Published on March 7, 2017 12:41 am, by Jen Bakker
Gym memberships are a great way to stay fit and healthy. If you have one and use it regularly, chances are you are getting value for your money.
If you are happy with what you pay, the facilities and your fitness, that’s fantastic! If you are not, then as long as you are not locked into a contract, you have options.
Just remember, as a member of a gym you are paying to access a service. If you are not accessing that service regularly it’s probably costing you more than it’s worth.
Gym owners understand people’s behaviour and so they know that it’s in their best interest to lock people into a contract when they sign up. Motivation is running high; good intentions abound and people just want to get started!
Why do you think that the price of a casual visit is high? It tends to be priced above what the price an annual membership would break down to weekly. However, if you pay $25 per visit and go 10 times before you stop, that’s $250. If you lock into an annual contract at $1,000 for the year and go 10 times, your visits work out to $100 each.
The reality is that over 50% of gym members don’t maintain their regular commitment to the end of their contract period. And this is where the gym is laughing.
We’re not saying your gym membership isn’t worth it. We’re just saying if you’re one of the 50% or more of people who pay and don’t go, either get rid of your membership completely or find somewhere you can pay per visit.
If committing to a gym is your thing, and you want to save, here are some ideas for paying less for your membership:
See if you can take a friend for free
Check your health fund & other membership benefits
Take the no contract option:
Try before you buy:
Choice put together a great article for those considering a gym membership, read here https://www.choice.com.au/health-and-body/diet-and-fitness/gyms/buying-guides/gym-memberships
Jen is an experienced banking professional who loves wine, coffee, finding a bargain and of course her three beautiful children. Since Jen's first budget led her to buy a home at 20, Jen has passionately helped others to make better decisions with their money.