Systems and methods for storing videos in a storage device, more specifically in a digital video recorder (DVR). The method includes determining, for each video, a condition indicating a need to reduce the size of a respective video is determined. The condition being at least a storage period of the respective video being greater than a threshold time period. Upon determination reducing the video size either by reducing at least one quality parameter of the respective video or by eliminating at least one video segment of the video corresponding to an uneventful region. Further after the size reduction, storing the respective video as a modified version of the respective video in the storage device. Further, the video or a portion of video comprising important events can be shared with a remote device.