MONEY Millennials

Sorry, Oldsters, Tinder Isn’t the Only Thing That Costs More if You’re Over 30

Tinder on mobile phone
Cyberstock—Alamy

Getting older is hard enough by itself, but leaving your 20s can also mean a slew of price increases and new expenses.

It can be tough out there for the over-30 crowd. Not that I would know— I plan to be in my mid-20s forever. But judging by my older friends, the influx of “just turned 30 (frowny face)” Facebook statuses, and the popular media, the big three-oh is a sobering moment when one comes to terms with the end of youth, the inevitability of death, and the realization that one should maybe stop going out on Mondays.

And that’s not all. Crossing 30 also makes life more expensive. Here are five things that get pricier as millennials enter—or simply get closer to—their next decade:

Tinder
Yes, even hooking up gets more expensive after your 30th birthday. The popular dating app Tinder recently announced that older users will have to pay more for its premium service, Tinder Plus. The service, which removes ads and includes a variety of extra features, will cost Americans $9.99 a month—unless they’re over 29, in which case the price doubles, to $19.99.

Tinder says it isn’t gouging older users, it’s simply offering younger users a discount because they’re “more budget constrained,” but that’s a distinction without difference for everyone stuck paying higher fees.

Health insurance
Thanks to Obamacare, anyone under 26 can comfortably freeload remain on their parents’ insurance. But turn 27 and your health care situation could deteriorate before your eyes. No more mooching off Mom and Dad means you’ll be left with whatever health insurance your work offers, which can be more expensive per person than a family plan, especially if your parents work in an industry with generous benefits. (And that’s assuming you’re currently reimbursing your parents for insurance. Those who don’t will be in for an even harsher wakeup call.) Plus, if you’re unemployed, be prepared to buy individual insurance through health care exchanges, which can be more expensive still.

Gym membership
Having to work out is bad enough, but gym rats over 30 may also end up paying more for the privilege. Local YMCA branches typically offer “young adult” discounts. The age cap on this deal can be as low as 22 or as high as 29, but we’ve yet to see one that extends to people older than their 20s. An adult membership will generally run you about $100 more per year, and that’s not including the emotional cost of being called a no-longer-young “adult.”

Traveling in Europe
Going backpacking through Europe is one of the most stereotypical young-person things out there, so it sort of makes sense it would get more expensive as you get older. Accordingly, Eurail, one of the most popular and cost-effective ways to explore the European continent, is 35% cheaper for travelers under 26. Air travel also gets more expensive for grownup vacationers. STA Travel, which bills itself as a full-service travel retailer, offers special discounts on flights to customers under 26.

Theater tickets
Young fans of the stage are in luck: a huge number of theaters offer special 30-and-under discounts to this coveted demographic. This is especially true in New York City, but since theaters everywhere are struggling to attract a younger crowd, it’s likely you’ll see similar deals across the country. Some locations extend special offers to patrons as “old” as 35, but the farther you get into your 30s, the more you should expect to pay for your arts fix.

MONEY health

The Cheapest Way to Achieve Your Fitness Goals

woman exercising in living room with tablet on floor next to her
Kevin Kozicki—Getty Images/Image Source

Before dropping a fat wad of cash on a gym membership, consider these alternatives.

This time of year, gyms try hard to woo those who made losing weight their number one New Year’s resolution with promotional deals and the promise of “A New You for the New Year!”

But don’t be too quick to sign a contract. Research shows that 67% of gym memberships go unused, and at an average of $58 a month, you could be burning more money than calories in 2015.

Here are a few inexpensive gym alternatives that can provide the guidance and motivation you need as you lunge your way towards your fitness goals:

Your Digital Personal Trainer

A few sessions with a personal trainer will keep you honest, but at a price.

While it may not be quite as personal, you can get similar encouragement through technology: There are tons of free apps out there to help you come up with workout routines, track your fitness goals and monitor your progress, says Sarah Krieger, registered dietician and spokesperson for the Academy of Nutrition and Dietetics. She suggested Johnson & Johnson’s Official 7 Minute Workout, which also made Men’s Fitness list of best fitness apps of 2014. “You can download it once and do it anywhere, even hotel rooms,” she says.

Men’s Fitness also liked apps like Six Pack Abs, CycleNav for bikers, and Strength Calc Natty Edition for weightlifters. Jessica Matthews, senior health and fitness expert for the American Council on Exercise, adds that calorie tracking apps like My Fitness Pal can also be great motivators, says Matthews. On that app, you can track your weight loss and body measurements, set goals for yourself, and get encouragement from friends who also use the tool.

Willing to spend a little bit of money? Wearables like FitBit ($60 to $250) and UP by Jawbone ($50 to $180) give you a more comprehensive analysis of your physical activity as well as monitoring your progress—which can really help you stick with a new regime, says Matthews.

Classes on Your Computer

Maybe you need a structured fitness program to keep you on track? You can replicate the experience of aerobics classes in your own home.

DVD series like P90X have become popular at-home workout options. However, such programs do typically require an initial investment of more than $100.

