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normally i'd say a pet will bring you a lot more happiness than a video game but you already have a dog so maybe that doesn't apply in this case.  

here is a question; if you money is tight enough that $350 is an either one or the other (but not both) scenario can you afford to buy a dog?  I mean, even after the initial purchase dogs can be quite expensive with food/shots/licensing/vets/ect.