An update of the previous deal, except due to Premium Family increasing to $27.99 per month, the saving is now $7 a month / or $84 a year! (while Basic Family appears to remain at $20.99)
Taken from previous deal:
As a Spotify Premium Family $23.99/month subscriber, I was looking at the available plans and discovered Basic Family which is exactly the same, without the 15 hours per month Audio Books access, which I never use anyway and is $3 cheaper at $20.99 a month. I promptly made the switch and the change will occur on my next billing cycle.
So I thought I'd share this to other subscribers who may not use Audio Books and want to save $36 a year!
Please note: To be able to subscribe Basic plan on Australia market, you need to have been on active premium before May 9, 2024.
How to switch between Spotify Plans:
- Log in: Go to the Spotify website and log in to your account.
- Access Account Settings: Navigate to your account page.
- Manage your plan: Look for the "Manage your plan" or "Subscription" section, and click on "Change plan".
- Select your new plan: Browse the available options and choose the plan you want to switch to. This could be a different premium plan (like Duo or Family), or a downgrade to the Basic plan.
- Confirm and finalize: Follow the on-screen prompts to confirm your selection. Spotify will guide you through the process, which may include confirming your payment details or verifying your eligibility for certain plans.*
Basic plans are billed monthly.
Basic is available for previously existing Premium subscribers. Eligible subscribers will see Basic as an available plan on their account page.
If you cancel your Basic plan, it’s not possible to resubscribe to it.
Basic plans won’t include monthly audiobook listening time, but audiobooks are available to subscribers as one-time purchases.)
Notes
If you don’t see Basic as an available plan in your account, you’re currently not eligible.
Basic plans aren’t available for Premium Student and Duo/Family plan members.
When Premium Family/Duo managers switch to the Basic subscription, their existing plan members automatically carry over to the Basic plan.
Other Premium features relating to non music content may not be available on Basic plans.


Thanks so much for that advice! Never once used the audiobooks so I've definitely saved a bit of money. :)