When choosing a gym, most people look at the amenities and prices. However, the advertised prices might not be as good as they seem because many gyms add extra fees that can add up over time. Be aware of these hidden costs when signing up for a gym membership.
Often, gyms that advertise low monthly prices have initiation fees to start an account. For instance, Lifetime Fitness charges an $80 sign-up fee. These fees, also known as registration or startup fees, are usually mentioned in the contract, so make sure to check before joining.
Most gym memberships require a monthly payment, but many also have an annual maintenance fee. This fee, supposedly for “account maintenance,” is often charged at the beginning of the year. So, if you join in November, you might have to pay an extra $50 to $100 just a month later. Always consider these yearly fees when calculating the total cost.
It’s also wise to check a gym’s quitting fees before signing up. Even gyms that claim to have no quitting fee might have a clause requiring you to pay one to three months’ worth of dues if you quit early. These fees are usually higher if you leave within the first year. However, you might avoid them for valid reasons like pregnancy, injury, deployment, or moving.
Many people are drawn to gyms for their pools, basketball courts, racquetball courts, and tennis courts. Keep in mind that access to these features often comes with an extra cost. Gyms usually explain these options when you sign up, and you might need to pay a higher monthly fee for access.
If you prefer 24-hour gyms where you can use a key to enter outside of normal hours, be prepared to pay extra. The cost of a key can range from $5 to $50, and there are also replacement fees if you lose it. These costs might not be hidden, but they can still be unexpected expenses.
If you’re interested in personal trainers or group classes, expect higher costs. Some gyms charge per class, while others require a higher membership tier for access to classes and training.
Knowing about these hidden fees can help you avoid them. Gyms often add new costs or increase existing ones, so it’s important to be well-informed before committing to a membership.