Games

The Ways Video Games Push You to Overspend

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If you’re worried that your gaming hobby is pushing you to overspend, you might be right. Video game companies want you to empty your wallet, even if it’s not the best idea for your budget.

Find out how these companies push players to spend more than expected.

 

The Problem with Blowing Your Budget

Draining your paychecks to keep up with gaming can cause some serious problems. You could miss an important bill, go into overdraft, or get hit with an emergency expense that you can’t afford.

So, what can you do? If you get hit with an emergency expense, and you don’t have the savings to deal with it, you can put the charge on your credit card or you could apply for a personal loan online. Be sure to look for loans that are specifically available in your state. So, if you live in Milwaukee, you should apply for a Wisconsin loan online to help you handle this emergency expense. You’ll want a loan that’s accessible to your location.

Finally, you’ll want to rethink your gaming budget so that you stop overspending. The best way to do that is to figure out how games are tricking you into paying more than you originally planned.

 

The Ways Video Games Push You to Overspend

Microtransactions

Microtransaction is a popular term for an in-game purchase. For a small fee, you can purchase a new armor design or get a special weapon that you couldn’t access through your normal gameplay.

Microtransactions are alluring because they seem small. But they’re designed to encourage you to make repeated small purchases over time, adding up to quite a bit of money. A survey on MMOs found that most players spend $50-$100 on microtransactions — and a small percentage of them spend over $1000.

Microtransactions could easily push you to spend more than the cost of a brand-new game.

Loot Boxes

Loot boxes are virtual containers filled with items that players might want in the game — however, they have no idea what items they’ll get. They have to pay to open the box and see.

Loot boxes push gamers to ignore their impulse control and spend to see what they get. This can quickly get out of hand. Some lawmakers have suggested regulating loot boxes in games because they have similar mechanics (and results) to gambling. They’re addictive.

Tricky Conversions

Most games have fake currency for players to use, like gold coins, bells or candies. To make in-game purchases, you often need to use this currency. To get that currency, sometimes you need to spend real money. This seems like a fair trade until you realize that the conversion rate between the fake and real currency isn’t always 1:1.

Expansion Packs

Another common tactic to get gamers to spend more is to put out expansion packs and seasonal passes for a price. Players can pay a higher price to access fresh content like new maps, missions, storylines and features outside of the original narrative. For instance, if you wanted to get a Nintendo expansion pack with your online subscription service, you would bump up your payment from $20 per year to $50 per year.

Learn the methods that video companies use to push customers to spend and try to ignore them. Do it for your budget!

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