

(Photo credit: Jean-Pierre Clatot/AFP/Getty Images)