Top 6 Ways to Save Money on your Gym Memberships | The Side Hustler (2024)

You can now eliminate one of your excuses to avoid hitting the gym, get fitter and save that hole in your wallet.

When it comes to joining a gym, a good amount of research is needed as gym memberships don't come cheap. With several packages around and a very motivated gym sales team, you could be shelling out more than what you actually need. It's easier to fix a shortage of motivation than to fix a shortage of cash, and here are some ways through which you can maximize the benefits that you receive for a minimum spend.1. Assess your usage and your requirements. This is the most important step in choosing a gym membership that would save you a lot of money. If you do not plan on visiting the gym quite often, paying for a yearly membership upfront would not be feasible. Although yearly memberships may seem cheaper when compared on a monthly basis. Also, if you're just looking to use the machines and weights mainly, it wouldn't be reasonable to obtain a membership where you never or hardly use the pool or the sauna. A gym has higher costs of maintaining all those extras and they include the costs in the gym membership fees. 2. Local gyms are cheaper than a branded gym. Visit gyms in your locality that are smaller than a big branded gym, i.e. gyms with sauna, pool and a load of extras that you may not really use, and you'll find cheaper memberships. They are half the prices of those of a branded gym and may have all the necessary equipment that you would need.3. Compare prices and look for discounts and promotional offers.Check out prices of various gyms around and those that would be a lot more convenient. Many gyms have websites where you can check the fees online or you can inquire over the phone or over a personal visit. At the beginning of a new year or a new month, the rates could be higher since it is considered to be a peak time. Several gyms run various promotional offers and discounts on membership fees and very often towards the end of the month when gyms often look to meet their targets, you can push for a bargain. Some gyms also offer student discounts where the membership fees are a lot cheaper.

4. Free trials and guest passes.Most gyms offer free trials and all you'll have to do is register with them providing your contact details. With plenty of gyms in the area, you could literally have a month of free trials visiting several gyms around. That however shouldn't be your motive and you can use these free trials to assess the gym and see if it fits your needs. You can also ask your friends who visit the gym to hook you up with a free guest pass. Gyms also offer discounts or cashbacks when you get referred to sign up to a membership program. 5. Membership transfers and freezing your account. When you sign-up for an annual membership, gyms also provide you with the option of getting your membership transferred to a friend or anyone else or freezing your account for a period of time when you are unavailable. Freezing your account helps in extending your membership and this may involve a certain amount of fee charged by the gym. Apart from selling your membership to someone else, you can also obtain a membership from someone who wants to transfer theirs over to you and this can work out pretty cheap as well. Membership transfers involve a certain amount of fees charged by the gym.6. Opt for an in-home gym. If you have the space and neighbors who wouldn't mind the extra noise, you can choose to build your own home gym. This may be quite expensive initially but it is all a one time investment and works out way cheaper than an actual gym membership over the long run. Also, if you keep your equipments well-maintained, it will always have a high resale value.Pin the image below and save it for later or you can share it among your friends and families on Facebook and Twitter.

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Also, if gyms are just not your thing, check out ways in which you can get fitter without a gym and save even more, here.

Top 6 Ways to Save Money on your Gym Memberships | The Side Hustler (2024)

FAQs

How can I save money on my gym membership? ›

Try negotiating with gym staff or managers. Some gyms are open to bargaining, especially if they know you're considering other options. Ask if they can lower the monthly price or waive registration or maintenance fees. You can also check if they offer student, military, or senior gym discounts.

What is the cheapest way to use a gym? ›

Most gyms provide cheaper membership during 'off-peak' hours. If it's possible for you to visit the gym during the daytime, work lunchtimes or at weekends, you could slash the cost.

Is 50 dollars a month a lot for a gym membership? ›

Gym memberships usually cost between $40 and $70 per month, but the price of premium gyms can be higher. Location, amenities, and membership benefits can affect the price. Traditional health insurance plans, Medicare, and Medigap may cover a portion or all of the costs related to gym membership.

What to do if the gym is too expensive? ›

Facilities. The more facilities a gym has, the more it will cost each month. If you think your gym is too expensive, then it's worth looking at other options in the area. Cheaper gyms may offer exactly what you need to exercise effectively but at a fraction of the cost.

What is the secret to getting big in the gym? ›

Be consistent. Going to the gym once a week won't get you bigger. Pick a number of days to work out (3-4 is optimal), show up, and work hard, and you'll see results quickly.

How many memberships does a gym need to be profitable? ›

The number of members a gym needs to be profitable varies depending on factors like operating costs, membership fees, and additional revenue streams. Typically, small to medium-sized gyms require between 300-1,000 members to be profitable, but this number can vary widely.

What is the cheapest month to join a gym? ›

But even with the discounts, this may not be the best time to get the lowest rates. "You can often get the biggest discount on a gym membership later in the month," says Andrea Metcalf, a certified trainer and health coach in Chicago. That holds true in January or any month of the year, she says.

What time of the year are gym memberships cheapest? ›

Join at the End of the Month

"You get a better deal in December going into early January," says Keightley. Gyms are making more money in January, so they're more likely to have members pay a lower monthly fee leading into the New Year when business is slow and have people commit by January 1.

Should I cancel gym membership to save money? ›

Gym Memberships Can Be Costly

One reason why you should cancel your gym membership is that you can save money. Memberships can be costly, and if you have exercise equipment at home that you can use, you have less of a reason to go to the gym. Instead, you can make your home your gym and do your workouts there for free.

Is it worth spending money on gym? ›

VERDICT: It's probably better to spend more on a gym membership than not if you are the kind of person that needs the additional push to attend and you require additional attention.

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