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New Year, no new gym membership

Wednesday, December 28, 2011

Category: Secured Loans

According to moneysupermarket.com, their research has uncovered that 68 percent of consumers will not be joining a gym or renewing their membership next year.  Findings have shown that this group of individuals feel that gym costs are unnecessary and that they are keeping fit and healthy by alternative means.  In contrast, 46 percent were reportedly of this opinion in 2009.

It has been revealed that 12 percent of respondents are worried about the expense.  It was found that 5 percent are not intending to renew their gym membership on the grounds that they hardly utilised it this year and need to reduce their expenditure.  Furthermore, 6 percent are reportedly uncertain about joining because they need to reassess their spending in the present economic climate.

The price comparison site also found that 18 percent of 18 to 34 year olds are already exercising on a regular basis and are planning to renew their gym membership in 2012.  In contrast, this was only found to be the case for 6 percent of those over the age of 55.  In fact, 81 percent of those over 55 years of age reportedly feel that the gym is a ‘waste of money’.  Rather than signing up to a fitness club, they find different methods of keeping fit and healthy.

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Homeowners who are finding their finances particularly tight at the moment could consider taking out a secured loan.  One of many finance options available, a secured loan could reduce monthly outgoings – thereby freeing up useful money each month.  Secured homeowner loans can make this possible by allowing borrowers to tie up any expensive debt repayments into one, manageable, monthly repayment.  However, if opting for a secured loan to consolidate debt, it should be remembered that consolidating your debt may increase the amount you pay back overall and extend the repayment periods of your debts.
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