Office 2016 for Mac Now Available as One-Time $150 Purchase
Microsoft has announced that Office 2016 for Mac is now available as a one-time $149.99 purchase without an Office 365 subscription. Office Home & Student 2016 includes Word, Excel, PowerPoint and OneNote for home use on one Mac. Office 2016 for Mac requires OS X 10.10 or later.

The standalone version of Office 2016 for Mac features offline storage and 15GB of OneDrive cloud storage, but lacks Outlook, Publisher, Access, tablet and phone support, 60 minutes of Skype calling, instant updates and technical support included with the Office 365 version.
Office Home & Business 2016 for Mac is also available for $229.99 and includes Word, Excel, PowerPoint, OneNote and Outlook on one Mac. Comparatively, subscription-based Office 365 Personal and Office 365 Home cost $69.99 per year and $99.99 per year respectively.
Office Home & Business 2016 for Windows is also now available through Office 365 for between $69.99 and $99.99 per year, or as a one-time $229.99 purchase. Office Professional 2016 for Windows is also available with Publisher and Access for $399.99. Windows 7 or later is required.
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Top Rated Comments
Also, the tier that's '150' is missing a lot of functionality. You have to step up to $229 for the full package. Making even less sense, seeing as the next version will be out in a year's time.
There is merit to disliking subscription software, but 'know how to budget'/'more in the present, save in long term' is nonsense.