As the new year unfolds, many individuals embark on a journey to prioritize their well-being, often accompanied by a flurry of enthusiasm and a willingness to invest in their health. The wellness industry, sensing this eagerness, presents a vast array of options, from gym memberships to wellness apps, designed to support these lofty goals.
However, it is crucial to approach these opportunities with a cautious eye, lest the pursuit of wellness inadvertently lead to financial strain. The statistics are telling: Americans allocate an average of $6,000 per person annually to wellness-related expenditures, as reported by the Global Wellness Institute’s 2025 report.
In light of this considerable outlay, it is essential to exercise prudence when committing to gym or studio contracts. Amy Miller, an accredited financial counselor and director of America Saves, offers sage advice: “That can quickly take a $10 a month membership and double it when you start adding your fees.” Before signing on the dotted line, it is vital to scrutinize the terms and conditions, taking care to understand the contract’s duration, as well as any potential hidden costs, such as annual account maintenance fees, late payment fees, or early cancellation penalties.
With a new year, health resolutions spur consumers to spend big on gym memberships, wellness apps and other tools to help them reach their fitness …
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