THIS POST MAY CONTAIN AFFILIATE LINKS. PLEASE READ MY DISCLOSURE FOR MORE INFO.
If you are in debt then one of the things you need to do is cancel your gym membership if you have one. If you do not have any credit card or student loans debts, you have an 8 month emergency fund, and you are contributing the maximum amounts to your retirement accounts, then you should keep your gym membership. You’ve earned it and deserve it.
Many people are into the hipster CrossFit movement. Not sure how healthy CrossFit is on your joints, but that’s a different story. I’ve seen many of their facilities, its very bare bones and industrial looking. I guess that’s part of the charm they are selling. However, the membership fees they are charge are outrageous. My friend told me how much he was paying for his CrossFit gym membership in Brooklyn and it blew my mind.
This article (and most of my content) is for people that are struggling with money. And I know there are many of you out there. You need to find ways to cut your expenses so you can pay down your debts. Having a gym membership is a want and not a need and you can definitely survive without it.
I used to be a gym rat. In my early years I would sometimes go to the gym twice a day. I know how important your health is, it may be the most important thing, more so than money. But you do not need to go to the gym to be healthy. I will show how you can still workout without having a gym membership.
I don’t have a gym membership anymore. I can afford one if I wanted to, but there is a small gym literally next door to my apartment unit that I can use anytime I want. The fee is already included in my monthly common charges so I am paying for it whether I want to or not.
Do I often use my gym? Well, that’s a different story.
Here are the 5 reasons why you should cancel your gym membership if you are trying to save money.
1 – You rarely go
If you are one of the many people that goes to the gym once a month, or once a week (on a good and rare week) or in January to fulfill your yearly New Year’s resolution that lasts for a couple of weeks, then cancel your gym membership right now.
I know in the back of your mind it feels nice to know you have a gym membership. It makes you feel healthy and cool. But in reality you never go and you are just wasting money. This is how gyms make money. They sell memberships to people and many of them never even go back.
If you are stuck in an annual gym membership, talk to the sales manager to see how you can get out of it. I’ve heard people make up sob stories or tell them you are moving away. This has gotten them out of their gym contract.
2 – Run outside
Instead of paying for a gym membership, run and exercise outside. I jog outside when I train for a 5K run that I participate in every year. I feel great, relieved and accomplished after I’m done with each run. But I absolutely hate how I feel during the actual run.
If you hate running like I do, then do push-ups, jumping jacks, burpees and crunches etc. outside. In the summertime, jog or workout outside in the mornings when its cooler. In the winter, bundle up before your workout.
3 – Workout at home
If you are big into working out, why not workout at home? It will save you time and money on gas to go to and from a gym location.
You can purchase some reasonably priced gym equipment like weights and a pull up bar from Amazon. Check them out here. But don’t go crazy and buy a treadmill. If you want to do some cardio, re-read point # 2 and jog outside instead.
4 – Workout with a friend
A great fitness motivator is to work out with a friend instead of doing it alone. Go jogging outside together. Maybe your friend already has gym equipment in their basement that you can use. If not, maybe you can split the cost of buying a few gym equipment pieces.
You buy the weights and your friend buys the pull up bar and you can work out together. Be creative. Doing this will save you money instead of spending it on a pricey gym membership.
5 – Try doing Yoga or Meditation
If you are bored with lifting weights and doing the same old thing at the gym, why not try something new?
I’ve been reading so many studies that say practicing mediation is very beneficial to your health. As I get older and because I sit all day at my day job, I feel aches and pains in my back almost every day. I find doing stretches at home helps with the pain.
Practicing Yoga at home can also be beneficial to your health and it will save you money rather than going to the gym. You can purchase Yoga and meditation DVD’s online or go to websites to learn more about them.
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