Your changes could not be saved because this SharePoint Web site has exceeded the storage quota limit.

Error:

"Your changes could not be saved because this SharePoint Web site has exceeded the storage quota limit. You must save your work to another location.  Contact your administrator to change the quota limits for the Web site"

Monday morning....the teams started getting error saying " Your changes could not be saved because this SharePoint Web site has exceeded the storage quota limit.

You must save your work to another location.  Contact your administrator to change the quota limits for the Web site.  " and received calls and emails from different teams saying there are some issues with SharePoint and need help, emergency, 911..... what not...

Had a look and found that this error is happening because of the storage quota limit which is set in SharePoint Central Admin.

SharePoint sets appropriate quota size for the site template and for the site collection. As part of the architecture usually disk and space assessment will be done and appropriate quota will be decided , SharePoint will be set to a default limit if you have not pre-configured it.

So need to review the quota size limit, and then need to do appropriate actions, follow the below steps:

Actions needs to be taken

1 )  Open Central Admin > Application Management > Under "Site Collections " > Specify quota templates

2) In the Storage Limit Value > Set appropriate Data Limit you want > In my case I have increased this to 5 GB so > 5048 MB > OK

That's it..for now you can be relieved.