Might and magic VI

I haven't yet gotten Lloyds beacon…might explain it! What magic guild is it?

Water magic, along with Town Portal.

Water Magic. Town Portal and Lloyd's Beacon (instant transportation) are both Water Magic. Master level of Water Magic allows you total freedom of being able to travel the entire world map with minimal use of of stables and docks to travel (except for hard to reach areas).

Hard to reach areas I guess I could expand on and say places you generally have to wait for a certain day to travel to via docks (some places can only be reached via boat, and only from certain docks close enough to reach that area). One or two areas can only be traveled to by walking if my memory serves me correct, which takes about 5 days time and 5 units of food for travel. So for those areas, it's useful to set a Beacon with Lloyd's Beacon (when possible) to make going back to those areas easier, or areas with castles that you can't Town Portal to whenever you want. Depends on quests you want to do, areas you want to finish, etc.

How much do these spells cost? I'm still trying to save up for flight….!

Prioritize town portal and lloyd's beacon over flight.

Flight is really useful, but not until you get to certain areas where using it will allow you hit & run tactics outdoors against strong enemies that are tough to take down.

Understood. Also read about blasters…

Do blasters make magic obsolete? How easy is it to get them?

obligatory SSeth

It'll be forever before blasters become relevant, and by the time you reach them you'll have plenty of points to pour over into the relevant skills. Don't stockpile any points just to wait for those, you'll want all the skill points you can going into skills you'll be using a lot of the time, instead of just the very end portions of the game.