Originally Posted by StSebastian
Figure out what works for you, and go with that. I'm sticking with around 1 cent each for an airline mile, but even that's flexible depending if I might need an unrestricted ticket for changes, or something else I can't get from the purchased ticket. I know people always want to get the best value (and I do that a lot), but I also want to make sure I can do what I want, when I want even if that isn't the theoretical optimal use. Be happy.
Be happy. That is an excellent point. If you have the miles and are able, go with it. Of course, I know my travel plans now and in the future, know my mileage balances, know my level of tolerance for a ticket price, read FlyerTalk and can make the well-educated choices. I guess it was a little like when I was thinking about buying a new computer. Old one, buggy, slow, none of the latest features I wanted. As the advertisement says, just do it. Is it more important to "work the system" or sit around waiting for a better offer, you will never do anything.
Originally Posted by mshaikun
The question is what will an upgradeable ticket cost. If it was say $1,400 you would be saving $2,400 for 40000 miles. That is about 6 cents per mile and you would also be earning say 8,000 miles. Valued at 1.6 cents that is worth $128. If they will be used for international travel they are worth 2 to 6 cents. You can add these values to your savings/point value calculations.
Also an excellent point! I always tend to overlook the upgrade with miles option because some of the routes I travel only had ticket-for-miles options rather than buy a ticket and upgrade options. But, mshaikun, that is good advice. Generally inexpensive ticket, upgraded to business or first and still earn miles. In addition, your calculations are also helpful!
This is why I love Flyertalk! ^ ^