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So, with above example, if you go for a 5MB space, it's enough for you in given circumstances.
But, if you go for a 2GB space and use only 5MB of it, you are actually paying $5.99 for using 5MB space. A loss of $4.99 every month—$59.88 every year!
You got it now, right?
You may ask, 'What about Traffic? 50GB!! It's huge man!'
Yes, it's huge. But, do you need it?
With above example, if one person visits all pages, your site generates 1.25MB traffic. If you get say 100 such visitors every day, you generate only 3750MB or 3.5GB (approx) traffic for entire month!
So, here again you pay more for unused traffic.
Check from your control panel, how much space and traffic you are you consuming currently. Are you paying for unused space / traffic? If yes, then browse web for reliable hosts and find out a plan which fits with your requiremnts. Compare prices and features. Check reliability of host and go for one you find best.
And, Save Money!
Subhendu Sen is the owner and webmaster of http://www.IndHosts.Net/hosting.html — a low-cost web hosting service provider and in the business of web hosting since 1998.