Here at The Drunk Millionaire, we’re always looking for ways to minimize expenses. One way we’re saving money is by using DIY workout equipment.
Skip the costly gym memberships, and read below to find out if you can utilize our cost saving methodology in your workout routine!
You Really Should Workout
To start with, let’s first discuss the value of physical exercise. From boosting your mood to improving your sex life, routine workouts can greatly increase your quality of life.
According to the Mayo Clinic, routinely working out helps the following aspects of your life (with resulting financial benefits in parentheses):
1) Weight Control (reduced health and life insurance expenses)
2) Combating health conditions and diseases (fewer doctor visits, thus reduced health care costs)
3) Improved mood (better relationships, plus better work performance)
4) Boosted energy/better sleep (More energy to work, increasing work output)
5) Spark your sex life (use your imagination for this one…)
The Mayo Clinic recommends at least 30 minutes of exercise per day.
Avoid the Costly Memberships
Now that we all agree that working out benefits your health and finances in a multitude of ways, how can you avoid those expensive gym memberships?
Where I live, one of the only places to get a workout membership is at the YMCA. Don’t get me wrong, they have awesome facilities in a brand new building with more machines than I could ever use. In fact, I don’t really know how 75% of them work!
Unfortunately, a membership runs about $70 per month! This equates to $840 per year – no small chunk of the budget!
I know that you’re probably saying that you can’t put a price tag on good health, but I wanted to challenge that dogma this year with a different approach.
How I Workout on the Cheap
After we moved into our new house this year, I had to get out of my membership because it was too far away to justify the expense. Instead I built a DIY gym of sorts at my house.
The first realization was how little equipment I actually needed.
I use free weights and bodyweight (think pushups) for all of my workouts. From a bench press that was virtually free on Craigslist, to brake drums that were converted to dumbbells, the few pieces of equipment I use were under $20.00 (thus the $0.02 per workout).
Additionally, I use a pull-up bar, do push-ups, and “try” to run and use a jump rope for a nice cardio addition.
Man, I hate cardio….. 😉
To distill my workout ethos further, I simply push around big (and cheap) chunks of iron to stay in shape. Sure, it’s not as sexy as the shiny machines at the gym, but my results have been consistently the same.
I’m not complaining about the $839.98 I saved this year either! 😉
This workout at home approach is not for everyone. For some, the motivation that’s provided from a membership is probably worth the added expense. It takes more self-discipline to regularly workout when you stay home.