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Forget about the latte factor. What about the yoga factor?  In the last 10 years, there have been a slew of independent spinning, yoga and boxing studios popping up on every corner of the city.  For a gym-goer like myself, they offer a welcome reprieve from my local and totally boring workout classes.

Here’s the problem…at over $20 a pop, these classes add up.  In a wink you can be spending $50 or more a week to stretch it out with your fellow downward doggers.  This is great for your health…not so much for your wealth.  If you decided to save that same $50 a week for the next 25 years, at a 6% rate of return, you would have over $135,000 in savings.

Before you go ditching your Lulu’s, here are some helpful tips to make sure you are taking care of all your assets…
Workout wealth tips

   1. Work and workouts – If you work for a large company, there is often a fitness reimbursement program.  Take a look on your company’s HR website to find out the specific details.  Unfortunately, companies don’t advertise these programs as much as they should.
      
   2. Package deals – Search for studios with package deals that don’t have an expiry date.  Obviously a package deal is less expensive than a one-off class…but you only benefit from the savings if you actually attend the classes.  Having an open ticket for 10 classes, for example, will ensure you are getting the most from your package.
      
   3. Fitness daily deals – With the influx of Groupon and LivingSocial websites, you can find fabulous fitness deals for a fraction of the cost.
      
   4. Just-opened promotions – Look for new studios in your neighbourhood.  They often offer promotions for new clients.  Bring a friend and you will likely save even more!
      
   5. The kid in you – Get outside.  Enough said.

Those are my two cents.