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Episode 2822:
Vicki Cook and Amy Blacklock explore whether a gym membership is a wise investment or a financial burden. They weigh the benefits, like diverse fitness options and additional perks, against potential drawbacks, such as unused memberships and financial strain. This insightful analysis helps you make an informed decision about your fitness expenses.
Read along with the original article(s) here: https://womenwhomoney.com/gym-memberships-waste-money/
Quotes to ponder:
"With an average monthly membership fee of about $60, paying for your workouts may not seem like a budget-busting expense."
"But some reports state almost 70% of memberships go unused after the first few months."
"If you aren't sure you'll use the gym frequently, there are plenty of other options for you to consider."
Episode references:
NPR article: https://www.npr.org/sections/money/2014/01/14/261393781/why-does-the-gym-cost-so-much
Statista: https://www.statista.com/topics/1141/health-and-fitness-clubs
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Optimal Finance Daily - Financial Independence and Money Advice