Picture this: You're booking a trip to Europe and see two options — 60,000 miles for a round-trip flight or $650 in cash. Which do you choose? Without crunching the numbers, it's just a guess.

That's where calculating the value of an award redemption saves the day. With simple math, you can determine whether you should book with cash or redeem your points and miles.

Related: I broke a points rule and still got a good award deal to Europe

A great solo travel tip spotted this week on The Points Guy Articles.

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