The Hidden Cost of Joining a Gym

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  • Опубліковано 21 січ 2020
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    If your New Year's resolution is to get into shape, you might think that locking yourself into an expensive gym membership is the way to go... But does it work?
    Two Cents on FB: / twocentspbs
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    sources:
    thehustle.co/gym-membership-cost
    eml.berkeley.edu/~ulrike/Pape...
    www.cnbc.com/id/26663228
    www.statisticbrain.com/gym-me...
    www.creditcards.com/credit-ca...
    www.pewtrusts.org/en/research...
    www.inc.com/andrew-griffiths/...
    www.npr.org/2019/06/12/731987...
    --
    Two Cents was created by Katie Graham, Andrew Matthews, Philip Olson CFP® and Julia Lorenz-Olson and is brought to you by PBS Digital Studios. We love dropping some knowledge on all things personal finance and helping you make better money decisions.
    Two Cents is hosted by Philip Olson, CFP® and Julia Lorenz-Olson
    Directors: Katie Graham & Andrew Matthews
    Written by: Andrew Matthews
    Executive Producer: Amanda Fox
    Produced by: Katie Graham
    Edited & Animated by: Sara Roma
    Images by: Shutterstock
    Music by: APM

КОМЕНТАРІ • 1,8 тис.

  • @manny3095
    @manny3095 4 роки тому +2805

    Focus on making exercise a consistent habit before signing up for the gym.

    • @matthew8153
      @matthew8153 4 роки тому +33

      Manny Singh
      If you’re already exercising then there’s no need to spend money on a gym.

    • @manny3095
      @manny3095 4 роки тому +135

      @@matthew8153 depends on what exercise your doing and what youd rather be doing. hard to lift if you dont have weights

    • @matthew8153
      @matthew8153 4 роки тому +14

      Manny Singh
      When I worked at Wendy’s as a teenage I would use the 10 lb cans of beans.

    • @manny3095
      @manny3095 4 роки тому +63

      @@matthew8153 cant dead lift cans of beans

    • @matthew8153
      @matthew8153 4 роки тому +8

      Manny Singh
      Put a string over a pipe near the ceiling.

  • @brettrobinson9713
    @brettrobinson9713 4 роки тому +3822

    The most fit I've ever been was when I had a roommate who used to do steroids and he would intimidate me into going to the gym with him. He also intimidated me into calling back a girl I really liked but was scared to call. Me and that woman are now engaged.
    Solution: get a scary but well meaning roommate. Gets you in shape and reduces your rent lol
    EDIT: I've been married to the woman my roommate helped me get over my fear of since 9/1/2020

    • @marlonmoncrieffe0728
      @marlonmoncrieffe0728 4 роки тому +202

      ...That's why I want a gym partner.

    • @kevinjbonetguadalupe1729
      @kevinjbonetguadalupe1729 4 роки тому +535

      Godbless benevolent chads

    • @ruthespiritu502
      @ruthespiritu502 4 роки тому +84

      Kevin J Bonet Guadalupe angels in disguise they are

    • @Estebanmdp100
      @Estebanmdp100 4 роки тому +9

      Damn right

    • @HoshPak
      @HoshPak 4 роки тому +47

      I was at my fittest when attending an internship, delivering and setting up washing machines, dryers, stoves, etc.
      I could load the truck all alone at my peak and I still use these skills to this day.

  • @Owlandpie
    @Owlandpie 4 роки тому +1860

    My gym won't let me cancel until i send them a death certificate.

  • @Gunit935
    @Gunit935 4 роки тому +1914

    Gym actually pays me to keep me there, I'm a personal trainer, beat that, 2 Cents

  • @ThousandTimesBefore
    @ThousandTimesBefore 4 роки тому +3244

    Imagine being so rich that you don't even NOTICE losing 70$ each month xD

    • @alfredgomez3128
      @alfredgomez3128 4 роки тому +117

      That's when you don't get over a parking violation. It becomes a parking pass.

    • @kreassiva9138
      @kreassiva9138 4 роки тому +54

      Increíble! I dont even make 70 a month and I have 3 jobs!

    • @lelandgaunt9985
      @lelandgaunt9985 4 роки тому +42

      My insulin injection cost 60$ a month guess how many injector pens I have purchased since my diagnosis. Two

    • @gregoryrodriguez5621
      @gregoryrodriguez5621 4 роки тому +157

      @@kreassiva9138 wtf do you live in Zimbabwe?

    • @willymendoza8411
      @willymendoza8411 4 роки тому +1

      ThousandTimesBefore I pay $10 a month @ fit republic !

  • @tarabrand4361
    @tarabrand4361 4 роки тому +204

    This is why I’m so glad that I’ve developed the habit of going to the gym 5x a week while I’m a student and a gym membership is included in my tuition

  • @JoseFlores-xh5cj
    @JoseFlores-xh5cj 3 роки тому +134

    I'm an introvert and going to the gym was the worst things I've ever done. After the headache of cancelling the membership I just made my own home gym...... after spending around $2,000 on cardio machines and power towers, I went the UA-cam home no equipment workouts which cost me no money and actually motivated me to keep working out.

    • @drummergeorge9642
      @drummergeorge9642 2 роки тому +2

      I'm intro and gym has been good to me. I go to a higher SES area and it's nice. My biceps are bigger

    • @Daniel-ht4wr
      @Daniel-ht4wr 2 роки тому

      Any particular recommendations?

    • @charlesg7926
      @charlesg7926 2 роки тому +2

      I’m also an introvert (in social situations) but I don’t mind going to the gym because I don’t need to talk to people. And being around people while exercising doesn’t stress me out like a formal party would. But the key is finding an affordable gym… as much as I love to bash Planet Fitness for being lame (and they are lame), they’re the only gym where the cost is actually worth it. At $20 a month only, it’s worth it since I average going 2-3 times a month

  • @c-ro311
    @c-ro311 4 роки тому +118

    "if you pay for a gym membership, but don't go to the gym, you lose money"
    Who would have guessed, right?

