Welcome to TESO Morrowind, the land of magic and mischief. Explore the majestic landscape, battle menacing creatures, and forge your own path to riches.
As you might guess, the economy in TESO is a bit different to that of the vanilla version of Skyrim. Farming and fishing are much more expensive than their vanilla counterparts, and a couple of hours of game time can equal one hour of real-life time. This isn’t to say that you won’t be able to make a living from the land in TESO, but it’ll be a lot harder than in vanilla Skyrim.
The Rates Are What They Are
One of the first things you’ll learn about in TESO is that the economy is built upon a FACTORING system. What this means is that money doesn’t just exist in neat little numbers; it has a tangible physical form called “Factors.” When you purchase a fish, it doesn’t just give you fishing gear; it also gives you a factor, which can be used to buy more fish, or to buy an item in the auction house.
Farming equipment and fishing gear are both built upon a common factor system, which means they have the same value and can be used interchangeably. Factors for weapons and armor are much more expensive and scarce than factors for food and clothing, which is why almost all weaponry and armor has a higher selling price than other items in TESO. Even the smallest and most insignificant businesses in the game have to make money somehow, and the best way to do that is through the auction house.
Auctions Aren’t Always the Best Way To Go
While it’s great to be able to purchase food, fuel, and medkits through the auction house, these are all finite resources. Once you reach a certain point in the game, the only way to make more money is to use real-life funds to enter the market and buy things at high prices. While this might be convenient for the player, it doesn’t benefit the economy in any way. Ideally, the economy in a game like TESO should be self-sufficient, especially since Bethesda doesn’t want you to feel like you’re constantly struggling for money.
Make Every Dollar Count
There are a lot of little things you can do in TESO to make every dollar go as far as possible. The first thing you should do is learn to be frugal. When you’re playing a game, it’s easy to spend money on things you might not need. One way to combat this is by setting up a separate bank account for the game. When you reach a certain level of fame in the game, you’ll be able to purchase a mansion that will serve as your headquarters. While this might seem like an expensive purchase, it’s worth it in the long run if you can save up enough money to fund your headquarters. When you reach the right level of fame, you’ll be able to buy all the food you need for the next month without having to go to the market. This helps you avoid wasting money on unnecessary items and ensures you always have enough for the important things in life.
Include Everyone In Your Plans
The best way to ensure you have enough resources to enjoy life in the big city is to include everyone you can in your plans. The first step is to decide how much money you’re willing to spend on entertainment. A lot of people spend a lot of money on expensive games and consoles, especially since they’re popular now. If you include these in your budget, you’ll have a bit more money to spend elsewhere. The next step is to decide how much money you need for daily living costs and how much money you want to spend on entertainment. Once you have that figured out, it’s easy enough to make a budget and stick to it. You might have to adjust your entertainment spending if you’re really determined to save a certain amount of money, but it’s well worth it.
Find A Partner
One of the most important things you can do for your finances in TESO is to find a partner. In order to do this, you’ll need to create an account on an online marketplace called UO Market, which connects people who need resources with those who can provide them. The great thing about this is that it keeps track of how much you spend and how much you make, so you can keep a close eye on your finances. You can also ask other players for advice on how to manage your money the best way possible. There are a lot of benefits to having a partner, and it’s definitely worth the effort to find one.
Watch Your Spending
You can’t manage money well if you don’t know how much you spend. One of the first things you should do in TESO is to set up monthly bills and track your spending. This might be difficult at first, especially since you won’t be able to see exactly how much you spend without looking at your bills, but once you get into the habit of doing this, it’ll be easier to manage your money. One thing you might want to consider is setting up a budget for certain types of spending. For example, you might want to have a budget for games, consoles, and hardware, and another one for transportation and food. This way, you’ll know exactly how much you can spend on each one without going over. It’s also important to monitor your spending closely. As much as you might want to spend on a new bike, for example, it’s still not always a good idea to do so. If you consistently overspend on certain items, it might be a good idea to cut back on other areas of your spending so you don’t run out of money before your character reaches level 30.
Watch Your Profits
It’s also important to periodically check your profits. Most people in TESO don’t like to spend a lot of time thinking about their money, which is why they don’t monitor their profits too closely. It’s quite easy to let your profits become a loss if you don’t keep an eye on them. When you reach level 30 and are able to access your business page, it’s a great idea to have a look at your financial standing. This will tell you how much money you’ve actually made and whether or not you’re on track to earn a profit.
Manage Your Time
There’s never enough time in the day. One of the best things you can do for your finances in TESO is to manage your time wisely. It’s quite easy to spend a lot of time doing things you don’t care about just to earn enough money to meet your daily spending needs. Most people in TESO don’t have the frugal mindset that helps them be efficient, which is why they constantly find themselves in a rush and unable to enjoy their time. In order to be able to manage your time effectively, you have to find a way to avoid unnecessary activities and ensure you do everything you need to do. When you have a lot of free time, it’s quite easy for your finances to take a nosedive. Even if you don’t have any free time, it’s still not a good idea to let your finances get out of control because it’ll eat up all your available time. Try to relax and enjoy your life as much as possible.
Don’t Waste Money On Things You Don’t Need
When we’re told time and time again that money can’t buy happiness, this might seem like a tall order, but it’s absolutely true. A lot of people in TESO believe money can buy them happiness, which is why they spend it on things they think they need. One of the things you’ll learn quickly in TESO is that money doesn’t grow on trees and that not everything is a necessity. A lot of people waste a lot of money in the game buying things they think they need, like furniture and appliances that are only designed to be functional. A great way to avoid this is by learning to ask yourself questions. When you’re shopping for items, ask yourself if you need it. Is it something you absolutely require or want for yourself? Can you live without it for a short amount of time? Can you do without it in order to save money for other things? If you can’t answer yes to any of these questions, then it’s probably not a good idea to purchase it.