Credit-crunched Brits will ditch the gym to save a few quid this new year

With gym membership costing as much as £500 a year, research by the leading price comparison site, moneysupermarket.com shows people are reviewing their disposable income and deciding they simply cannot afford the costs next year. While a sensible 14 per cent admit they are often no-shows at the gym and will be cancelling their membership to save money, a massive 42 per cent say they want to keep going to the gym, but can't afford it.

The research further shows only a quarter of people with gym membership (28 per cent) regularly went for a work-out. Less than one per cent of people said they keep fit and healthy in other ways and won't be joining a gym while one in 12 people (8 per cent) have never been a member of a gym before are considering joining one in the New Year.

Emma Walker, head of protection at price comparison website moneysupermarket.com, said: "New Year is often the time when people make promises to themselves to be healthier. Joining the gym is one way of kick-starting a healthy New Year. However, it is important to remember it can be a huge financial commitment, especially if you are on a tight budget. With one in seven (14 per cent) gym-goers admitting to rarely making use of the gym, they might as well just chuck the money down the drain."