The Bound App Encourages Punctuality Through Monetary Punishments

Bound is an innovative new smartphone app, set to be launched in beta trial mode by the end of this week, that is designed to help you encourage punctuality among your friends and family members by doling out monetary 'punishments' to them in the event that they are late.

We all know someone who has a hard time being punctual, either because they are disorganized or they simply don't care about being on time. Either way, it's an annoying habit that you can try to break through the Bound app. The app lets you encourage punctuality by making it possible for you and your network users to agree on dates, times and locations for your plans -- users who show up late are then charged for their misdemeanor.

This app looks to be a fun and potentially effective way to promote punctuality.