One of my goals this year is to not go over budget. I am limiting myself to $520.00 to spend on video games, and I can't go over it. What happens if I do? Well, let's just say it won't be pretty...
Mo' money, Mo' problems
When I was a kid I completed all my video games I owned. Obtaining 101% in games was no problem, and if there were achievements back then I would be the king of them. As a kid I had no responsibilities but go to school, get good grades, and stay out of trouble. So what else was I going to do but play video games all day long. But the main reason why I completed all my games is because I didn't have many to begin with. The only money I had was a small allowance I got on a weekly basis; and two dollars a week meant it was going to be a long time before I bought my next game.
My parents had all the purchasing power, which meant I usually only got new video games on my birthday and Christmas. If I did well in school I would get rewarded with a new game or two. But because I was getting a few games a year, I played them over and over again and 100% most of my games. Around junior high my allowance started getting a bit better, and by early high school I was saving all my allowance to get about a game a month. I still had a lot of time on my hands to be playing every game to it's fullest and pick up a new one every month.
I became a completionist out of necessity. It wasn't until late high school where I got my first job and my first paycheck, that I was to buy games whenever I wanted. Now I had all the money! And I could buy all the games! I think for the first year I had a job, 90% of it went to video games and video game related purchases. Games, systems, guides, a new TV, extra controllers, limited edition stuff, classic games, I never got for Christmas; it was all mine!
I had no idea my impulsive buying habits I developed when I got my first job would stay with me for a long time. It isn't until recently that I can say it's gotten better. If only by a little bit. If I had sat down and set a budget for myself when I got my first job, I probably would not have had a bunch of the financial issues I did, not just with games but in my personal life. But I was seventeen! What seventeen year old knows the importance of a budget?
It's easier to spend than to save
The hardest thing about saving money is not spending it. Having to tell yourself, "You don't really need this right now," over and over is one of the most challenging things to do. Which is why we break those promises over and over. Even when I first started buying every game in front of me I had a few moments where I would look at all my new games and wonder, "when am I going to play all these games?" But I didn't let those moments of self reflection stop me.
And I think that the games of today have tons of more hours you can put into them than the games I had when I was growing up. It doesn't take too long to 100% Super Mario World. This is why when I completed a game I would usually delete the save file and do it again. I don't know how many times I did that with games like Super Mario World or Donkey Kong Country or Ocarina of Time but I did it so much that I still remember where every thing is today and can go back and complete everything from memory. If I had a game like Skyrim or Borderlands 2 or Halo 4 as a kid, I probably would not have even noticed I was getting like 5 games a year.
I would say it would have been when the late PS2, Xbox and Gamecube games started getting released, that games stated having a lot more things you could do in them, meaning if you wanted to actually 100% a game before the next one, it was going to take you longer and waiting to hold off on purchasing that shiny new game became harder. Because even though the games got longer, game releases stayed the same, or were more frequent in some cases.
Eventually I got older and had more responsibilities in my personal life and that started taking away all the free time I had to play video games. Unfortunately I was still buying video games like I had all the time to play them and I didn't. It's easy to look back and notice these issues which are obvious now, but when it's happening in the moment you might not realize it. And even if you do briefly acknowledge it or are aware of your reckless decisions causing a bad habit to form, you have to be willing to solve it right there and not put it off thinking it will work itself out. Many times I justified my purchases of multiple games by telling myself I will play them later or more time will magically make itself available. But that doesn't happen. In fact, the opposite always happens and you always have less time to play games as you get older and get a job, get married, have kids, etc.
Be a better buyer
I'm sure my story isn't dissimilar from others. We can't control our purchases which is why we all have a huge backlog. So what is the solution? The one thing I'm going to start with this year to help me tackle my backlog is to budget. Now a few things about having a budget should be discussed. The first being I should not try to max out my budget by the end of the year. I have $520 to spend, my goal isn't to spend every single cent, but to use it as a guide so my purchases don't get out of control. Even though I have this money I know I can spend, I still need to make sure every purchase matters and is a smart buy. If I tell myself to just buy every game at $10 or less that would be 52 games, and there is no way I am going to play 52 games this year.
The second is there should be a consequence for going over my budget. How am I suppose to form a positive habit if I have nothing to keep me from breaking it? I can say I should only spend $520, but if by the end of the year I spend over $200 of my budget, is there anyone that's going to hold me accountable? I only have myself to. So, at least for the foreseeable future, let's say next year's budget will be the same. If I do go over budget than that will be taken away from next year, and I'll have less money to spend. This would be good because if I am not careful I can spend all my money for the next two or three years! But hopefully it won't come to that... right?
Why $520?
