Are You Overspending on Trying to Stay Fit at the Gym?
Is your gym membership your best friend? Do you pay for classes, such as that hot yoga that’s all the rage right now? How about all those supplements you take in order to make sure you are getting to the size you want? Whatever the cost, it is common for those who want to keep their bodies in the best shape to overspend on their health and wellness. A healthy lifestyle is never bad, but it can be when it comes to your financial life. Are you overspending on your health and wellness? Find out today as we go over the do’s and don’ts when it comes to your financial wellness.
If you find your self struggling to pay bills or debts but constantly buying more protein, it might be time to look at your gym expenses. Your gym membership alone can cost anywhere from $10-$50 per month depending on where you go. When budgeting for fitness, it might sound crazy but you can spend up to $100 a week on groceries alone and that’s staying bare minimum. Since you’re going to need to eat right in order to bulk up, the amount spent on food can easily surpass that minimum. When it comes to eating right and having a gym membership, dietary supplements are another expense. Some people don’t need supplements, while some spend tons of money in order to get the best possible. Whether that’s protein, fish oils, multivitamins, or other enhancers, these supplements can add up fast. And don’t forget about that gym equipment that can burn your wallet just as fast.
How to Manage Your Budget
So how do you know how much money is too much money when you’re trying to get into good shape? It all depends on how much money you are trying to save, how much you don’t mind spending, and what your maximum is. Try keeping track of your first month’s spending and give yourself a limit. Be sure to keep all receipts so you know exactly where your money is going. Come back and if you feel that you are spending too much find out what you can cut out. Try again next month with your new budget. Be sure to check weekly on where your money is going. After that month how did you do? Make appropriate cuts and do whatever makes you the most comfortable with your set budget.