Over the last few months, we've reconsidered that choice and joined my company's health club in the past week. The cost is $36/month and there was no initiation fee. Also, as an early retiree, we can suspend our membership and reinstate it at no cost whenever we are away for over a month. Here's the complete set of reasons we did it:
- Access to instructor led classes. My spouse was already taking yoga classes at a cost of $5 per session. Yoga classes are offered twice a week at the health club. In my case, I have mostly been involved in team sports as my exercise routine. I am more motivated when exercising in a group, which is gets more difficult to do as I get older. The health club offers 27 group classes each week, which is included in our membership.
- Low cost. This September, the club suspended new member initiation fees for the month. This saved us $52. Also, the $36/month fee for two of us was relative low as compared to other clubs. However, this club is a smaller facility, only open on weekdays and doesn't offer babysitting as other more expensive clubs do.
- Proximity. The club is about 3 miles from our house and our daughter's pre-school, which makes it easy to make the trip. It's almost on the way to about anyplace I would drive.
For us, the break even point for the health club is doing 7-8 classes a month, assuming a $5 cost per class. After that, everything else, e.g. weight machines, is a bonus. As a start, I will try working out one to two times a week before I attend my morning classes.
For more on New Beginnings, check back every Sunday for a new segment.
This is not financial or health advice. Please consult a professional advisor.
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