  • @fataznboi911
    @fataznboi911 4 роки тому +667

    What about "The Hidden Cost of Not Joining a Gym"?

    • @defaultworkouts
      @defaultworkouts 4 роки тому +117

      potbelly, muffin top, spare tire, double chin, back tits (ewwww) covering up sweat. i can go on. do you want to hear more?

    • @infinitydesu
      @infinitydesu 4 роки тому +11

      @@defaultworkouts Doing regular exercise stops excessive sweat?

    • @M4UQU1J4N0
      @M4UQU1J4N0 4 роки тому +15

      Osiris if you manage to lose the weight then yeah!

    • @timhanby5662
      @timhanby5662 4 роки тому +22

      Osiris It actually doesn’t, obese people sweat more when at rest sure, but so many personal trainer/athletic specialist at my gym with washboard abs and defined muscles sweat literal puddles while working out. It’s a genetic thing.

    • @billyrussell7789
      @billyrussell7789 4 роки тому +5

      ` forgetting about the drugs and medical procedures to fix the problems the extra weight causes

  • @ToopidPonay
    @ToopidPonay 4 роки тому +456

    *just bought a gym membership yesterday*
    ...I feel personally attacked. 😂

    • @MzKegz
      @MzKegz 4 роки тому +36

      Prove them wrong!

    • @TwoCentsPBS
      @TwoCentsPBS  4 роки тому +63

      WE"VE BEEN THERE

    • @QuesttoFIRE
      @QuesttoFIRE 4 роки тому +6

      Hahaha “ready to get jacked?! Sweet!!” 😂🤣 I bought a gym membership in October 🤷🏻‍♀️

    • @melyndalopez272
      @melyndalopez272 4 роки тому +7

      Get it. Make that membership work for you. Nothing is free. Including good health.

    • @friday5561
      @friday5561 4 роки тому +2

      Congrats!

  • @pinoee5734
    @pinoee5734 4 роки тому +234

    I just joined a $70 a month gym.
    My insurance pays $25 monthly for me to join a gym, and my job pays $35 monthly lol
    So I’m really paying $10 💪🏻
    #MoneySmart

    • @aryankulshreshtha5236
      @aryankulshreshtha5236 4 роки тому +8

      Job 35?
      How?

    • @buddy3007
      @buddy3007 3 роки тому +9

      70$ a month damn i pay 10$ a month amd it has everything i need

    • @janninmarie8385
      @janninmarie8385 3 роки тому +3

      damn. Does your gym offer unlimited massages for that price?

    • @buddy3007
      @buddy3007 3 роки тому +1

      @@janninmarie8385 nah u have to upgrade to a more expensive membership like 15-20$ a month but its a table not an actual person giving u a massage so if u get tht thts rlly cool

    • @crand20033
      @crand20033 22 дні тому

      I hope you are using it.

  • @AntiCitizenX
    @AntiCitizenX 3 роки тому +14

    Another interesting bit of psychology is the idea of having a "space" for exercise. Personally, I cannot get a decent workout without physically putting myself into a designated space for it. That generally works best with a gym, because it removes all distractions and prevents me from leaving until finished with a full routine.

    • @aethylwulfeiii6502
      @aethylwulfeiii6502 9 місяців тому

      You can’t meet girls at home. I don’t like being reclusive.

  • @jmdogs97
    @jmdogs97 4 роки тому +737

    You guys are back! Hands down one of the best channels for education about money

    • @TwoCentsPBS
      @TwoCentsPBS  4 роки тому +20

      Aww, thank you Joseph!

    • @MindfulMaverick29
      @MindfulMaverick29 4 роки тому +3

      Checkout Minority Mindset too if you want to dive in-depth in Finances.

    • @jmdogs97
      @jmdogs97 4 роки тому +3

      P J: oh yes I listen to him, I also go on channels like proactive thinker and graham Stephen. I really enjoy learning about this kind of stuff. This is material they don’t teach in school

  • @randycurry1570
    @randycurry1570 4 роки тому +663

    You really make learning about finances simple yet interesting!

    • @SwagnemiteXD
      @SwagnemiteXD 4 роки тому +11

      This video came out 7 minutes ago. How did you post this comment 19 hours earlier.

    • @TwoCentsPBS
      @TwoCentsPBS  4 роки тому +35

      @@SwagnemiteXD Cuz he's a Patron! : ) He gets access to the vid the day before.

    • @osmosisjones4912
      @osmosisjones4912 4 роки тому

      @@TwoCentsPBS do one how majority rule . Often leads to rule ruin or dictorships.

  • @boblee3322
    @boblee3322 4 роки тому +20

    I built a full home gym out of wood and concrete for only $300 during the pandemic. I workout around 4-5 times a week and life's been great. Gym memberships only get you so far. What it boils down to is a mentality change on how you view working out. If you integrate it as part of your lifestyle then you will go out of your way to be consistent no matter the monetary cost or physical boundaries.

    • @ambiarock590
      @ambiarock590 6 місяців тому

      This is one reason I've bought an ebike to get to work. I've been getting a little bit of movement in per day just by going to work. I also made sure that I would use this ebike before getting it by building a habit of biking to work with the bike that I already had to see if I would even keep up with it, and after starting that, 6 months later I got my ebike. Been using it ever since.

  • @bburney06
    @bburney06 4 роки тому +30

    I joined a gym five years ago because I am financially aware enough to use the membership. I have now run four half marathons.

    • @crand20033
      @crand20033 22 дні тому

      I never run or walk at the gym. I lift weights. I run around in my own neighborhood.

