A few months ago, I wrote about how, like many women, I may have a slight spending problem when it comes to shopping for clothes. Good news! I am doing less of that, but have now found something else to spend my money on—spinning and yoga classes. I justify spending money on these exercise habits because they make me a healthier human and may eventually make my butt look better.
An investment in your body is definitely a worthwhile one that pays off more than a lot of other activities, though arguably finding the perfect LBD is an essential investment as well. If you are paying for a gym membership, you could be paying between $40 and $50 a month plus initiation fees. Additional weekly, thrice weekly, or, for the very dedicated, daily classes may go for $30 a pop. Fashionable workout clothes (I curse that day I first walked into Lululemon) adds a whole other layer of extremely cute and colorful expenses. Soon you will be looking at a depleted bank account, but you will be looking at that bank account with toned glutes!
Last year The New York Times wrote about a subset of women in New York City, which admittedly is a city particularly obsessed with exercise and thinness, who were doing two to three workouts a day. This habit was costing them upwards of $500 a month. These women somehow managed to go to a Pure Barre Technique class after attending SoulCycle next door. I also do a Pure Barre class after SoulCycle, and by that I mean sitting on my couch and drinking wine while watching Princesses: Long Island.
Yes, we all wish we had the discipline and schedule of Gwyneth Paltrow and could do two hours of yoga starting at 6 a.m. followed by a delicious bowl of kale, but I just don’t think I am going to do that unless I am in a class. You also look really awkward when you try to do the cool SoulCycle dance at the bike at your regular gym. Trust me on this. I decided to talk to some experts about saving on exercise habits.
1. Find balance
Andrea Travillian, a personal finance expert who has been quoted on Fox Business, Bankrate, and Refinery29, says that the key is finding a balance. ”I recommend that you budget in your expensive fitness lifestyle by prioritizing,” she said. “Determine what is most important to you and splurge on that, and then cut back on the rest.”
2. The great outdoors
Anton Ivanov, the founder of Dreams Cash True and parent company Fortnoff Financial, LLC, emphasized that you don’t have to be in a state of the art gym to get a great workout. A neighborhood jog, a climb at your local state park, a swim in the ocean, lake, or river are cheaper and much more exciting than a 30-minute elliptical session indoors. You can also do the same yoga routines taught during gym classes in the comfort of your own home or backyard.
3. Workout trades
Carly Poppalardo, a professional organizer with Real Organized, can also relate to finding it hard to workout on her own even though she loves to exercise. Like many of us, she is young and often feels “broke-ish.” Her favorite tip that few people know about is to participate in “work trade” offers for free workouts at certain gyms. By arriving 15 mins before class, helping new people get situated on their bikes, and staying after for about 20 minutes to help the staff clean the bikes she gets the class for free.
Katrina Taylor is a web designer and fitness guru (and Levo writer) who lives in Minnesota. She was so passionate about working out that she became an instructor at her local YMCA, which helps her save a ton of money. By instructing, she gets free memberships for her and her husband. “I was spending nearly $100 a month on a gym membership before I started teaching,” she said. “I did pay $150 to get certified and fork over $25 every two months for new choreographed workouts for the format I teach, but it’s totally worth it.”
5. Deal sites
6. Online videos
YouTube videos and free online fitness websites, such as Tone It Up and Blogilates, offer numerous resources to help you learn yoga and other exercises by yourself. You can even invite your friends over and hold your own private class virtually for free.
7. Fitness magazines
Magazines, such as Women’s Health, Shape, and Self, feature dozens of great workouts you can do at home with minimal equipment. If you don’t want to subscribe, you can access several of their workouts online.
8. Used fitness equipment
Many people purchase fitness equipment, and then only use it once. If you have enough space to store a treadmill or elliptical, you can find one heavily discounted on Craigslist or eBay.
9. Donation classes
According to Sapha Arias, a yoga teacher and student, many studios offer donation only classes where the students pay only what they can afford, or in some cases, if they can not pay, then the don’t have to. This is a great concept and it enables you to decide how to better allocate your money.
Most yoga studios have a set rate for drop-ins, which are classes that are not a part of a package and allow a student to simply show up for class. These rates can be the best way to spend less or try out a studio for the first time since there is no monthly commitment.
Perhaps I don’t need to belong to the gym because I enjoy running outside and walk my dog a ton. Jillian Michaels may be a tough trainer, but my 10 pound yorkie gives her a run for her money. There is definitely a lot to consider here, but just remember that you don’t have to be a millionaire or go broke to get a good workout.
Have a great way to save money on your exercise habit? Share with us in the comments!
Ask Gabby Cohen, PR and Marketing Director for SoulCylce, her tips on staying fit in any budget!