Plan. Goal.

Like money, points should be part of your financial plan.

Life should have so planning and goal setting, YES personal goals. Is there somewhere you want to go? Plan for it and do it with your points. Except for a special redemption now and again, points depreciate. They earn no "interest" and from time to time are rendered less valuable by changes in the programs. As airlines reduce their flights, the destinations that your points will take you deminish. The availability may or may not do the same.

Do the things you have high utility for as soon as you can, and it is "reasonable" for your means. Life is short, and for some much shorter that they plan.