That’s cheaper than a gym, but you may be able to do even better on price: Subscription streaming services like DailyBurn, YogaGlo or SpiroFIT offer a variety of workout options for $5 to $18 a month.

Or there’s YouTube, which offers a lot of free exercise content.

Big names in the fitness world like Todd Durkin and Stacy McCarthy have their own channels, says Matthews, “and every major kind of fitness organization is putting out free content as well.”

Web-based services are especially convenient, because they offer expert instruction wherever and whenever you have time for a few lunges. “As long as you have power, you have access to any kind of exercise in video form right there in your living room,” Krieger says.

Equipment at a Discount

Who needs equipment? You have access to one of the greatest machines ever built—your body. Bodyweight exercises have actually been a trend in the fitness industry over the past few years, says Matthews.

Considered functional fitness, squats, lunges and pushups are great for beginners because they don’t require equipment and can be modified based on your fitness level, Matthews adds.

But if you know you’d be more likely to work out if you had a full free-weight set, or machinery like a treadmill or elliptical, buying used will save you some money, Krieger advises.

Much like unused gym memberships, nearly two thirds of Americans haven’t used their exercise equipment in six months or more. So at yard sales, resale stores, and sites like Craigslist and eBay, thrifty shoppers can find equipment that has been gathering dust in the neighbor’s basement for a discounted price. Looking at Craigslist in Philadelphia recently, there were many treadmill options available for $200 or less.

The one thing Krieger definitely recommends investing in? A good pair of shoes that you feel comfortable walking a mile in. That’s a good way to stay excited about getting up from your desk to burn a couple extra calories on your lunch break.

“We all are committed to our desk,” she says, “but if you really can walk the stairs in any building or pick the parking space way in the back of the lot, it really is better for your health.”

If you do decide to join a gym…

•Stay close to home. Remember that convenience is the key to a lasting change, so don’t opt for the nice big gym across town with the great promotion if it’s so far out of the way that you will never go to it.

•Read the fine print. Many gyms require you to sign a contract. Knowing the terms of your agreement, particularly the length of the contract, what is included in your payments and how to cancel your membership, is crucial.

•Shop around. Around the New Year, many gyms waive their initiation fee, says Matthews. And if they haven’t, it’s not too brazen to ask if they’d waive it just for you. With so many fitness options available at discounted prices this season, the gym might be willing to drop the fee if it means they win your business.

•Start with a free trial. Many gyms offer guest passes that allow you to get a feel for the facilities, plus help you determine if you will keep up your end of the I’m-going-to-the-gym-four-times-a-week resolution before you shell out the big bucks for a full membership.

 

More on resolutions:

MONEY Health Care

The Hidden Financial Benefits of Keeping Yourself Fit

running shoes hovering over a scale
Geir Pettersen—Getty Images

Investing in fitness can generate financial rewards as well as health benefits.

You know exercise is good for you. What you may not know is that working out can have financial benefits too.

Plenty of research suggests that overweight people spend more on health care, but it’s not just the thin who stand to save. Fact is, regardless of your weight, if you’re a couch potato you’re likely missing out on earning and saving opportunities.

The Payoff in Your Paycheck

Health care costs aren’t the only way physical activity is a benefit. People who work out regularly, as in at least three times per week, are more productive at work than those who don’t, according to research published in the Journal of Occupational and Environmental Medicine. Those who get sufficient exercise also miss fewer workdays, according to the same study. Those absences can translate to lost income and lost opportunities for advancement.

Another study published in the Journal of Labor Research found that men who work out regularly can expect to make 6% more than their sedentary counterparts, on average. For women, the pay boost is higher: Fitness-savvy females make 10% more, on average.

A Nudge From the Boss

If you’re not already working out, it doesn’t have to cost an arm and a leg to start.

For starters, some employers just flat-out pay their employees to work out as part of workplace wellness initiatives. For example, IBM offers cash to employees who meet certain fitness goals. Employees at Google and Zappos can use on-site fitness classes and facilities, enabling them to skip membership fees at traditional gyms. Even if your company doesn’t currently offer wellness benefits, it might soon: Under the Affordable Care Act, employers can receive grants to get one started.

Your employer may have a deal worked out with a local gym where employees can get discounted rates. Even if your company doesn’t offer such an incentive, chances are that your health insurance provider does. UnitedHealthcare offers reimbursements of $20 per month to members who use one of many participating gyms, while Blue Cross Blue Shield has worked out a $25 membership fee for their members at over 8,000 gyms nationwide. These insurance giants aren’t the only ones in on the game—most health care insurers offer some type of fitness benefit for members.

Just Do It

On the other hand, skipping the gym altogether may be your biggest money saver. If a participating fitness center isn’t available near you, or you’re just not the gym-going type, there are plenty of ways to get in shape for free. You can use the myriad online videos in the comfort and privacy of your own home, such as those offered on Bodyrock.TV or YouTube’s workout channel. If you like mobile apps, try Daily Workouts free app, or iPump. If you’re close with your co-workers you can start a lunchtime walking group. Your boss may just end up rewarding you for it.

Read more from NerdWallet Health, a website that empowers consumers to find high quality, affordable health care and lower their medical bills.

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