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Labs Goodybag Breakeven point is 62mins of calls.

Started by: jousiew
On: 20/09/2010 | 21:49
Replies: 11
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by: jousiew
on: 20/09/2010 | 21:49

Hi,

 

Please check my maths.

 

I hope this helps people make their goodybag decisions Smiley Happy

Message 1 of 12
by: andreww
on: 20/09/2010 | 21:56 edited: 20/09/2010 | 22:00

Not sure that is right.

 

payg would be 62 x 0.08 = £4.96 but a lab would be £5 + 62 x 0.02 = £6.24

 

Plus See timst's excellent calculating tool: http://community.giffgaff.com/t5/Learn-giffgaff-Top-Tips/Do-you-need-help-choosing-a-goody-bag/td-p/...

Probably having a beer in the sunshine somewhere.
Message 2 of 12
by: timst
on: 20/09/2010 | 21:59

I agree if you also text 44 times.

 

See: http://community.giffgaff.com/t5/Learn-giffgaff-Top-Tips/Do-you-need-help-choosing-a-goody-bag/td-p/...

 

Oh thanks andreww

Need a sim order one here and get £5 free credit
j.mp/freeggsim
or j.mp/freemicrosim

Message 3 of 12
by: andreww
on: 20/09/2010 | 22:01 edited: 20/09/2010 | 22:03

No, thank YOU, timst - excellent tool which deserves a kudos  Smiley Very Happy

Probably having a beer in the sunshine somewhere.
Message 4 of 12
by: jacstreak
on: 20/09/2010 | 22:01

 


@jousiew wrote:

Hi,

 

Please check my maths.

 

I hope this helps people make their goodybag decisions Smiley Happy


 

Your maths is good.

if you call LESS than 62 minutes and send less than 30+ texts, then it's cheaper without labs.

 

But who calls less than that?

Message 5 of 12
by: jonmd
on: 20/09/2010 | 23:59

Me too Smiley Happy

If you find the information above useful, please click the star to the left to give me kudos
Message 7 of 12
by: cookies91
on: 21/09/2010 | 00:57
yeah, but you have to remember a month is along time to only make 62mins of calls and only 44texts...

so if you go over that limit, it would just be cheaper to buy yourself a £10 goodybag, don't you agree? -- I have to admit that I'm furtunately lucky that the sole person I call and text is also on giffgaff, saving my a futune =)
Message 8 of 12
by: khairul
on: 21/10/2010 | 16:31
I don't understand Smiley Sad
Click here to order a giffgaff standard/Micro/Nano SIM and get £5 EXTRA CREDIT free with your first top-up! UK first class & international delivery available
Message 9 of 12
by: smaugsbane
on: 21/10/2010 | 22:27

The breakeven point for a labs goodybag is the point at which it becomes cheaper to use the labs goodybag than it does to use pure PAYG credit.

 

That happens when

    £5 + mins x 2p   <=   mins x 8p

 

(It gets complicated if you add texts as well).

 

That works out at 84 minutes.  

  £5 + 84 x 2p  is  £5 + 168p  which is  £6.68.   84 x 8p  is  672p  which is £6.72.

  £5 + 83 x 2p  is  £5 + 166p  which is  £6.66.   83 x 8p  is  664p  which is £6.64.

 

So the true breakeven point is somewhere between 83 and 84 minutes; once you reach 84 minutes you're spending less money than on pure PAYG and will continue to do so however many minutes of calls you make!

Message 10 of 12