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Do you have a gym membership?
How often do you use that membership?
If youre like most people, you eagerly head to the gym and sign up for a membership.
If this describes you, it may be time to cancel that subscription.
Also seethree signs youre spending too much on subscription services.
said Erica Sandberg, a consumer financial expert at CardRates.com.
If you cant remember, either commit to going (really, this time) or cancel your membership.
That fee is being deducted from your checking account or added to your credit card bill every month.
After all, working up the courage to cancel your membership can feel defeating and time-consuming.
Once you return, you’re free to reactivate your membership.
The cost of health club memberships will vary based on the amenities.
Regardless of the price,the monthly charges add up, especially if you have multiple memberships.
A $20 per month membership costs $240 per year.
What could you do with an extra $240?
Not to mention the financial impact of higher membership fees.
Spending $100 per month on an unused subscription totals $1,200 for the year.
Thats a tremendous amount of money to lose.
Alternatives To Consider
Even if you are living an active lifestyle, you have other options.
Lets say you really enjoy taking one particular class at your gym.
Or you caninvest in your own fitness materials and work out at home.
Other options include online classes and AI-created workout plans.
AI platforms can generate a customized workout at home for free.
If you arent using your health club membership, look for free alternatives online to save money.
Canceling your health club membership doesnt mean you might never step foot in the gym again.
Instead, it realigns your spending with your current season.
If you are considering re-joining a health club, take advantage of free trials.
Spending money on health club memberships isnt wasteful if you leverage the amenities and regularly use your membership.
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