  • @WhoElseButMeNumbaOne
    @WhoElseButMeNumbaOne 4 роки тому +575

    I paid £170 for a year long membership, and I go 15 times a month. I'm pretty sure I'm ahead in this one.

    • @TwoCentsPBS
      @TwoCentsPBS  4 роки тому +80

      way to go! : )

    • @lauraperdue1307
      @lauraperdue1307 4 роки тому +4

      Yup. I pay 50 and going down to the 21 a month. I go 15-20 times a month, so I'm doing well.

    • @hieutora
      @hieutora 4 роки тому +15

      BANDIT!!!

    • @HersonBagay
      @HersonBagay 4 роки тому +17

      I used to pay $70/month for my membership but found out that my health insurance offers some discount via the GlobalFit program. Now I'm only paying $40. Easiest $30/month savings ever.

    • @Don2006
      @Don2006 4 роки тому +13

      $147/3 years, and then work reimburses $73.50 (but this is taxed). I train 3-4x/week. But let's face it. We're all winners here 😇

  • @feynstein1004
    @feynstein1004 4 роки тому +432

    As someone who works out 6 times a week and loves the endorphin rush, the membership is worth every cent ☺️

    • @mrsp2188
      @mrsp2188 4 роки тому +2

      Feynstein 100 💯

    • @feynstein1004
      @feynstein1004 4 роки тому +1

      @Marisha P Thanks. You're too kind lol

    • @shoshannaj8474
      @shoshannaj8474 4 роки тому +39

      Same! This video just encouraged me to go track the cost per visit in the 25 times I went last month, which came up to $2.28 per visit. But even that doesn't tell the entire story. Because I stay anywhere from 1 to 2.5 hours, they are probably losing money off of me between the electric and water bills, lol... I commonly use all the cardio and weight equipment, the pool, and I shower there almost all the time when I'm done.

    • @feynstein1004
      @feynstein1004 4 роки тому +20

      @Shoshanna Jadoonanan Now that's the spirit. You're beating the system. Stay strong, my friend 😂

    • @publicdomainpoems4995
      @publicdomainpoems4995 4 роки тому +10

      My gym membership is $15 (Australian) per week. I go to two yoga classes there per week. The yoga class that I used to go to was $15 per class.
      I feel like every day that I go to the gym on top of those yoga classes (usually 3-4 days a week) is just a bonus. Plus I take a long, hot shower there every time I go.

  • @MinusTheGym
    @MinusTheGym 4 роки тому +322

    This is why I teach home fitness on my channel 😁 Save the costs of a gym membership and put that money into your grocery bill. Eating healthy is more important, anyway.

    • @daniellehowell4339
      @daniellehowell4339 4 роки тому +6

      I love your channel. Also starting at home is great because you can move on to the gym once you commit or keep up calisthenics.

    • @anjuswarup2947
      @anjuswarup2947 3 роки тому +1

      Well sounds good I'll also watch it

    • @toddfarkman2177
      @toddfarkman2177 3 роки тому +6

      Yes, your diet is what determines your body mass. And your blood sugar and triglycerides and cholesterol. You just need minimal activity to keep your heart pumping. like 30-60 minutes walking each day.

    • @joel3683
      @joel3683 3 роки тому +5

      nice imma start watching johnny sinns workouts

    • @phredbookley183
      @phredbookley183 2 роки тому

      Dude! It's Johnny Sins!
      (I really hope you still laugh at that. First time I heard that on your channel was a long time ago.)

  • @EwYoureCringe
    @EwYoureCringe 3 роки тому +19

    One good hack is to sign up for physical education at a community college. I take swimming on Saturdays and pay $80 per semester. I am forced to go since I am graded on attendance lol

  • @TrueKLew
    @TrueKLew 4 роки тому +327

    Beats the cost of health issues later on in life tho.

    • @cocoacoolness
      @cocoacoolness 4 роки тому +21

      Yes of course! My nana is on pills now where, if she lived in America or somewhere else without subsided or free health care, she'd be paying $400/day!! Gym is stupidly cheap in comparison!

    • @owlobsidian6965
      @owlobsidian6965 4 роки тому +24

      This video was about paying for a gym membership you don't use. So no health benefits there.

    • @sxcJOELisNotsexy
      @sxcJOELisNotsexy 4 роки тому +2

      That's if you use the fucker 😅

    • @tunim4354
      @tunim4354 4 роки тому +1

      @@owlobsidian6965 people not using the gym even when they have access to it are incredibly stupid. Having access to a place that can help you stay fit is not sth one should take for granted.

    • @astaroth0316
      @astaroth0316 4 роки тому +1

      Naa if you're dead you have no bills to pay, Checkmate!

  • @phyjcb
    @phyjcb 4 роки тому +67

    I would like to use the opportunity to thank all the resolution breakers for making my gym membership cheaper.

  • @ninjanerdstudent6937
    @ninjanerdstudent6937 3 роки тому +14

    I loved my college’s gym. I made it a habit to always take my showers there Monday through Thursday. It was such a nice place to lift weights, run, and meet people.

  • @terrycrewslover3297
    @terrycrewslover3297 4 роки тому +65

    You should do one called the hidden cost of staying alive 😭

    • @kamcorder3585
      @kamcorder3585 2 роки тому +3

      It's really expensive to die though

    • @tayokarate
      @tayokarate 2 роки тому +1

      Yeah ,this would be their once and for all video

  • @dianet3994
    @dianet3994 4 роки тому +189

    When I had a gym membership, I went four times a week so it's nice to know that I was "making out like a bandit." After having a child and considering the cost of childcare, I decided working out at home would be more cost effective. One yoga mat, some dumbbells, ankle/wrist weights and a plethora of UA-cam and Shaun T workouts is good enough. Also taking walks outside is free when I need fresh air. Great video and happy New year! 🤗

    • @8BitGamer4life
      @8BitGamer4life 4 роки тому +2

      Rly? $10 is too much at planet fitness? Smh.

