Saving

Day 8 – I Quit My Gym

I’m just getting back into the swing of things after a fantastic 4th of July weekend with family and friends. Through I was not actively finding new ways to save this weekend I made sure to watch my expenses and was able to enjoy some home cooked meals instead of eating out.

Today’s cost saving decision was to quit my gym. My roommates and I were sitting on the couch last night complaining how all of the New York gyms are always so crowded and take away valuable minutes of our days.

Now I’m not saying I want to give up on a healthy life style, I genuinely believe taking to the time investment of a workout mixed with a healthy diet pays dividends in the form of more energy throughout the rest of the day. However, my building has an on site gym and I want to get as much value out of my rent (again its $1915 or approx 50% of my take home pay).

This is going to save me $27/month. Again, that’s nothing huge but it is something and I’m going to redistribute that money to a new budget line of investing it straight into my brokerage account on the same day of the month that I used to be charged on my credit card for the gym membership dues. That is now a $54 swing per month ($648 / year).

Not to mention I’m saving time on the commute to the gym, the workout itself and it took almost no additional effort to save that money (I had to walk to the gym to cancel the membership).

I’ll get into time management and why I think some avenues of additional income aren’t at all worth it in a later post, but for now keep in mind the fact that this was a way to turn a $324 / year expense into $324 / year in savings (plus the time saving and any returns on that money).

Happy Saving,
Jeff

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