A gym membership is essential to so many of us.
According to Statista, about 174,000,000 of us. That's right — nearly 200 million people worldwide pay for gym memberships. But, isn't it worth it?
Working out is a key ingredient to living a healthy lifestyle. Whether you're paying the big bucks for a designer gym membership, or just $20 per month for a more moderately-priced gym, keeping physically active is just as much a necessity as eating right.
No matter what you may be paying in monthly fees for your membership, you could be missing out on additional savings. Did you know that there are some tips and tricks that could save you even more money on your gym membership? Keep some of these tips in mind and you'll be paying less in no time.
It might sound silly, but you never know if you don't try. Often times, gyms will offer discounts to students, senior citizens, members of the military, police, firemen and teachers. A lot of people don't know or realize that, so they miss out on these savings.
Some gyms might offer discounts to even more groups. The most common rate for these discounts is between 10-20 percent off. That's big savings in some cases. Make sure you reach out to the salesperson or manager when you're signing up to join a gym and ask if you're eligible for one of these discounts because they don't always heavily advertise them.
Some health insurance providers will reimburse you for your membership at a gym. This goes right back to living a healthy lifestyle. Of course, the more likely you are to maintain your health, the less likely you'll need your provider's money for any kind of health-related doctor visit. It's an easy way to get some extra savings. It might even turn out to be free for some people.
Because gyms, like many other businesses, are required to meet a monthly quota of sales, pursuing a gym membership at the end of the month will most likely get you the cheapest price.
Similar to the auto business, waiting until the end of the month can reap a positive reward. The salespeople are going to try and increase their sales towards the end of the month, so the prices offered to you may be lower than normal to entice you to join.
Most gyms offer a free trial run for anyone who may be interested in joining. Some trials might last up to a whole month. Some, only a few days.
So, if you're interested in joining a gym but you can't decide which one, sign up for trial runs at multiple facilities. Not only will you be paying nothing, but you'll get a chance to see which space you prefer. Each free day is another day you're saving money!
Sometimes, prices on the internet are cheaper than they are in person. Make sure to compare the in-person prices and online prices. It's an easy, yet effective way to get the best price.
Similarly, use the internet to learn how to correctly lift weights. Gyms charge huge fees for personal training sessions, and most people can't afford to have a personal trainer. By using the internet, you'll be able to find unlimited tutorials on how to perform different exercises. This will save you time and money at the gym. Also, always check websites, such as Groupon and other promotional places for sales, discounts and other gym deals!
Think of your payment as a negotiation process. Don't just agree to the first price that's presented to you. Obviously, that first price is going to be the absolute highest. Get a bit feisty and try to negotiate with the gym's manager.
The health club industry pulled in revenue upwards of $87 billion in 2017, according to the 2018 IHRSA Global Report. There's plenty of money going around — save some of your own. You'd be surprised at how much money you could save per month by a quick negotiation.
Remember, the gym's staff wants you to join. It's their job to get you to join. They want your money. But don't just hand it over to them.
You might be able to save some cash if you offer to pay upfront or in cash as opposed to monthly. Sometimes, paying for an entire year upfront can save you upwards of $100. And then you won't have to worry about your credit card information being saved in yet another company's database. Just pay, save money and eliminate the stress of a recurring monthly bill. Check if this option is available with the staff member selling you the membership.
Remember, when it comes to getting a new gym membership that's affordable, you have options. Most people don't take the time to research ways to save money, so they never do. If you want to save money on your next gym membership, explore one or a few of the tips above!