You can save a considerable amount of money by prolonging your plan's billing cycle. Instead of monthly, you can pay:
Annually (once a year)
Bi-annually (once every two years)
Quadrennially (once every four years)
To extend your plan's billing cycle, go to the Subscriptions page in your dashboard, and click Extend next to the subscription in question:
Then, choose the preferred billing period and complete the payment. For example, if you decide to change your plan's billing cycle from monthly to bi-annually today, the next renewal date would be in two years.
NOTES:
Domain names are registered for one year and can only be renewed annually; learn more: Domain renewal