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Quick move to slash Spotify bill by £24 a year with ‘hidden’ plan offering cheaper prices
New subscription options could cut your costs by up to £2 a month
A QUICK move could cut your Spotify bill by £24 a year after the music streaming platform launched a “hidden” plan.
Spotify’s new Basic plans could reduce your subscription costs by £2 a month, starting at £11.99 for the Individual Basic option.
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Spotify Premium accounts are available at £11.99 for Individual Premium, £19.99 for Family Premium and £16.99 for Duo Premium.
The basic equivalents are £10.99 for Individual membership, £17.99 for family membership and £14.99 for duo membership.
Basic plan users will still be able to access ad-free music, downloads and podcasts.
The only thing basic members won't be able to access is the 15 hours of audiobooks a month available to premium members, so if you're not an audiobook worm it's defiantly worth making the switch.
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The simple switch could save those on Family or Duo plans £24 a year, while those on individual plans would save £12 a year.
Even if you do enjoy audiobooks it might be worth checking to see if you can access these for free through libraries via Libby and still make a saving.
If you do decide to change your plan, finding the new deals through your account can be tricky.
To do so you need to use a web browser, log into your account and go to your profile before clicking on account, subscription and available plans.
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Then select your chosen plan and click update subscription.
The plans are currently only available to existing subscribers and if you have a Duo or Family plan only the bill player will be able to make the change.
A spokesperson for Spotify said: “We’re always looking at ways to tailor our subscription offerings to suit the interests of different users."
Spotify users can also access cut price deals if they’re students.
Student plans are available at £5.99 a month, with no Basic equivalent available.
Money Saving Expert's Martin Lewis has previously revealed another way Spotify users can cut their bill.
For £99 music lovers can purchase a gift card that gives a year's access to a Premium account.
Gift cards can be bought online from Currys and redeemed instantly.
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Of course, you should always be careful when buying gift cards that they don't expire before you have redeemed them.
How to cut your subscription costs
Reena Sewraz, money expert at Which?, shared her top tips to ensure your subscription bills don't mount up uncontrollably.
Share your subscriptions: Sharing streaming subscriptions between a household is one of the easiest ways to save money, with many services offering family or duo deals.
Pay annually: It can seem daunting to pay for a whole year's subscription at once, but if you know you're going to stick with the service it can save you money in the long-term.
Rotate monthly subscriptions: If you have multiple subscriptions you could consider rotating them each month. Many services allow you to cancel subscriptions without a fee and to restart them easily at a later date.
Do your research and compare prices: If there are particular shows you're looking to binge check which streaming services offer them and compare prices. Many shows are offered on two or more services so you could be paying unnecessarily.
Downgrade your plan: Check you're not overpaying for what you're using - if you're shelling out for a premium family subscription but are the only one who uses the service you could save cash without even noticing. Similarly an ad-supported plan might save you cash.
Calculate if it's really worth the money: How often do you actually use your subscription? If it's only a few times a month, it might not be worth continuing.
Make the most of free trials: Streaming services often let you try before you commit, and will give you one or more months for free.
Cancel subscriptions you don't use: It's easy to lose track of ongoing subscriptions, especially if you're paying out of several different bank accounts. Checking what's going out could save you cash!
Do you have a money problem that needs sorting? Get in touch by emailing [email protected].
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