# Cloud Savings Plans

The Cloud Savings Plans offer optimized rates on resources for a specific usage amount over one or three years. This pricing model delivers significant cost reductions compared to the standard [<mark style="color:blue;">Pay-As-You-Go (PAYG)</mark>](https://docs.ionos.com/cloud/support/general-information/glossary-of-terms#pay-as-you-go-payg) pricing. It provides guaranteed optimized prices for a set usage and term, making them ideal for predictable and steady workloads.

The [<mark style="color:blue;">Cloud Savings Plans lifecycle</mark>](https://docs.ionos.com/sections-test/guides/set-up-ionos-cloud/management/usage/overview#cloud-savings-plans-lifecycle) guides you through the complete end-to-end workflow, from creation and validation to renewal. Specific [<mark style="color:blue;">use cases</mark>](https://docs.ionos.com/sections-test/guides/set-up-ionos-cloud/management/usage/cloud-savings-plans/use-cases) explain how the plans apply to your consumption, and the [<mark style="color:blue;">invoice</mark>](https://docs.ionos.com/sections-test/guides/set-up-ionos-cloud/management/usage/cloud-savings-plans-faq#invoice) provides information about transparent billing based on resource consumption.

{% hint style="info" %}
**Prerequisite:** You must be a contract owner to create and manage the Savings Plans in your contract.
{% endhint %}

## Product Overview

<table data-view="cards"><thead><tr><th></th><th></th><th data-hidden data-card-target data-type="content-ref"></th></tr></thead><tbody><tr><td><mark style="color:blue;"><strong>Cloud Savings Plans</strong></mark></td><td>Learn about the Cloud Savings Plans and its usage.</td><td><a href="cloud-savings-plans/overview">overview</a></td></tr></tbody></table>

## Quick Links

<table data-view="cards"><thead><tr><th></th><th></th><th data-hidden data-card-target data-type="content-ref"></th></tr></thead><tbody><tr><td><mark style="color:blue;"><strong>Use Cases</strong></mark></td><td>Learn how Cloud Savings Plans apply to various billing scenarios and workloads.</td><td><a href="cloud-savings-plans/use-cases">use-cases</a></td></tr><tr><td><mark style="color:blue;"><strong>How-Tos</strong></mark></td><td>Learn how to use the DCD to create and view the list of your Cloud Savings Plans.</td><td><a href="cloud-savings-plans/how-tos">how-tos</a></td></tr></tbody></table>

## Frequently Asked Questions (FAQ)

<table data-view="cards"><thead><tr><th></th><th></th><th data-hidden data-card-target data-type="content-ref"></th></tr></thead><tbody><tr><td><mark style="color:blue;"><strong>FAQ</strong></mark></td><td>Get answers to the most commonly encountered questions about the Cloud Savings Plans.</td><td><a href="cloud-savings-plans/cloud-savings-plans-faq">cloud-savings-plans-faq</a></td></tr></tbody></table>