2. In Account Overview, scroll down to Your plan and hit Change plan. This won't delete your Spotify account but will cancel your paid subscription and knock you down to the free tier, which still allows music streaming with advertisements. You'll also keep all of your playlists and saved music.

Spotify announced this week that it will increase prices for its Premium Individual plan in several regions. Pricing will go up from €10.99 to €11.99 per month in regions like Europe, Latin America, Africa, and the Asia-Pacific regions. The company will begin sending out emails to inform users ahead of its planned September changes.

Spotify Premium subscribers in some regions are about to feel the pinch, Reuters reported. The music streaming giant announced Monday that it will hike prices for individual plan subscribers by 9 percent starting in September.