How do I fix this error?

[MichaelWeston]

I recently started seeing this red message but not sure what it means or how to fix it?

Thanks

 

[fenderman]

I recently started seeing this red message but not sure what it means or how to fix it?

Thanks

You have overallocated storage. Click on the 3 verticals bars on top left then clip storage. This will show you where you over allocated. Then in clips and archiving reduce your storage allocation.

 

[MichaelWeston]

Thanks!