ABCD
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Settings
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Participant 1 Name:John
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Participant 2 Name:Jane
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Starting Date4/19/2018
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Interval between weigh-ins (Days):7
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Target weight delta between intervals (lbs):2
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Weight Gain Penalty ($/£):15
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No Change Penalty ($/£):10
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Weight Loss (Under Target) Penalty ($/£):5
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Instructions
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This system is designed to motivate two people who are aiming to both lose weight together. Each person is motivated to continue hitting weight loss targets over an extended period of time by being liable to pay the other person (or an escrow) money if they fail to meet regular weight loss targets.
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There are monetary penalties, which are adjustable using the settings cells above, that are to be levied when you fail to hit a weight loss target for a given weigh-in. If you gain weight, experience no change in weight or fail to hit a target, you must pay either the other person or an escrow the amount of money listed for that weigh in.
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If you fail to hit a target, you should only pay the other person if they at least achieve some weight loss for that weigh in. If the other person fails to lose any weight then the money is paid to an escrow, this can be a mutual friend or family member - this avoids scenarios where both participants fail to meet target and pay each other, effectively cancelling out the monetary penalty.
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To get started define your desired values in the setting cells above. Next, have both participants perform an initial weigh-in and enter the weight values into cells C5 and H5 in the Tracker sheet. After you've done this, you can continue to enter in your regular weigh-in values into the cells below the two you used for initial weigh ins. All of the other values/indications are automatically calculated and displayed so you shouldn't be editing any cells other than those under the Actual Weight column and the Settings cells above.
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Have fun losing some weight!
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