Written on January 6, 2012 at 12:07 pm , by Colleen Moody
If there’s one area you don’t want to get any slimmer this year, it’s your wallet. Now that the presents are unwrapped and your shopping list has vanished, keep these tips handy to stay financially fit from FOX Business Network’s Sandra Smith, a reporter on the economy and all things greens (i.e. money!).
1. Set goals. Just as you are laying out your fitness goals for the year, so should you lay out your financial goals. What debts do you want to pay off, how much money do you want to save, what investments should you make. Be specific! As you reach your goals, you will feel inspired to set new ones.
2. Maximize your benefits. Many employers offer benefits in addition to your regular paycheck. From 401K’s to flex spending accounts and health plans. Get the most out of your benefits and discounts at work– you’ve earned them! Contact your human resources department to get the most out of what is being offered to you.
3. Get out of debt. From school loans to credit card bills, keep chipping away. Contact a financial professional if you have multiple debts and want to find the best and least expensive way to pay them off. Carrying debts costs money, so the sooner you can pay these debts, the closer you are to financial freedom.
Read on for more money saving tips from Smith.
Written on November 1, 2011 at 7:00 am , by fitsugar
Gym memberships, Bar Method classes, and Lululemon capris — this stuff doesn’t come cheap. But what if we told you that you don’t have to pay full price? And that in some cases, you may even get it for free. It may sound too good to be true, but with the right approach, you can exercise for next to nothing (while also taking the hottest new classes and wearing the latest gear). Keep reading to learn how to score major deals — and save major bucks — on all things fitness!
Negotiate a Gym Rate
It’s easy to get a deal on gym membership — you just have to ask. Once you’ve picked the right gym, do your homework before meeting with its membership representative. See what rates other gyms are offering and the types of deals your gym of choice has used in the past; this information will come in handy when negotiating. Also, be honest about your income and monthly expenses; it’s not unusual for membership reps to cut a deal based on an individual’s financial profile. Ask if they can offer a discount based on your profession (students and educators are usually good candidates) or if they will give a better deal if you agree to a long-term contract. At the very least, you should be able to have the enrollment fee waived.
Use Coupon Websites to Get Almost-Free Classes
Daily coupon sites like Groupon, PopSugar City, and LivingSocial can help you save major bucks on the hottest new fitness classes and studios. These websites work by helping strangers form a buying collective, which is then leveraged for major discounts. Depending on the day, you’re likely to find upwards of a 50 percent discount on rock climbing classes, Zumba, or Bar Method classes.
Create a Home Gym
Why pay for exercise when you can work out at home for next to nothing? Determine what your favorite types of workouts are, and from there, buy the appropriate at-home gym equipment and use these tips to create a mini gym in your house. Shop online to score used big-ticket items like a treadmill or elliptical machine. Skip the equipment altogether and work out to fitness DVDs — which you can check out for free from the library — or stream free exercise videos from your home computer. Here are some additional ideas for at-home workouts.
Barter For Free Classes
Bartering is a pretty common practice in private studios. Often called “karma programs,” for every hour of work you donate toward the studio, you’re rewarded with a free hour that you can use toward classes. Check to see if your current studio offers a program like this, or call around to find a studio that does. If not, ask if they’d be willing to.