Advantages of Home Gyms & Goodbye to Costly Membership Fees
This site may contain product affiliate links. We may receive a commission if you make a purchase after clicking on one of these links at no additional cost to you, Click here for more details.
Are you tired of dealing with membership fees, startup costs, maintenance fees, and additional annual charges to maintain an active lifestyle? It's time to consider the benefits of having a home gym. While going to your local gym may seem convenient, the truth is that it can be one of the costliest options in the long run. Setting up your gym equipment at home not only provides short-term convenience and eliminates the need for travel, but it also saves you money in the long term.
Having a home gym means you can say goodbye to monthly or annual membership fees. Instead of continuously paying for a gym membership that adds up to hundreds of dollars over time, you can make a one-time investment in your equipment. This investment will be cost-effective and save you money in the long run. With a home gym, you can work out whenever you want without the pressure of using the membership to justify the cost.
Save Money by Eliminating Monthly Membership Costs
While gym memberships often advertise themselves as affordable, the reality is that these memberships can cost you a significant amount of money over time. In the United States alone, approximately 60.8 million people, which is roughly one in five adults, hold memberships at one of the country's 38,000 gyms and health clubs. These individuals pay annual, monthly, or daily fees to work out, collectively contributing to the gym industry's revenue of over $30 billion annually.
Membership charges can vary depending on your location and fitness preferences, but the industry-wide average stands at $58 per month or $696 per year. On top of the monthly fee, many fitness centers also impose an "annual fee" at the beginning of each membership cycle and an "initiation fee" when you sign up, reaching as high as $250. These additional charges may create the illusion of savings or special deals, but they primarily cover the gym's administrative costs.
The Real Cost of Gym Memberships: Research Findings from 2019
On the surface, these membership charges seem reasonable. If an average person were to visit the gym seven times a week without missing a day, the annual cost of $696 would amount to approximately $1.90 per visit. However, the reality is that most people only come close to visiting the gym occasionally. Even at four visits per week, the cost per visit would be around $3.36. This disparity between the actual usage and the cost per visit makes gym memberships a poor investment for many individuals.
A study by Hustle highlighted the gap between gym membership expectations and actual usage. The study found that while members anticipated visiting a fitness center 9.5 times a month, they only ended up going an average of 4.17 times per month, totaling around 50 visits per year. Considering that the average workout session lasts approximately one hour, the cost per workout adds up to $14.50. It becomes evident that these costs can accumulate significantly over time, especially compared to other monthly expenses.
Other Monthly Costs Compared to Gym Memberships in 2019.
Comparing gym memberships to other monthly expenses in 2019 reveals interesting insights. Under a study conducted by UC Berkeley economists, although gym members expected to visit the fitness center 9.5 times per month, they went only 4.17 times per month, resulting in approximately 50 visits per year.
Let's consider the average duration of a one-hour workout. Calculating the cost per workout based on the annual membership fee of $696 amounts to $14.50 per session. This cost may seem reasonable at first glance, but comparing it to other monthly expenses, it becomes clear that gym memberships can be expensive
For instance, a survey by Statistic Brain found that 63% of gym memberships in the United States go unused. Among gym-goers, 82% visit the gym less than once a week, and 22% stop going after six months but continue paying the membership fee. This indicates that many individuals do not fully utilize
The Gym's Strategy: Betting on Your Absence
It's no secret that the nation's largest gym chains often enroll far more members than their facilities can accommodate. They know that a significant portion of their members will only show up occasionally. This strategy allows them to keep prices down by having more memberships than their gym can accommodate.
For example, a Planet Fitness subsidiary in New York City with a maximum capacity of about 300 members had more than 6,000 members, as reported by Planet Money. Similarly, Gold's Gym and Lifetime Fitness frequently have 5,000 to 10,000 members per location, even though their facilities can only accommodate 300 to 500 people at once.
