I was and still am a member of the cheaper gym (Crunch, West Hollywood). As a Certified Financial Planner™, I have no problem with people spending money on a gym, assuming they actually go and get value from their membership. Even spending just $10 per month on Planet Fitness is a waste if you never go.įull disclosure, at the time of this conversation, my husband was a member of Equinox (he has since canceled his membership. While I would have loved to chime in, I just sat back and watched them go back and forth for quite some time. My recollection of the conversation about quitting Equinox went something like this:Īndre: Who cares? How much are you really saving? After ten years you could buy a Toyota Corolla.įrugal Frank: Why pay so much for Equinox, my gym is just a good and way cheaper. One of the two (let’s call him Andre) was a member at Equinox, paying about $240 per month for the privilege, the other was a member of a gym (let's call him Frugal Frank) that costs about 1/3 of Equinox. At a Christmas party, two friends were having a heated argument about the perceived value of paying the sky-high membership fees at Equinox.
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