Do you really need 500 GB of space and a terabyte of bandwidth? What about that quad-core server you’ve been renting for the last twelve months? While web hosting needs often increase over time, they can decrease as well, often without you realizing it.
If you have a high-end web hosting plan or a large server, it might be worthwhile to double check and see if you are really using what you’re paying for. You might discover that while you needed a dual-core server a few months ago due to a high traffic event, things are back to normal and single core machine will suffice. Or maybe you overestimated your needs when you bought that $29.99 web hosting plan.
Either way, it’s a smart idea to double-check your hosting usage. You could save hundreds of dollars.