Getting fit doesn’t have to be expensive, but it can be. People spend as little as $10 dollars and upwards of $1000 a month on fitness. How much your monthly fitness budget should be really depends on you. With the amount of free information available online, anyone can put together a very effective, results-based exercise plan at home and become very fit without investing in expensive supplements, fancy equipment or gym memberships. However, access to free information isn’t enough. So what are you really paying for and why?
FITNESS: WHAT DO WE SPEND OUR MONEY ON?
Your Fitness Plan & Budget
This equation is a good baseline to think about how much to spend when it comes to your investment in fitness.
Why is it so confusing?
These days, fitness itself is too broad a term for most people to get their heads around. Today, fitness is defined based on a specific purpose. For instance, if you do Yoga, you will become fit for Yoga, not for Crossfit. If you do Crossfit, you will become fit for Crossfit, not Yoga. You get the idea. Of course each discipline will have some overlap into others, but the point is to understand and define your purpose for becoming fit and know the other variables you may need in order to achieve that goal.
- How much motivation do I need?
- How much inspiration do I need?
- How accountable do I need to be?
- How important is a fun workout to me?
- What specific purpose am I trying to become fit for?
These questions are designed to provide you with the right fitness program and give you a sense of how much to spend in order to achieve your goals.
- Motivation – Self-motivated people never turn left when the gym is on the right. If you tend to turn left, you may need a program that focuses on keeping you motivated and may provide a specific goal, reward or advancement system.
- Inspiration – If you want to feel inspired you may need to have an instructor or a group that is truly kick-ass (whether through attitude, ability or a combination of both). You may want to consider group fitness classes with instructors that have the “X” factor you are looking for.
- Accountability – If you need to be held accountable, participating in team based fitness activities are perfect. Having an accountability partner is another cost-effective way of incorporating accountability into your program. Personal trainers can be great for this.
- Specialization – Define your specific purpose for becoming fit. Do you want to lose weight and add some muscle? Do you want to become fit as a byproduct of learning specialized skills like rock climbing, pole dancing, yoga, martial arts, running a marathon, etc?
- Fun – do you care if your workouts are all results and no fun? Or do you need some fun to keep you going?
Now that you understand the building blocks of the equation, assign a weight from 1-3 based on how important each part of the equation is to you.
1 = Not very important, but would like to have. Equivalent to $20 dollars per month.
2 = Relatively important. Equivalent to $40 dollars per month.
3 = Important. Equivalent to $60 dollars per month.
Assign a weight to each part of the equation
Here is an example:
Motivation = 2 or $40/Month
Inspiration = 2 or $40/Month
Accountability = 0 or $0/Month
Fun = 1 or $20/Month
Specialization = 3 or $60/Month
What should my monthly fitness budget be?
Add up all the components above: $40+ $40+ $0 + $20 +$60 = $160 per month
The above example is for someone who wants a specialized workout and needs motivation and inspiration. In my opinion, this person would be best suited to programs that offer group training options with some personalized attention like Crossfit, specialized group fitness, Yoga, martial arts/MMA/boxing, spinning, rock climbing, dance, etc.
Be as honest as possible when doing this assessment and you will save yourself a fortune by picking the right option for you from the beginning. Revisit the equation as you begin to evolve and change your weightings accordingly.
Trends are showing that the sweet spot for those who are fitness inclined, is to spend about $200 per month (which varies based on location) on fitness and fitness related services (not including food). Obviously you need to determine what the right budget is for you, but the above equation will help you determine the right program for you.
To smart fitness investments,
Party Smart. Sweat Smarter.