    • @sakeriyasaleh4820
      @sakeriyasaleh4820 4 роки тому +2

      @It's a Bunnay but if she goes she would have to pay for childcare

    • @sakeriyasaleh4820
      @sakeriyasaleh4820 4 роки тому

      @It's a Bunnay for me i just ride my bike for hours or go on runs so i could one day do a marathon.

    • @virtualatall
      @virtualatall 3 роки тому +4

      @@8BitGamer4life I'm not sure of USA, but in India you won't get any decent gym at this price... Also if you opt for monthly plan that would be way too expensive than yearly plan, but then you have to pay upfront. It means you you can't visit gym due to some personal commitments in a month it will be waste.

    • @jasminecontreras7341
      @jasminecontreras7341 3 роки тому

      @@virtualatall I’m from the US & go to a nice gym called Chuze fitness & pay $10 a month 🤷🏻‍♀️

  • @kzmailman
    @kzmailman 4 роки тому +104

    One of my best solution to exercise was to sell my car... I'm 5 kms away from my office so walking is great (at least this time of year)... I'll keep you posted

    • @barvdw
      @barvdw 3 роки тому +4

      Never had a licence, I bike to work (3 km away), do my shopping daily (so it's mostly fresh), etc. But I admit, I'm a European city dweller, and living without a car is pretty pain-free, here. I can't say that's true for everybody, especially in the US.

    • @janninmarie8385
      @janninmarie8385 3 роки тому

      that’s something I want to do but I don’t want to come to work sweaty and stinky. Do you shower in the office?

    • @kzmailman
      @kzmailman 3 роки тому

      @@janninmarie8385 I do shower at work, but now that is 110 outside I can no longer do that

  • @syeina
    @syeina 2 роки тому +9

    I go to the gym about twice a week myself. Going somewhere else to work out actually helps me stay committed much more than home exercise ever would. Everyone's different.

  • @johnzapata2837
    @johnzapata2837 4 роки тому +40

    “Don’t look at us, we’re a financial show.” 😂

  • @noj1yt
    @noj1yt 4 роки тому +101

    Damn what a coincidence, I just started hitting up the gym as I am learning about finances.

    • @ultranewbie
      @ultranewbie 4 роки тому +3

      It's UA-cam !

    • @mohimuddin3770
      @mohimuddin3770 4 роки тому +1

      Same

    • @freneticfanatic
      @freneticfanatic 4 роки тому +1

      Discipline begets more discipline. Discipline equals freedom.

    • @narata1541
      @narata1541 4 роки тому +3

      That's why they put up the video. Many people are starting to hit the gym because of New Year resolutions.

    • @marlonmoncrieffe0728
      @marlonmoncrieffe0728 4 роки тому

      @@freneticfanatic
      Ah, do you follow Jocko Willink too?

  • @Erika2
    @Erika2 4 роки тому +16

    One month I paid for a gym membership and didn’t go a single time 😭. The truth is, with all of the apps and UA-cam videos out there, you don’t need a gym. You can get fit just by following those online workouts at home.

    • @TwoCentsPBS
      @TwoCentsPBS  4 роки тому +2

      True that!

    • @marlonmoncrieffe0728
      @marlonmoncrieffe0728 4 роки тому

      Yikes! Sorry!
      But at least you know better now.
      Good luck on your fitness journey!

    • @Erika2
      @Erika2 4 роки тому

      Marlon Moncrieffe haha, no need to be sorry-it was completely my fault! 😂

  • @HarshavardhanGavicherla
    @HarshavardhanGavicherla 4 роки тому +56

    "Don't look at us. We are financial show" - Hilarious.. :D

    • @PAIHITECH
      @PAIHITECH 3 роки тому +2

      I lost it when she said it 😂 😂 😂 😂

  • @MinacsAbhishek
    @MinacsAbhishek 2 роки тому

    I may be late to this channel, but I am glad I found it. Huge shout out to presenters and everyone who does the background work. Great job guys. Please keep them coming.

  • @filthymcnasty2081
    @filthymcnasty2081 4 роки тому +36

    Martial arts. Signed up 4 years ago: Lost 60 lbs, new mindset, assertive, confident; started taking acting classes as a result. No regrets, never looked back. Thanks for the video.

    • @andrewcool
      @andrewcool 4 роки тому +3

      Martial Arts was one of the best investments for me too.

    • @marlonmoncrieffe0728
      @marlonmoncrieffe0728 4 роки тому +1

      Do you listen to Joe Rogan?
      He really sells the value of learning a martial art.

  • @onewomansjourney760
    @onewomansjourney760 4 роки тому +8

    For me joining a gym was what helped me to lose weight for several reasons. I was more motivated to actually go because I was paying for it every month. Seeing others striving to meet their goals motivated me as well. And meeting other like minded people motivated me. I love the outdoors too so hiking, walking the greenways & being outdoors is my absolute favorite way to get active & exercise. I used to workout at home alone to DVD'S. I enjoy being around people which helps mental health as well. I don't pay an expensive monthly rate either. There are other gyms in my community that are pay as you go with no contract. It's monthly but you cancel anytime with no extra fees or restrictions. Gyms are becoming more creative in attracting & keeping customers. I just joined Gold's gym where my son works & they had no expensive sign up fees. Just $1.00 special with first months fee. My husband is happy that I'm back at it as he has a membership there too. We used to go together years ago.

