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Bye Bye Gym Membership…

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My husband and I both have a gym membership. We pay a combined $50 a month to our local gym.

I’m a fan of daily fitness so I will be the first to tell you, if having a gym membership is the only way you will exercise, spend the money. The monthly gym fees will be far less expensive than poor health now and in the future.

We were able to temporarily cancel our monthly gym dues when my husband lost his job. Now that six months have passed without a trip to the gym, I’ve discovered something surprising…

I work out more now without a gym membership than I did with one.

I spend a quick 20 minutes running with the dogs or doing a workout video before making dinner each night. I do sit ups while watching TV or I jog in place. Before, if I didn’t have an hour to workout at the gym, I simply wouldn’t workout at all. Now, if I have 10 minutes, I use it!

I have always clung to my gym membership even in the leanest financial times. Looking at the impact of working out at home, I’m not sure why I held on so tight. We decided to make the temporary cancelation permanent. Rather than redirect all the money toward debt reduction, we’ve decided to keep part designated to fitness. The money can go toward new tennis shoes, marathon entrance fees, or exercise equipment. If we get desperate for a group class or a swim, we can sign up at the community center for $30 for a 3 month, two hour, twice weekly class.

Try working out at home this month. It may not work for you – but maybe you’ll be surprised at the results.

**If you do decide to cancel your membership, you may need to cancel several times. These companies (especially large gyms like 24Hour Fitness and LA Fitness ) can be very sneaky and ‘accidentally’ automatically deduct your dues for up to six months. You may need to consult with your bank to stop payments.**

Learning from the Financial Wisdom of Family…

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My sister is visiting from Kansas City with her husband and four kids for the next two weeks. I’d love the fact that she visits more if she wasn’t… so… well…

Perfect.

She’s debt free other than her mortgage – and even then, she’s paying it aggressively. I’d love to tell you that her husband makes loads of money and that’s how she’s able to be a stay at home mom to four kids and remain debt free but…

He doesn’t.

My sister has found ways to live below her means and actively seeks new methods to spend less. She purchases clothing and toys for the kids at garage sales in nice neighborhoods then resells them when the kids outgrow them (sometimes, she actually MAKES money on this!), doesn’t waste money on cable TV or other ‘necessities’, drives an older yet reliable car, and she cooks fabulous inexpensive meals at home (my home cooked meals are inexpensive but they are far from fabulous).

She’s the annoyingly good at being frugal but not cheap.

Naturally, I spend this time around her basking in her infinite financial wisdom, asking questions, and learning from her example…

…and I am also the queen of England.

Sorry folks, sibling rivalry is alive and well.

So, I do the second best thing, I make my mom ask the questions and I pretend not to listen.

My advice, befriend someone frugal – even if it is your sister. I find that I don’t learn as much from the books or the internet as I do from those who may not have it all figured out, but they do a pretty darn good job.