Contemplating a gym membership (again)
Yesterday, as I contemplated signing up for a corporate gym membership, I got to thinking how much money I spend on fitness each year.
I haven’t paid for a gym membership before (when I was younger up until I was 22 or 23, I was a PacificSport athlete, so my gym fees were always taken care of). Once my sponsorship expired, I could never bring myself to pay for something I used to get for free.
Related: The cost of what you love to do
These days, I run, play field hockey, and go to the occasional spin or yoga class.
$70 annual insurance (mandatory)
$240 club fees
$80 club fees
$50 annual tournament
$100 miscellaneous (equipment, uniforms, etc)
$150 registration fees
$150 running shoes
$100 miscellaneous (clothing, accessories, etc)
With just field hockey and running alone, I’m spending approximately $940/year on fitness – that’s $78/month!
If I add in a gym membership ($51.85/month), I would be spending $130/month on fitness (maybe 2% of my gross monthly income). That seems a bit excessive, but at the same time, it’s what I love doing on a regular basis.
Related: a half marathon training update
Definitely something to think about – especially because the facility has everything that I love. There’s an indoor track, ice rinks, tennis & badminton courts, as well as a paddling centre! Drop-in sessions at a climbing gym are usually $18. To have unlimited access to a climbing wall would be a dream come true. Plus fitness classes at other facilities can range from $6-20 each (the ones at this facility are $16 each), and they’re included in my membership. AND if I could have access to an indoor field hockey (soccer) turf? That would be amazing.
There are ways I could cut back on other fitness expenses – like not playing on a second field hockey team (admittedly, being on 2 teams is a bit much). But everything else is pretty standard, and there’s not much more I can trim. There’s no time commitment to joining the gym, unless I want to pay for 12 months in advance, and get an additional 10% off. So I might just try it monthly and see how it goes.
How much do you spend on keeping fit each year?
Do you belong to a gym?
Author: Krystal Yee
I’m a personal finance blogger and marketing professional based in Vancouver. I’m a former Toronto Star (Moneyville) columnist, author of The Beginner’s Guide to Saving and Investing, and co-founder of the Canadian Personal Finance Conference. When I’m not working, you can usually find me running, climbing, playing field hockey, or plotting my next adventure.