  • @ayushzaveri8193
    @ayushzaveri8193 2 роки тому +1

    Absolutely love this channel.
    I went to the gym for 5 years, I was pretty consistent initially, then became inconsistent in the last 3 months, so I quit it permanently at the end of 2018 and do about a 100 pushups and 100 squats every day in 5 sets of 20-20 each and I also go running 2-3x a week. I've also signed up for a Krav Maga with IKMF class, but that's only recently and that needs you to attend live classes.
    And I've gotten a lot more jacked than before, so I can vouch that this works

  • @lireesh2
    @lireesh2 3 роки тому +40

    I have a home gym for convenience but still goes to the gym regularly for motivation. Cos personally I workout harder around fit people. Been doing this routine for over 8 years, it’s a lifestyle and commitment I made for myself so, I’m getting my money’s worth.

  • @sardan_296
    @sardan_296 4 роки тому +3

    Kinda missed you, glad you're back. Thank you for what you're doing.

  • @flaminfireboy
    @flaminfireboy 4 роки тому +48

    I love this! Bought all my weightlifting equipment 7 years ago. Still us it 3 days a week to this day and now my wife uses it too! Memberships are not for me.
    Also most effective fitness product would be interchangeable dumbbells(elite power block dumbbells) and a weightlifting bench. If you're disciplined and do some simple weightlifting reseach you can hit every muscle group. Body weight exercises are also amazing for your body and core too!

    • @cocoacoolness
      @cocoacoolness 4 роки тому +6

      Yep thats my plan too when i am in more stable living situations and have enough space. Bonus is you dont have to wait for people to finish using things and you dont have to leave the house to use it

    • @noastrocookie
      @noastrocookie 4 роки тому

      That must've cost a fortune. If I would buy all my equipment it would most likely cost upwards 100k$

    • @christiansoenggoro
      @christiansoenggoro 4 роки тому +5

      @@noastrocookie dang, what are you planning to buy? You just need a squat rack, adjustable bench and barbell and a few plates. If you found a really good deal, wont even cost 500 bucks

    • @Its__Good
      @Its__Good 4 роки тому +5

      About 10 years ago I was regularly going to the gym. I decided to do what you did and bought weights and a bench for home and just spent my time on that. I found that unfortunately without the cardio that I gained weight (fat) pretty quickly - even though I was spending the same amount of time exercising. I then realised that it was entirely down to my diet - I completely changed that and lost all the weight without having to exercise at all.

  • @lizardchase2296
    @lizardchase2296 4 роки тому

    Glad you all are back! Thanks for the info, totally didn’t know.

  • @Hotsauceonmy
    @Hotsauceonmy 4 роки тому +27

    My friends think I'm crazy for running a mile to the park and doing pullups at the jungle gym even though I'm not spending 30-50$ a month for a gym membership

  • @tonye8746
    @tonye8746 4 роки тому +5

    Thank you Two Cents crew! The psychology behind the monthly and annual subscriptions made me rethink some of my other subscriptions that maybe I do not use very often (amazon prime and maybe netflix for example). I let the monthly renewels slip past my focus for what I thought I maybe "needed".
    I did some digging, and found that I would save money by going from monthly subscriptions to Prime (and getting free shipping and the music and video features) to simply paying for shipping on only the half-dozen orders that I make per year. It will make me consider my purchasing habits a bit more carefully each time I buy since shipping will be paid for, but it is a relief knowing that I would still spend less per year on shipping orders without free shipping. So I cancelled my Prime membership, for example, and I will look at other subscriptions as well.
    Thank you for saving me funds and looking past the successful marketing and mind tricks!

  • @duchi882
    @duchi882 4 роки тому +98

    In our Local gym
    a session costs around $3 and a Monthly contract costs around $40

    • @musicalcharge
      @musicalcharge 4 роки тому +10

      $3? In that case, only ever go with that option.

    • @Beny123
      @Beny123 4 роки тому +2

      Miles Routledge I am from the U.K. what gym do you go to?

    • @gsogymrat
      @gsogymrat 4 роки тому +4

      NC here. My gym is $31 a month and has an indoor lap pool, basketball court and free classes. I find that very reasonable.

    • @orangescout4554
      @orangescout4554 4 роки тому +1

      That's pretty good. I pay 120 a year which I think is a solid deal

    • @erickbarraza3580
      @erickbarraza3580 4 роки тому

      We pay about a 120 dolars a year on the north part of Mexico and a month for about 30 dolars so everybody pays for the yearly subscription

  • @alejandrocastro2817
    @alejandrocastro2817 4 роки тому +1

    You guys are phenomenal!! Love the way you structure your videos guys keep it up!

  • @kyliedanielson4365
    @kyliedanielson4365 4 роки тому +1

    Thanks for this (and all your amazing videos)! In our case, joining a gym was a clutch financial move. I'm a stay at home mom with 2 young kids and I joined a gym with childcare. I go 3-4 times per week, even if I'm not that motivated to work out, because it gives me some quiet me-time. I'm paying about $1.50 an hour for great childcare versus the cost of hiring babysitters.

  • @ximinez
    @ximinez 4 роки тому +72

    I feel like I'm really cheating the system. I'm in a TWO year contract with a gym, BUT my employer subsidizes my gym fees. I alternate between the guilt of wasting my employer's money and the relief of "well, at least it's not my money." Lol?
    On the up side, when I do go, I frequently bike there. It's about 15 minutes each way, so I get a pretty nice start to my workout. Of course that doesn't stop me from finding excuses (late for work, cold outside, head cold, etc.)

    • @blackcommunion3820
      @blackcommunion3820 4 роки тому +3

      Take advantage of it. You’ll regret it if you don’t.

    • @Tonixxy
      @Tonixxy 4 роки тому +7

      Guilt of wasting employers money lololol
      Funniest thing i heard this whole month.

    • @PixieoftheWood
      @PixieoftheWood 4 роки тому +1

      My employer also subsidizes it. I still have to pay $6 a month of the fee, but...compared to what it would usually be?

