In a recent survey by Myprotein, Americans spend an average of $155 per month on health and fitness. The cost of gym memberships alone can be enough to uproot any budget, especially when targeting more modern, boutique fitness studios with newer equipment. While investing in one’s health is a priority for many, there are still ways Americans can enjoy the health benefits of gym memberships without all the costs.
Many gyms and fitness studios offer free trials, typically between a week to a full month. This is a great opportunity to try a new gym to ensure it’s truly worth the membership costs. You’ll be able to see how crowded the facility is, the quality of equipment, the classes offered, and the service level before making an investment. Additionally, if a friend has a membership, there may be “buddy pass” options that allow you to visit a class at the studio with your friend for free.
Services such as the popular app ClassPass allow customers to try a variety of gyms in their area at a discounted rate. With many fitness studios to choose from, booking a class is simple through the app and customers can read reviews and information about the gym before visiting. As an added service, ClassPass also offers on-demand video classes you can stream from the comfort of your own home, at any time, and at prices less expensive than visiting a gym in person.
Websites such as Groupon and Living Social often offer deals on local fitness studios. From hot yoga to cycling, customers can purchase fitness classes in advance at deeply discounted rates.
While your ability to negotiate a lower rate will depend on the specific gym, large chains may be less willing to negotiate than smaller, more boutique studios. However, it’s important to do your research. Look into what other local gyms are charging and any recent deals or promotions the fitness studio ran to help negotiate a lower rate. In addition, consider the extra fees involved – not just the monthly cost of membership. For example, many gyms require a one-time initiation fee at the start of a new membership but waive this cost throughout the year, especially during off-seasons. Lastly, visit the gym in person and speak with the manager to determine a suitable price point.
Investing in your health doesn’t have to derail your budget. Speak with your financial advisor about additional ways to manage your health and fitness costs.
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