It only seems likes New Years was just the other week but before we know it, we will already be in the second quarter of the new year. The start of the new year brings along with it the thoughts of starting off anew and making all sorts of resolutions.
One of the resolutions that was probably near the top of many a list was to become healthier. With all of that in toe, we were all bombarded with special offers to try out gyms and get special deals on memberships.
At the start when you are all hyped up, you go the gym a number of times in the first couple of weeks. After this initial hype period, the number of weekly gym sessions start tapering down and before you know it, it has been a bit of while since you have been to the gym at all! You tell yourself that ‘tomorrow’ will be the day that you go back and start being serious about it again but come tomorrow you are still saying the same thing.
It eventually reaches the point where it becomes something that the thought of is just daunting! During this whole process, one thing that may not register quite highly is that at the sign up stage you may have given the gym that you no longer go to the authority to deduct a certain amount of money on a periodic basis. For some of the more popular gyms in Auckland, this could be $22.50 per week. Over the course of a month, this adds up to $90 and over a year, it adds up to $1170.
If you are in the situation where you signed up to a gym a long while ago and haven’t been there for a few months (or even a year or more) and haven’t done anything about the payments you are making, this is affecting you financial bottom line. If you happen to be a member of one of the more popular gyms this could amount to more than $1000 per year that you are handing over for nothing!
If you are in such a situation, then ask yourself the question, ‘do I really need this gym membership?’
If the answer is no or leaning more towards no, then the solution is simple, get rid of it. If you are looked into a long term contract and simply cancelling isn’t an option, you can look at selling it off on an auction site like TradeMe.
Taking these steps will see you holding on to some of hard earned cash but this not to say that you shouldn’t exercise. Look around for options that you know you can and will do and something that is going to cost you for nothing.