  • @trumpetpunk42
    @trumpetpunk42 4 роки тому +12

    I love how by 2:48 they're already on the couch eating chips. The struggle is real! :)

  • @shahrukhshaikh-fr7uq
    @shahrukhshaikh-fr7uq 4 роки тому

    I just discovered this channel, and watched so many of their videos. It's a really good channel. Love it. Keep up the good work guys.

  • @kingkaga898
    @kingkaga898 4 роки тому

    I love how much fun you two look like you're having in these videos

  • @natalieb.mortensen9361
    @natalieb.mortensen9361 4 роки тому +3

    I´ve now stuck w. working out for 1,5 years and realized that internal motivation was needed, not other peoples opinions or media. Previously I had been member of several different gyms and I think the most embarrassing experience was signing up for a nice &expensive gym and the first time I ever went was after 8 months to cancel my subscription.
    Now I pay 25$/mo and actually enjoy going since I´m doing it for MYSELF- not to look slimmer or lose weight but to feel stronger and more energetic and improving at my own pace :D

  • @wayner396
    @wayner396 4 роки тому +65

    I appreciate that you can just work out from home but I've tried working out at home and I just need to get out of the house away from all distractions to make it happen. Plus I only pay $12 a month and my work pays for it so win-win.

    • @Roma_eterna
      @Roma_eterna 4 роки тому +6

      wayner396 I can top that. In Washington DC, since I’m a resident, I can use any gym for free! With a DC ID of course

    • @Alloniya
      @Alloniya 4 роки тому +1

      Me too, i dont like workout at home, also my gym is free for me)

  • @essamohamedali653
    @essamohamedali653 3 роки тому

    Amazing content and perspective as always. Time to apply what retains after post midnight binge of your other videos

  • @Rozela16
    @Rozela16 4 роки тому +1

    Wow, thanks for the break down! I actually use my gym membership about 4 times a week when I have one, sometimes more. I had no idea about the statistics! It is a great anxiety management tool! Also through the pandemic, my parents have old weights from years ago that I've been utilizing. I'm lucky in that I can be outside & excercise a lot. I also never bought any of the extra protein junk. I think I will continue working out at home for a while, but going to the gym helped me to begin my fitness journey. But I'm also the person that checks my bank account regularly & and keeps a record of when all of my memberships or the like are due on my calendar.

  • @Twitter_Posts
    @Twitter_Posts 4 роки тому +102

    Season 3 started! *my life is complete*
    Until I watch all of it and wait for season 4

  • @FinancialShinanigan
    @FinancialShinanigan 4 роки тому +4

    Welcome back! Missed that piggie scooting in the intro haha

  • @JimWilbourne
    @JimWilbourne 4 роки тому

    I hope you're having a great time with the new baby!
    And thanks for the informative videos.

  • @kcpth
    @kcpth 4 роки тому

    Yay welcome back... you guys are too adorable. Happy 2020. As for me, I bought my treadmill, weights, boxing dummy, and benches all used over the years. Only catch is, to use them... lol

  • @fransayswhat9813
    @fransayswhat9813 3 роки тому +4

    Little did we know 2020 had no gyms. Love you guys keep making great content! ❤️ 😂

  • @nathanwright5543
    @nathanwright5543 4 роки тому +5

    The best time of my life was when I first got tye hang of the gym, worth every penny. Now that I've invested into a home gym, I can workout whenever I want, including during quarantine.

  • @bhushangawali81
    @bhushangawali81 4 роки тому

    Always a treat to watch your videos! Keep making them always🥰

  • @mikedelta987
    @mikedelta987 4 роки тому

    Missed you guys. I bought a Peloton Treadmill and I no longer can use the excuse of it's raining, to cold, or to windy to go for a run. I used it about every other day since July. It's my gym/personal coach.

  • @ruthiemuqatach5942
    @ruthiemuqatach5942 3 роки тому +4

    Most gyms have a free 7-day trial. I suggest taking advantage of that for several gyms (one at a time). This gets you started with no commitment, and you can compare gyms. It also helps you figure out what schedule actually does work for you so you can figure that into your decision.

  • @jbluther
    @jbluther 4 роки тому +6

    I pay up for a running or cycling event that is difficult enough I need to train for it. Not wanting that registration fee to go to waste, and having a specific goal in mind, I find it easier to keep up with my training routine.

    • @da14a49
      @da14a49 4 роки тому +1

      Noice, I think I'll do this when I'm older cuz I like cycling and running :).

  • @ElloBoppit
    @ElloBoppit 4 роки тому

    Love the honesty in this video, thanks!

  • @ikik4268
    @ikik4268 2 роки тому

    Totally enjoy this video, it's hilarious!!! I personally go to the gym 2-3 times a week. But since I'll be moving soon, i think I'll just finish my yearly membership and then either find something closer to the new location (now i have to commute 30-40 mins) or start training at home with apps or courses, or UA-cam videos))))

  • @johnklonaris9136
    @johnklonaris9136 4 роки тому +62

    Perfect timing i was just about to rejoin the local gym.

    • @JoelZapata1
      @JoelZapata1 4 роки тому +3

      Try calisthenics and get your roommate / spouse to join with you for accountability to keep going!

    • @johnklonaris9136
      @johnklonaris9136 4 роки тому +2

      @@JoelZapata1 That's good advice thanks.

    • @JoelZapata1
      @JoelZapata1 4 роки тому +3

      @@johnklonaris9136 yeah, there are a lot of resources here on YT to help get started as well

    • @AbdulKalamabdulkalam
      @AbdulKalamabdulkalam 4 роки тому +3

      I like this healthy comment thread

    • @tlunceford77
      @tlunceford77 4 роки тому

      😂😂

  • @gr8bkset-524
    @gr8bkset-524 4 роки тому +3

    I had a gym membership and kept it for 28 years even though, at most, I went 5 times per month and least, 3 times per year because it was "only" $12 per month. My reason for not canceling was: "If I ever needed to go to the gym, I would never be able to find such a bargain again." For my 2020 New Years resolution, I finally dropped my gym membership. I'm happy to say that I'm now as healthy as I was when I had the membership.

