Hello and happy Monday!
Below you will find Frugal John’s latest tip on how to make the most of your points and miles. This is the third tip in John’s five part series where he gives his advice on how to manage your loyalty programs. John is our in-house expert on the best ways to use your points and miles, so we thought we would share his expertise with our readers.
You can find John’s first two tips here (Tip #1) and here (Tip #2).
Frugal John’s Tip #3:
3. Aim for your goal but be open to change.
People like to be rewarded. We also like to procrastinate, putting off to tomorrow what could have been done today, because while we are painfully aware of how much effort is required to do something in the now, we are perpetually optimistic in how long and how hard it will be to do something in the future. This bias may be part of the reason so many of us join so many loyalty programs – the appeal of a free flight is instantaneous, while the future effort needed to earn all those frequent flyer miles is underestimated.
Aiming for the dream vacation is natural, but if your circumstances change, and you’re not earning points/miles as frequently as you had thought, be flexible and redeem for something within your grasp.