February 24, 2023
Let's be honest. It's now almost March. Your New Years Resolution has probably faded and now you're stuck paying for something that you'll probably not use for the rest of the year - a gym membership. CreditSoup's Frugal Friday this week dives into the cost of a gym membership and whether or not to get rid of it.
On average, a person will spend anywhere from $20 to $60 a month on gym fees. This varies dependent on a myriad of features such as high end luxury options like access to a pool, sauna, or tennis courts, or just standard gym options like weight sets & treadmills. Location of the facility also plays into the cost. If your gym is in a highly desired shopping district, for example, you'll tend to pay more than if it's located in a lesser frequented area or older part of town. You should also factor in if you opted for a trainer or specific workout classes. If you add up just the monthly cost, you could be spending $240 - $720 a YEAR on fancy workout facilities and equipment.
Is A Gym Membership Worth It?
The short answer - yes! It gives you access to a dedicated workout facility, equipment, classes, trainers, and makes it easier for you to keep up with your fitness goals. However, you must remain diligent on going. This is where most struggle. You know the drill.... you picked the kids up from school or daycare, get home from work, get supper cooked & everyone fed. Once you tuck the kids into bed, you simply don't have the energy anymore to even leave the house. You find yourself coming up with every excuse in the book NOT to go to the gym - the gym that you have a paid membership to.
Ways to Work Out from Home
The best way to remain frugal & save some cash, is to develop a workout routine that you can do from the comfort of your own home. Cancel that gym membership that you rarely to never use. Follow the five options below to offset the cost of a gym membership!
1. Designate a certain area in your home to workout.
Weather it be a spare bedroom, extra space in the corner of the living room, or garage, make sure you have a designated space to stretch out.
2. Research online a workout routine that is best for you.
YouTube has a plethora of free sessions available. Or, there are apps out there that will help you develop a workout routine based upon your age, weight, and what you want to accomplish. However, be warry as they will more than likely want you to sign up for a subscription.
3. Invest in a treadmill.
Whether you buy new, find it on marketplace, or have it gifted to you by a friend, this will allow you to get a quick run or walk in without leaving your home. You can even fit in a small routine between work breaks if you're working from home.
4. Utilize small 5- 10lb hand weights.
Hand weights are a great way to keep you limber while sitting at your desk or watching a movie. They can also be added to a daily workout routine.
5. Go outdoors.
Run, walk, swim, hike. Whatever keeps you active. Bring a friend if you crave the social aspect of a typical gym.
At the end of the day, it's really up to what you feel comfortable doing while working out. If you still enjoy a break from the house, then a gym membership is for you. However, if you're looking to save a buck or two, consider a workout routine from home. CreditSoup.com offers weekly money saving tips. Keep following us here!
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