  • @corylatimer
    @corylatimer 4 роки тому

    This video is great! Humorous and informative. The perfect combination 👌🏻

  • @mandyw8659
    @mandyw8659 4 роки тому

    Wow, I've been on the fence about joining my local gym (my space is really quite small), so this was an interesting video to watch. Thanks!

  • @MegaMiir
    @MegaMiir 4 роки тому +52

    " I worship the gods of iron and sweat at the temple of swoll.... "
    2cents needs more commercials for that cash flo

  • @melonmelon2848
    @melonmelon2848 4 роки тому +5

    Nice insight!
    And nice Tesla shirt, Philip =D

  • @misterhoeflak
    @misterhoeflak 3 роки тому

    This is a great channel, and some (ok, quite a few) of the videos have been a real eye-opener. Thank you.

  • @gerryattrik4410
    @gerryattrik4410 3 роки тому

    I really enjoy these 2. They’re entertaining and easy to watch.

  • @mk_annan22
    @mk_annan22 4 роки тому +16

    There is a football field in front of my home, with two goalposts on the east and west and three sitting benches. Never needed a Gym my whole life.

  • @clydeugene
    @clydeugene 4 роки тому +4

    I was waiting for you to "Run the numbers" ;)

  • @ericcanales7528
    @ericcanales7528 4 роки тому

    You guys are truly the best! Super clear and informative! I have saved sooo much watching your videos.... Keep it up!

  • @JorgeLuisInAction36
    @JorgeLuisInAction36 3 роки тому

    Awesome content and just on time! 👍🏻

  • @alexandreneves9332
    @alexandreneves9332 4 роки тому +3

    Well I workout on my basement with old dumbells that I didn't even bought, and often run around my neighborhood. Real savings are not found on resources but resourcefulness!

  • @Rapture749
    @Rapture749 4 роки тому +6

    "YO. You ready to get JACKED?? SWEEET!" LOL cracks me up every time

  • @jamesrobinson2017
    @jamesrobinson2017 4 роки тому

    Thank you for citing your sources

  • @jenniferolivarescortes4213
    @jenniferolivarescortes4213 4 роки тому

    I just discovered this channel and I love it. Very informative!

  • @markcarls1896
    @markcarls1896 4 роки тому +118

    "Start up fees were meant to be waived."
    Lol what? I've been working in a gym for years, and even though they might do a two cent down start up special, they have other fees such as annual fees that recoup those costs. Plus, you missed the most important part: CANCELLATION FEES! My gym advertises that there is no fee to cancel, but they'll still charge you whatever you would be paying the next month, even if you're not going to be using it next month (and if your annual fee comes out the next month, you're gonna be paying a loooooot of money).

    • @TwoCentsPBS
      @TwoCentsPBS  4 роки тому +45

      Wow, can't believe we missed this!

    • @owenb8636
      @owenb8636 4 роки тому +9

      I've never been to a gym that didn't charge me for the next month after cancelling. That always annoys me. Just feels like they're trying to take one final wring of my wallet before I go

    • @markcarls1896
      @markcarls1896 4 роки тому +13

      @@owenb8636 Gyms are extremely shady, and they usually don't have as much staff as the video implies (and even then, they're all making minimum wage). Gyms are extremely low cost and high profit for the owners, even with memberships starting as low as $10 a month.

    • @louisaloi9178
      @louisaloi9178 4 роки тому +2

      Once worked at a gym🦵💪to get the"better deal"your getting autopay💳💸=a financial commitment that's an overall pain to get out of.Most everyone can work out @ home,especially since decluttering is a thing now and cheap home gym stuff is abundant in the thrift stores.What little is left of a middle class and disposable incomes for most people gym membership would be a waste of money.💸By Easter🐰most that Resolved to get"in shape"will no longer be seeing purple&yellow.Just remember Times Square crowds🎉Heavy Marketing New Years balloons and weird Tom Petty video hats🪐🎩📹Think Time Share💸just don't,and for the new year you'll still have money you can't afford to throw away💵and there's your New Years resolution⚠️

    • @hurraynature7449
      @hurraynature7449 4 роки тому

      The gym I work at doesn't waive the startup fee. We only have one for one of our membership options, but that fee is essentially the cancellation fee which then allows the individual to cancel any time without a fee in the future instead of paying that same fee later down the road.

  • @Jaguar7444
    @Jaguar7444 4 роки тому +56

    They're ripping me off with the option to go to any location in the region... But I barely go to the one down the street from my house.

    • @SweetLuups
      @SweetLuups 4 роки тому +6

      Jaguar7444 you chose that option lol

    • @ErrorPagenotFound-ig1cy
      @ErrorPagenotFound-ig1cy 4 роки тому +2

      I have that option and love visiting other gyms.. work out and a new place to see at the same time..

  • @alexg3348
    @alexg3348 4 роки тому

    I like my month by month contract (no annual fee available). I go 4 - 6 times per week. I would encourage everyone to use gym as part of their weekly exercise routine. Good video as always! Congrats!

  • @badgerlifter9572
    @badgerlifter9572 4 роки тому +38

    I've built a pretty great home gym over the past 7 years. I have 3 different bars, 700lbs of weight plates, a squat rack, and plenty of other pieces of equipment. All for less than 2000$. My equipment could like me 20+ more years and be able to sold for probably more than 1000$ because the price of weights doesn't change much.... Plus my entire family can use my home gym!

    • @ffraine
      @ffraine 3 роки тому +7

      You must have felt like a genius when COVID hit. I started my home gym in January but COVID is still preventing me from getting all the stuff (squat rack, more kettlebells etc...) I want.

