The Cost of New Year Resolutions

Every year, more than 80% of the New Years Resolutions made fail by the middle of February.  This article will discuss the most common New Years resolutions along with the costs involved.

  1. Sleep More:  Many people believe that if they buy a new pillow, or a new mattress, they will get more sleep.  New pillow and sheet sets can set you back $30-$150, while a new mattress can cost around $500 or more.  Alternatively, eliminating naps, and cutting back on caffeine is relatively free (except for the cost of falling asleep at your desk, and the headaches you might get from the lack of caffeine), while the cost of a bottle of Melatonin is around $10.
  2. Quit Smoking: This resolution is a hard one to calculate.  While the cost of smoking is around $5 or $6 per pack, there is also the cost of one’s health (the potential lung or mouth cancer); the cough that may develop, etc.  Depending on the strength of your addiction, the Nicotine patches and gum (up to $80 per month), and potential doctor’s office visits also create quite a cost (Quinn, 2016). Quitting smoking using cessation methods, though costly, is a temporary cost.  Once you have finally kicked the habit, you won’t be spending money on cigarettes, vape items, or cessation materials.
  3. Gym Memberships and Weight Loss Programs:  Losing weight and getting into shape are two of the most common New Years resolutions, but have you ever thought about the cost? Most gym memberships cost between $55 and $60 per month, and when you factor in the fact that only a fraction of members continue coming week after week, month after month, and that “67% of those who sign up for gym memberships don’t actually use them”, that gym membership is incredibly expensive! The cost of Weight Watchers (a monthly membership cost), and Jenny Craig (a monthly meal subscription) and Nutrisystem could cost you several thousands of dollars per year! All cities have parks where you can throw a frisbee, or play basketball with your friends (or children).  Some parks have tennis courts, skateboard parks, and outdoor gyms with stationary bicycles, leg presses, rowing machines and more (parkwarehouse.com, 2019).  Eating healthy fruits and vegetables and exercising on your own if you have the motivation, determination, and ability, will save you doctor visits, gym membership costs, and weight loss program fees. In many stores, the outside perimeter of the store contains the healthiest, most nutrient-dense foods (Shapefit, 2018).

References:

Outdoor Gym Equipment. (2019). Retrieved from Parkwarehouse: https://parkwarehouse.com/product-category/outdoor-fitness-equipment/

Quinn, M. C. (2016, 01 05). Here’s How Much Your New Years Resolution Will Cost You. Retrieved from Huffington Post: https://www.huffingtonpost.com/gobankingrates/heres-how-much-your-new-y_b_8917220.html

Shapefit. (2018). Shop The Outer Perimeter To Find Nutrient Dense Foods. Retrieved from Shapefit: https://www.shapefit.com/diet/shop-outer-perimeter.html

 

 

Published by Nichole Smart

I have a family of five with three children (19, 15, and 11). We live in a small town, where we drive 20 min for groceries and other items. I was in a bad accident a little over 3 years ago, that caused a lot of nerve damage to my foot. With mounting medical bills, we needed to find a way to save money, and still live an abundant life. This blog was born to help others. I thought the research I was doing to save money for my own family might be beneficial for other Pennywise Families, too! Join Pennywise Families to find ways to save money, and to share your tips for others! Please feel free to comment on any of the blogs!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: