Text Size + -

Newsletter Sign Up

Receive educational information in your inbox every week!

Financial Tip

If your child has a handle on using cash responsibly, get a debit card or a secured credit card with a low limit. Then pay the bill together.

Is Your Gym Dandy?

 

The arrival of the New Year usually brings New Year’s resolutions. If starting an exercise program tops your list, it may be tempting to sign up at the local gym or health club that is aggressively mailing you special offers. By “exercising” good judgment in pursuing a healthy resolution, you’ll begin 2010 the right way before plunking down your money.

Start with what’s already available. If your employer has a wellness program, sign up for any incentives. “Each time I pass a milestone in my walking program, I receive movie passes,” says Darlene, a mother of two. “It keeps me motivated.” Your kids might also be able to join motivational fitness programs through their school or youth group. Involve your family in researching affordable options. Your area may have a YMCA, YWCA, community center or parks and recreation department offering Pilates, tai chi, yoga and other fitness programs. Lower fees for local residents often provide extra savings.

For even less expensive ways to exercise, just stay home! TV fitness programs or exercise DVDs can provide hours of disciplined instruction. Make it kid-friendly and fun by using a jump rope or hula hoop.

If you prefer to use exercise equipment, buy it used from someone who’s using it as a clothes rack. Of course, simply taking walks around your neighborhood is among the best – and most affordable – ways to get healthy while losing weight. All you need is a good pair of walking shoes and a commitment to get out and walk. Or, walk up and down the stairs multiple times every day.

If you prefer to join a health club, shop around and watch for discounts. Remember, you’ll have other costs, too – driving expenses, clothes, shoes, exercise gloves, a travel shower kit and a sports bag to carry it all. When you find a facility you like, ask for a trial period so each family member can try out the facility. Be sure of what is and isn’t included. Some places may charge extra to use the pool, sauna or meet with

a personal trainer.

“Oral contracts aren’t worth the paper they’re written on,” as movie mogul Samuel Goldwyn famously said. So don’t rely on a sales- person’s verbal promises. Always read the fine print before you sign to ensure you understand the commitment you’re making, what’s included and if there are any penalties if you need to cancel the agreement.

The award winning book, Yes, You Can... Afford to Raise a Family, cautions against paying for a health club membership unless you’re sure you’ll get your money’s worth. So look before you leap, then skip or run to the membership desk!

 

Teachable Moments

Make a New Year’s resolution the whole family can benefit from both physically and fiscally. Suggest each family member resolve to support each other’s physical fitness goals by putting money in a piggy bank each time someone exercises 30 minutes or more. As an added incentive, offer to match all or part of what your kids put in.

At a family dinner, discuss ideas for using the money. Your son might set a goal to put it in a savings account, and your daughter might want to buy a new bicycle. Consider pooling the money for something fun to do together, such as taking a trip. The more everyone exercises, the further you can travel!