Quick Answer: What Is An Annual Fee For A Gym?

Why do gyms charge an annual fee?

Is There a Maintenance Fee? Since the average cost of a gym membership has plummeted over the years, the need to supplement that lost revenue has risen. It’s common for gyms to charge an annual “maintenance fee” to members.

How do I avoid annual fee at the gym?

Membership

  1. Try out the gym on the day and time you always intend to work out.
  2. You can always negotiate.
  3. The “initiation fee” is almost always negotiable.
  4. Join a day or two before the end of the month.
  5. Pay for your membership in advance.
  6. Canceling can be difficult.
  7. Hack the machines.
  8. Only pay for certified trainers.

What is the annual fee for Planet Fitness?

The annual fee of $39 is billed on or around eight weeks after your join date. A staff member at your club can help you determine when your annual fee date is.

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What is the average fees of gym?

The average monthly cost of a gym membership is $58, but in cities like Brooklyn, monthly spending tops $100.

Why did Planet Fitness charge me $39?

According to Planet Fitness’ FAQ page on its website, in order to have access to the gym facilities, there is an annual charge of $39 that “goes towards club maintenance and upkeep.” This fee is due once a year and for a lot of people, that time of the year happened July 1, 2020.

What is the cheapest gym to join?

Five most affordable gym memberships

  1. Planet Fitness. Planet Fitness advertises itself as a gym for people who don’t like gyms, with ads referring to every Planet Fitness location as a “Judgement Free Zone.”
  2. Cardinal Fitness.
  3. Your Local YMCA.
  4. Gold’s Gym.
  5. LA Fitness.

How can I get into a gym for free?

Some gyms have low income programs.

  1. Community Recreation Centers often have low income programs.
  2. YMCA offers financial assistance.
  3. 24 Hour Fitness offers a 3-Day Free Pass.
  4. Anytime Fitness offers a free 7-day pass.
  5. Crunch Fitness offers a free 7-day pass.
  6. Genesis Health Clubs offer a free 7 -day pass.

Can you negotiate a gym membership?

Luckily, gym contracts are absolutely negotiable. “Based on my research of gyms and my own experience negotiating with LA Fitness and Planet Fitness, it’s more than possible to bargain for a lower rate or sign-up bonus with a new gym,” says J.R. Duren, a personal finance journalist at Highya.com.

How can I avoid gym contracts?

Negotiate Before Signing Look for places where you can negotiate the terms, cancellation policies, and even how they take payment. You’ll probably have better luck with this at a smaller gym, says Simeone. “If it’s someone who owns their own space, they’re going to have more flexibility with their contract.

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Is there a fee to cancel Planet Fitness?

If you end your membership before the contract term, then you need to pay a planet fitness cancellation fee on early membership termination. The buyout cancellation fee for Planet Fitness is $58. The cancellation fee can be 5-6 times higher than the regular payment, if not done as per the contract.

Does Planet Fitness have hidden fees?

Customers should be aware that Planet Fitness charges a $39 annual membership fee that is typically assessed in October. This fee is affordable for people on a budget when contrasted with the majority of fitness companies who charge hidden fees of $75 or more.

How much is the annual fee for 24 Hour Fitness?

What is the Annual Fee? Each year, members will be charged an Annual Fee of $49.99 in addition to monthly dues. The Annual Fee is due and payable each year on the 2nd month in accordance of your membership enrollment date, as long as the membership is in effect.

How much does a gym cost per month?

After analyzing the prices of 16 popular U.S. gym chains, we found that the average monthly cost of a gym membership to enjoy the benefits of working out in 2021 is $37.71. Prices vary as well based on the membership; ranging from $31.00 with lower-tier memberships to $44.42 on higher-tier memberships.

How much money do people spend on health fitness?

The study surveyed 1,350 US adults aged 18 to 65 and found that the average American spends $155 per month on their health and fitness, that’s $112,000 in their entire lifetime, and $13,000 more than a public four year college education which averages about $98,440.

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