Over the past decade or so, the fitness industry has experienced exponential growth. Today, being healthy is often equated with regular gym attendance, characterized by toned muscles and a lean physique. With the fitness industry growing rapidly, there is always a need to stay in line with the trends. It’s common to be bombarded with questions like, “So, you’re working out, but how are you tracking it? Does your gym have the latest cryotherapy or the newest equipment? Are you supplementing your protein with collagen, multivitamins, and creatine?”
While there’s nothing inherently harmful about seeking ways to enhance your fitness, they aren’t necessarily essential – especially for beginners. Unfortunately, the money-makers of the industry have created an image that these extras are non-negotiable in a person’s fitness journey, thereby causing people to invest more than necessary in their fitness. As a result, the line between helpful and hype tends to blur, and spending too much on your supposed physical health can ultimately harm your financial health.
Fitness is more than just a hobby for many people now – it’s a lifestyle. So when something is this important, it’s normal to want to invest in it. Social media is full of ‘Fitfluencers’ who can make people feel like working out needs to look all fancy, with an exclusive gym membership, the trendiest workout gear, or attending boutique classes. Following such trends mindlessly can make your fitness journey outrageously expensive.
Staying fit is vital for your physical and mental health, and it requires the same skills as money management—maintenance, discipline, dedication, and sacrifice. It’s worth trying to understand if you’re spending too much on fitness and what you can do to stay within your budget while being consistent in your fitness journey.
How Much Should You Really Spend On Fitness?
To begin, there is a spending threshold that can serve as a guide. Typically, you should allocate a certain percentage of your personal fitness budget, which is approximately 3% of your after-tax income. For example, if the net income of your household is $4000 per month, three percent of that would be $120. Ideally, this amount should cover the fitness costs of everyone within the household. For some, this budget guide may be too stringent; however, remember that it is just an example, and there is no one-size-fits-all solution.
The young generation is now very much invested in their fitness, and there is a strong focus on opting for affordable options in gym equipment, memberships, and classes. But when it comes to gym clothing and shoes, most people are willing to spend more on quality.
Ways To Cut Down On Fitness Costs
- Consider the gym equipment you own. Ask yourself if you can create a workout routine using only what you already have. You can incorporate a variety of at-home exercises, and the costs are minimal. Numerous YouTube videos are available on how to work out at home. You may need to purchase a yoga mat, resistance bands, and similar items, but these are not expensive, so they won’t significantly impact your budget. Alternatively, you can dedicate 30 minutes a day to jogging or cycling to meet your recommended daily cardio workouts.
- Many free facilities are convenient for those who want to stay consistent on their fitness journey without incurring significant expenses. If you can access a free gym at work or in your apartment building, take full advantage of it. Likewise, many community centers allow people to register for free public swimming. So look for free facilities wherever possible to save money without compromising on your fitness goals.
- Make fitness a part of your daily activities. Remember, fitness isn’t just a 30-minute sweat session; it’s a lifestyle change that will ultimately enhance your physical health. While for some this means hitting the gym, it can also mean smaller and more meaningful activities at times. For example, taking the stairs instead of the elevator, walking to the store rather than driving, and playing with your children. Small and intentional steps like these can make all the difference in your fitness game!
Final Thoughts
Here’s the thing: no matter where you are in your fitness journey or irrespective of what you can afford, the most important thing is being consistent. If you can afford expensive gymwear that will encourage you to hit the gym, then go for it. However, if it’s not within your budget, there is no need to worry, as there are plenty of free and low-cost ways to work out.
There is a balance to be maintained: you should not be so stingy that you don’t want to spend money on fitness whatsoever, and neither should you spend recklessly on every trendy fitness accessory in the market. The key is to know what you need. If you’re into fitness to follow the trend, then the first things that may come to mind are an expensive gym membership, supplements, or even a personal trainer. But if your fitness journey is more than just a trend you want to be part of, then you will be more intentional about what you want to invest in it.
Ultimately, your wallet has no impact on how much you can exercise.
