How Games Teach Financial Management Skills

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Story Highlight
  • Games can teach all sorts of life lessons that can change one’s life for the better.
  • These include making better financial decisions, which come in handy in the long term.
  • Games challenge players with resource management, boss fights, and more to teach important lessons.

Games can teach all sorts of real-life skills, including those related to inventory management. This is because boss fights often require one specific item to excel, while having enough healing items in an important encounter can be the difference between life and death.

The same goes for currency management, especially in cases where microtransactions become involved. Gamers often carefully save up in-game money for a special piece of gear or equipment, and certain games like GTA 5 even allow investing of virtual money into stocks for profits and returns.

Why it matters: Millions of people play games, and the hobby is only going to grow from here on out.

Resource Management

Final Fantasy 14
MMOs Like FF14 Teach A Lot About Resource Management

During gameplay, it isn’t uncommon to frequently check one’s inventory for important items.

The same goes for real life, so it’s a good idea for one to check their bank account now and then. This is because having an exact value can lead to more informed decision-making. As a consequence, gamers can optimize spending in real life like they would have done in a game.

Passive Income and Grinding

Grinding is a common theme in games, especially when playing MMOs or RPGs. This theme also carries over to the aspect of passive income, whereby investing resources can lead to passive rewards when, for example, sending out characters on missions that just complete over time.

The same principle can be applied to real life, and the best way to level up finances is to open a high-yield savings account. This is beneficial since money typically loses value sitting in a bank account, and it can instead earn interest at a high rate.

The Cost of Cosmetic Upgrades

Naruto In Fortnite
Gamers Buy Tons of Skins In Fortnite

As mentioned earlier, microtransactions take up a huge chunk of most gamers’ spending in modern titles. However, many see microtransactions as a waste of money, and rightfully so.

In real life, the same principle can be applied to buying expensive bikes, perfumes, or clothes. There’s nothing wrong with buying things that bring you joy, but ultimately, it’s even more important to reserve money for emergencies, retirement, etc.

This is why a strong foundation must be built before purchasing the more fancy things in life.

Managing Boss Fights

Like games, real life is incredibly unpredictable. Just as you can run into a secret boss in a Souls title at the worst time, life can often throw curveballs at you that seem to come at the worst possible times.

This is why life requires careful management of an emergency fund. Having adequate resources for the worst possible times is an effective life hack that most people simply ignore.

Ultimately, whether in a game or real life, it’s important to stay consistent. Just as patience and perseverance triumph against seemingly impossible odds in a Souls-like boss fight, smart financial decisions at a steady pace can make a huge difference in the long term.

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