I didn't really know how much I should spend on video games or what my budget should be, so I decided to make things simple. There are fifty two weeks in the year, and at most I shouldn't be spending more than ten dollars a week on video games. So that's how I came up with $520. When I hear $15 a week or $20 a week it sounds like way too much to spending for my budget. But if you are someone who can spend well beyond $10 a week and still live comfortably within your means, go ahead! Find whatever number works well for you. I'm not rich, and my bank account cries a little whenever I take any amount of money from it.
What counts towards the budget?
Everything and anything video game related goes into the gaming budget. I'm talking video games, controllers, accessories, strategy guides, consoles, etc. Something that's another form of media like a DVD or Book that's not a strategy guide, doesn't count. So for example the Hyrule Historia I bought last year, doesn't count to my budget. I used gift card money to buy it anyway so win win.
Automatic deductions
There are a few purchases I know I will be making through out the year that I should add to my budget right away. Even if I don't end up making them, I will still have the money for them in the budget and help prevent overspending. Last year I started my $60 Steam sale budget, and I'll create another post detailing what that is. Basically I am only going to buy games from Steam twice a year, during the Steam Summer Sale and Holiday sale. I can only spend no more than $60 each sale.
Also I will need to renew my Xbox Live membership at the end of the year, so that's another $60. Although I usually grab it at a discount but still if I miss that I know I have the $60 for it.
The big ones
There are two big ticket items I would like to get this year. The first is Pokemon X&Y. Now these purchases are not set in stone, because there are a few factors that need to happen for me to get them. I outlined what I need to do in order to get X&Y in my blog about Pokemon this week. What I would like to add to that is if by some reason I take a really long time and Pokemon Z or something is announced this year (which if history shows is a very good possibility, maybe even an announcement of a remake of Gen III) then I will hold off and get that version instead of X&Y. The third extension of each series usually combines the best elements of the two games, and adds updates and features that affect competitive play. So for me to stay up to date with Pokemon I would have to get that version.
The other big ticket purchase I want to make this year is the Wii U. A while back I made a few rules for myself so that I would not buy consoles when they launched, and I'm going to create a post detailing what those rules are. But the Wii U is almost, almost ready for me to buy and if all goes well, this is the year I can do it. But there is one big factor: Super Smash Bros. I've decided that I will not buy a Wii U, even if all other requirements are met, until Super Smash Bros is available. And by available I mean in stores or on the Nintendo E-Shop. I am tired of buying systems for a game I want, and end up waiting a year or two for a game that was announced. Then by the time the game comes out there is a nice bundle or limited edition set I could have purchased instead of the vanilla model.
The first year the 3DS came out, they had that sweet Ocarina of Time bundle, which I really wanted. But I told myself I would be better off waiting. And I am glad I did because then we got the 3DS XL redesign and another Zelda bundle with a new Zelda game, rather than a game I've played 100 times (to be fair would still play it 100 times more). And I wish I would have bought a DS XL back in the day because comparing my 3DS XL to my DSi, I can't go back to the smaller size. Bigger is better in this scenario.
So who knows what will happen with the Wii U by the time Smash Bros is eventually released. Both Melee and Brawl were delayed, and Nintendo already delayed a few Wii U games like Donkey Kong Country Tropical Freeze. I don't want to buy a Wii U mid year when I could have waited until the Fall for that super sweet Smash Bros bundle or maybe there will be a price drop to help struggling sales. But I will go into more about my mindset of purchasing new systems, and create a timeline of when I would like to get each system I want.
How do I keep track of my budget?
Every time I make a purchase, I will put it into a Google Docs spreadsheet. I will put what I purchased, the date, how much it cost, and if it was a sale or discount and how much it's original price was. This is the easiest part of keeping my budget. Once I figure out how to share my google spreadsheet (and make it pretty) I will put it up in a future post, and post a blog every time I make changes or add to it.
End goal
There are a lot of things I want to buy. This is something I will admit is probably one of the main reasons why I spend so much on games. Not just new games, but old classic games I use to own that I want to rebuild my collection. I find myself looking on Ebay for hours at potential great deals on games and purchase them, telling myself I'm adding to the collection I always wanted. Yet I don't keep track of what I spend and sometimes the purchases just sit there for months without me even touching them. I think I get more satisfaction buying something I use to have than playing it.
Hopefully by keeping a budget I can change all of this. I will have to be smarter about my purchases through out the year, therefore I will be spending my money on the things that (should) matter most to me. There are a lot of collections I want to build, but some of them I won't be able to enjoy in my current situation. I need to be realistic about my purchases, and think long and hard about each decision I make.
By keeping my budget I will be a better gamer because I will be a more financially conscious buyer. I will be a better Dad as well; teaching my daughter the importance of a budget when she gets old enough and hopefully preventing her from making the same amount of mistakes as I did. I will be better at budgeting in general if I pull this off, and who knows maybe by the end of the year I will have a surplus, and be in a position to make larger purchases in the future. Ok so let's go out there, not spend any money, and play those games I own!