Tuesday, May 29, 2018

Greetings Thrifty Friends,

Last week I wrote about saving money (and time and gas) on health clubs by finding ways to exercise for free, like running outside, bicycling, doing light physical labor around the home (a two-fold savings) and buying used exercise equipment cheap so you don't have to leave the house to lift weights.

You can read that issue here.

And these are all great suggestions, but to be completely fair and honest I should admit that I have a health club membership myself and I have for years.

But there is a very important reason for that...

Keep pinchin' those pennies,
Penny

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TODAY'S THRIFTY TIP:

There is one important exception to spending money on a health club membership versus finding easy ways to exercise for free; and that is if you use it.

If you live in a cold climate it is difficult, even dangerous to jog outside in winter. Bicycling all the time may not be convenient, and you just might not have room to keep a bunch of exercise equipment lying around your house, no matter how cheap it is.

All of those things certainly apply to me. I have some lights weights that I keep at home, and I use them sometimes, but I like to have access to a full range of benches and machines. And I run outside in the summer, but I also like to swim, and the pool at my health club is the only one within a few miles of me.

But the most important factor is the fact that I use my membership.

I pay $40-a-month and I go to the club at least 3, sometimes 4 times a week. Call it between 15 and 16 visits per month. Divide $40 by that and it comes out to about $2.50 per visit.

And that is a worthwhile investment.