    • @sukhmansingh545
      @sukhmansingh545 3 роки тому +2

      Yes, but you aren't counting the space that equipment uses and meeting new people and friends.

    • @badgerlifter9572
      @badgerlifter9572 3 роки тому +3

      @@sukhmansingh545 I don't mind the space too much. I'd rather scrape some ice and snow off my car to have a gym I can walk to, than not have the gym and one of my cars "safe" from the snow.
      I do miss meeting up with people at the gym. I have couple friends who still use my garage gym regularly...but it's not the same.
      To be honest, I don't think I'd go to the gym more than 2-3 times a week if I had to drive to a gym.

  • @Performak_YT
    @Performak_YT 4 роки тому +4

    6:15 *LOL!!* 😂😂
    It's good to have both of you back! 😋😋

  • @Camiloqz
    @Camiloqz 4 роки тому

    Keep it up guys ! Great videos

  • @prettygirl1o1xoxo
    @prettygirl1o1xoxo 4 роки тому

    Love your videos as always 🥺💕💕💕💕

  • @medinywaw7435
    @medinywaw7435 4 роки тому +4

    I work out almost everyday in my home gym, it doesn't have much so I'd literally work my ass off for hours with commitment

  • @Iffy50
    @Iffy50 4 роки тому +43

    Bands, 5 lbs weights, yoga mat, youtube..... health in your living room with very little commitment. All you really need to be healthy is discipline. The gym worked great for me when it was a part of my social life when I was in my early 20's. If you use it as an activity to get you out of the house they work great.

    • @SamianHQuazi
      @SamianHQuazi 4 роки тому

      Easier said than done! Life can get mentally difficult sometimes, and - let's get real - without any proverbial hand-holding or legitimate support from other people, it's simply not going to happen! You have to show definitive X, Y, and Z rewards for it to happen even when life gets too overwhelming at times to want to do it. And it doesn't help that exercise can be painful or boring.

    • @sarrahwilson8149
      @sarrahwilson8149 4 роки тому

      I go to a swim class. I LOVE it.

    • @Iffy50
      @Iffy50 4 роки тому

      @@Danny-jl2sd It depends what results you are looking for.... You can do push-ups and get good muscles without weights. Yoga is great for your body. If you want to looked jacked I guess you are right.

    • @Iffy50
      @Iffy50 4 роки тому

      @@SamianHQuazi I work out while I watch TV multiple times a week. Sometimes we will watch Yoga on UA-cam, but I'll do push-ups and stuff with the 5 lb weights and bands while I watch regular TV. I don't have to go to the gym so it doesn't take that much motivation. I weigh myself multiple times a day so if I gain any weight I can't lie to myself. I'm 3 lbs over my goal weight right now and it's motivation every time I step on the scale.

    • @alfredgomez3128
      @alfredgomez3128 4 роки тому +1

      I'm better off using gym cardio machines than relying on outdoor conditions (weather, people). I use the treadmill, uninterrupted, for hour long sessions.

  • @aryangupta7331
    @aryangupta7331 4 роки тому +4

    Thanks for making the cyber gen aware of finances so that we dont struggle in future

  • @clairedubiel6226
    @clairedubiel6226 4 роки тому +6

    Ah, this is why I have a pole in my living room and teach a couple classes a week to get a free unlimited membership valued at $350/mo

  • @NorinRad009
    @NorinRad009 4 роки тому

    Love you guys! Thanks for the outstanding videos!

  • @krishnamirani
    @krishnamirani 3 роки тому

    I love this channel. Please keep making more videos. Thank you guys for providing useful information.

  • @investingwithaaron9876
    @investingwithaaron9876 4 роки тому +3

    Did that on my very first series of the video. Gym can be expensive and can be a cost your savings if not utilised. Is my 2 cents.

  • @Vezmus1337
    @Vezmus1337 4 роки тому +75

    Just get a physically demanding job and get paid to exercise instead.

    • @bryanmarcia4104
      @bryanmarcia4104 4 роки тому +5

      Niklas Wi I work in construction and still got too the gym it’s just more cardio and it actually helps out alot😂

    • @bryanmarcia4104
      @bryanmarcia4104 4 роки тому +1

      Pot Bunny I dig house foundations so maybe that has something to do with it😂

    • @eTorotradingnetwork
      @eTorotradingnetwork 4 роки тому

      But working out is fun

    • @eTorotradingnetwork
      @eTorotradingnetwork 3 роки тому

      @trufiend138 you are probably shit at sports.

  • @kibaanazuka332
    @kibaanazuka332 3 роки тому +1

    I would also add that there were (pre pandemic) cheaper alternatives to chain gyms like 24, LA, or the Y. Most cities/counties in the US have their own government owned recreational facilities where you can pay a monthly fee generally at half the cost of a chain gym membership of around $30-40/month to use their fitness cemter/pool/etc. Which is a great option if you wanted to do the gym experience without the cost of an expensive gym membership. Also independently or locally owned gyms are another option, which can be cheaper and you support local businesses in the process too.

  • @CanalOtro
    @CanalOtro 4 роки тому

    Great seeing these bastions of fitness pontificating about... fitness

  • @jacobm201
    @jacobm201 4 роки тому +47

    i don’t cancel the membership, just the card i pay it with

    • @starberrysweetee1495
      @starberrysweetee1495 4 роки тому +9

      Oof that messes with your credit score I'm sure

    • @0uHiroshi
      @0uHiroshi 3 роки тому +4

      I'm assuming you mean reporting you card as lost so you get a new card number.
      Some places like Gold's Gym will have collections go after you if you stop paying though.

  • @ALu-nq8rf
    @ALu-nq8rf 4 роки тому +3

    You can also join a less expensive gym by utilizing local recreation centers.

  • @DebabrataNayak
    @DebabrataNayak 4 роки тому

    I was worried ,now you are here again thanks for uploading 🤩