So, decided to purchase a new laptop with way more horsepower than my current one, so I can get a much better use out of Unreal Engine 5, which I have to put on the lowest settings possible to even be usable on my current laptop for game development.
It cost a little over 1800 euros, but it's definitely a power house compared to the laptop I'm using now, so I see the transaction as worth it. Can't wait for it to arrive, especially given that its specs also lend well to gaming in general. Games that would previously cause this laptop to lag like crazy will now be running as smooth as butter. And all I gotta do, is wait a week for it to arrive.