Create Your Home Gym for Convenient and Accessible Workouts
Creating your home gym is wise when considering the costs and limitations of traditional gym memberships. While gyms offer fitness benefits and often have reasonable pricing considering equipment maintenance and staff expenses, it isn't easy to justify the cost when the odds of regular participation are stacked against you.
Additionally, the Department of Health and Human Services conducted research, the recommended amount of exercise includes 150 minutes of regular aerobic activity and at least two weekly strength training exercises for each muscle group. The good news is that you can quickly achieve these guidelines without relying on a gym membership.
The key to building your home gym is to choose the right equipment based on your exercise preferences and available space. You can create a space-efficient setup that allows you to complete a full-body workout, all for approximately the exact cost as a year's worth of gym memberships. Investing in your equipment will enable you to exercise whenever you want without being bound by gym schedules or closing times.
Text: Note: The recommended Amazon products, links, and advertisements from Amazon on this site currently support the following International Countries: the United States, Canada, France, Germany, Italy, Spain, and The United Kingdom.
Consider the following equipment options for your home gym:
Squats + Lunges: Free
Running/Walking: Equipment: Shoes: $75
Jumping: Equipment: Jump Rope: $18
Pull-ups: Equipment: Pull-up Bar: $300
Yoga + Stretching: Equipment: Workout Mat: $26
Resistance Training: Equipment: Resistance Bands: $40
Weightlifting: Equipment: Dumbbell Set: $150
Strength Traning: Equipment: Adjustable Bench: $205
Deadlifts: Equipment: Bar & Plates: $290
No wasted time traveling to and from a gym.
One of the critical advantages of having a home gym is eliminating wasted time traveling to and from a gym. Only some are fortunate enough to have a local gym close by, and the cost of gas can quickly add up. Even a short drive can consume valuable minutes of your day. You can use that travel time to exercise without interruptions or delays by choosing to work out at home.
No Sharing Equipment or Waiting for Available Stations
When you exercise at a public gym, sharing equipment or waiting for a specific station to become available can be frustrating. Setting up your gym at home ensures that you never have to interrupt your workout or adjust equipment to accommodate others. Your machines and equipment are always ready and exclusively reserved for your and your family, providing a seamless and uninterrupted workout experience.
Freedom to Wear Whatever You Want
Another advantage of exercising in your home gym is the freedom to wear whatever you want. There are no dress codes or expectations to meet. Exercise is about feeling comfortable and confident in your skin without worrying about fitting in or following fashion trends. You can work out in whatever attire makes you feel at ease, allowing you to focus solely on your fitness goals.
Listen to Your Motivational Music or Enjoy Any TV Programming You Like
Listening to your favorite motivational music or enjoying TV programming is also more accessible in your home gym. Say goodbye to wearing headphones at the gym out of necessity. In the privacy of your own space, you can blast your workout playlist or tune in to your favorite TV shows, making your exercise sessions more enjoyable and personalized to your preferences.
Outfit Your Gym with the Precise Equipment You Need
By creating your home gym, you can outfit it precisely with the necessary equipment—no more searching for suitable machines or adjusting weights to fit your workout preferences. Your home gym can be tailored to your specific exercise routines and goals, ensuring you have the necessary equipment for a well-rounded and effective workout.
Showcase Your Commitment to a Healthy Lifestyle
In addition to the convenience and personalization, having a home gym allows you to showcase your commitment to a healthy lifestyle. Your gym equipment is readily available whenever you are, enabling you to maintain a consistent workout routine that yields visible results. With adjustable exercise equipment that suits your body composition, you can ensure that your weights grow with you, making your workouts efficient at every stage of your fitness journey.
Investing in a home gym may initially seem like a significant expense. Still, considering the long-term savings and the ability to have someone custom-design a gym tailored to your needs, it becomes clear that it is a wise investment. Well-engineered weight machines and adjustable equipment components are built to last years, accommodating your changing routines and progress.
Home gyms provide you with the convenience of always being available and ready, allowing you to work out in a comfortable and personalized environment. It's a lifetime investment that supports a healthy lifestyle and ensures you can continue prioritizing your fitness goals in your home.