Aussies to pay more for Spotify from September

The cost of keeping your Spotify subscription is set to rise.

From September onwards, Australian subscribers on a Spotify Premium individual plan will pay a higher $12.99 per month rather than the previous price of $11.99 per month.

They're not the only ones being hit with a price hike. Those on a Spotify Premium student plan will see a similar bump from $5.99 per month to $6.99 per month. Meanwhile, couples and friends who benefit from the savings of a Spotify Premium duo plan will be paying $17.99 per month instead of $15.99 per month.

Aussies on the Spotify Premium Family plan are looking at the biggest increase of all, with the cost of this plan going from $17.99  per month to $20.99 per month.

Existing Spotify Premium subscribers are set to be notified about the price hike via email, with a one-month grace period in place before the higher rate kicks in. Those who are currently on a free trial for the popular music streaming service will get one month at the old price before being moved onto the new one.

According to the Spotify, the reason for the rising price of Spotify isn't inflation but innovation.

That said, Spotify is only the latest in a string of streaming services looking to increase their revenues by raising prices. Disney, Stan Sport, Kayo Sports and Amazon Prime all raised their prices in the last year.

If these increases have you irked, one way to save money might be to take a look at Optus' SubHub subscription management platform. This bill-management portal is available to postpaid and Optus internet customers and offers a scaling discount of up to 10 per cent, depending on the number of subscriptions you bundle together. Spotify Premium isn't an option, but plenty of other subscription services are.

You can set yourself up to save using Optus SubHub once you're signed up for any of the Optus mobile plans featured in the widget below.