When considering a gym membership, there are some considerations outside the monthly membership fee which can impact what he real cost will be. Below are some things to consider.
I occasionally hear people comment that gym memberships are too expensive. Often times, they are looking at the monthly fee only, and not the total cost of a membership. Other gyms often have other “hidden” fees and terms which change the true cost of your membership.
Activation fees are sometimes referred to as an Initiation Fee, Inception Fee or Setup Fee. These fees are typically a one-time fee charged when the account is created. This fee is not a recurring fee, and will not be charged again during your continuous membership.
We do not charge an annual fee on top of our membership. Many gyms have started implementing Annual Fees. These are fees you pay over and above your monthly membership fee. They are charged annually and are often unavoidable as the gym may require it at the time you sign up, or they will lock you into a contract which extends through a fee billing period. These fees can be $50 or more, so that raises your monthly fee another $4.17 per month.
We don’t have a minimum contract term on our auto-renewing memberships so people can cancel any time with a 30 day notice.
Many other gyms, particularly the “cheap priced” gyms require a contract to obtain their lowest pricing. That means to get say, a $19 per month contract, you will sign a 12 month contract which is $228 per year (plus the annual fee of lets say $40). That still seems like a good deal, right? What happens if you move and only needed the membership for 6 months, or if you become injured after 2 months and can’t utilize the membership or maybe you have found that you don’t like that gym anymore?
Now let’s talk about collection. These low-priced gyms are in the business of collecting money, and if you break the contract, you will still be held accountable for the outstanding balance and they will take you to collection and potentially damage your credit. It would be smart for you to review the Better Business Bureau or consumeraffairs.com and see what kind of complaints these gyms may have had against them so you can decide if they are truly the deal you are expecting.
We keep our programs pretty simple. Once you sign up for our auto-pay contract, you will never have more than one month more to pay. That’s it. You tell us that you want to cancel (there is a 30 day cancellation policy) so you will have one more billing and you’re done. It’s that easy.
We often forget that we are willing to pay $50 or more for a two hour movie, or we will pay $2.50 for a cup of coffee ($50/month). Then there’s cable TV which averages $50-60 per month or a night out for $100. I wouldn’t suggest that you not do any of these things, however when you are considering spending $40 a month for a membership to make you healthier, improve mental clarity, provide you with more physical independence and be in a safe environment, it seems like a pretty good deal.
Many insurance companies and employers provide a reimbursement for gym memberships. So check with your Human Resource department and see if they offer some kind of reimbursement for your membership and personal training.