Those of you who follow me on twitter may notice I tweet a lot about going to these pricey NYC fitness classes. For example, you may notice a lot of @RefineMethod, @SoulCycle, @Chaise23, @Uplift, etc in my twitter vocabulary. All of which range from $25 – $35/class.
The question was recently posed to me, “How do you afford to go to all of these classes? Is it all you do?” Seems like a simple question, but it actually really got me thinking. Sure I have a really good job which is 70% of the answer, but I’m not the millionaire living next door. I’ve actually often wondered the same thing about other people, but have never thought about it myself – I guess I never grouped myself in that category of people who took a lot of expensive fitness classes.
I’m aware I’m not probably coming off as a financial idiot saying that I spend $$$ on fitness classes and have never given it consideration, but as a disclaimer I should mention that I save a lot of money, do not live pay-check to pay-check and I am financially sound…Oh, and unfortunately I was never left a trust fund :-/. So how do I do it? After some thought, I’ve finally figured it out:
- My tweeting behavior makes it look like I’m working out much more than I am. For example, I’ll tweet about thinking about going to a @RefineMethod class, I’ll tweet about signing up for a @RefineMethod class, I’ll tweet about being on my way to an @RefineMethod class and finally, I will tweet about how great I feel about having completed the @RefineMethod class. For all those mentions, I’ve only attended one class :-). Point being, I’m not going crazy with expensive workout classes. Non the less they do add up…
- I rationalize it:
- Classes are the same price as my Physical Therapy and I believe it helps my injury more than actual PT.
- $32 classes are waaaay cheaper than therapy and makes me much more happy than talking to a stranger ever could
- To the above, my happiness and health is worth every dime
- I have ONE goal left to complete for 2012 and one that I direly want to accomplish — running the NYCM. If it costs a pretty penny to get in proper shape for it, so be it, I know myself well enough to know I won’t get the same workout on my own.
- Going to a fitness class after work is cheaper than dinner/drinks in NY
- I’ve found friends that share my hobby of fitness as well, so going to a fitness class often turns into a social activity.
- I bring my lunch to work — $50 a week saved adds up (that’s $2,500/yr and approximately 78 $32 classes for those of you who don’t wish to do the math)
- Walk walk walk! I walk everywhere. I don’t do it to save money, I do it out of principal. Why take public transportation when you can have your own private transportation (feet!)? Instead of spending $100+ on a monthly subway ticket, I walk and spend about $20/month on subway rides. Good for your health, your mind and your wallet!
- Being a two drink drunk is really cost efficient — enough said.
- I food shop at Trader Joe’s 90% of the time. I’ve never done a comparison to Gristedes, or Dags, but it’s a lot of money saved.
- My boyfriend and I have taken to eating at home and getting a bottle of wine vs. eating out on most Friday nights…again $ saved.
- I buy in bulk for classes that offer package discounts and I know I will use. Tip: Check out expiration date of bulk purchases before you buy and make sure it is 10000% reasonable for you.
- Groupon/Coupons — if I find a deal for a class I like in a location that I know I’ll make it to, I’ll snag it up! For example, I’ve bought great deals for Uplift Studios and Om Factory.
- I still wear clothes from 2004 – call it cheap, lazy, or smart, I don’t care. I still get compliments on my 10 year old outfits.
- I canceled my gym membership, because let’s be real, I don’t go!
- I paint my own nails
I will try a lot of different classes, but only go back to the ones I LOVE and make a point to make every class count.
I do go out to eat and/or out for drinks A LOT, but I’ve definitely cut back my 6 nights/week habit. I do still pay for a maid once a month, spend way to much on running gear and vacation, but it’s about finding a balance between what you want to spend money on and what you need to spend money on. I put the maid in the need category, because I don’t think my relationship would last without one haha.
So there’s my long winded answer! I by no means do I mean this post as a guide for others to follow, since my license in financial planning is likely somewhere with my medical degree (did I mentioned I got a D in science?)…but more of insight into how I make it work.
QUESTIONS: What things do you cut spending back on and where do you totally indulge!?