AWS Budgets
Explore how to create flexible budgets using AWS Budgets to plan and control cloud expenses. Understand budget types, set alerts to avoid overspending, and leverage reports for cost optimization. This lesson helps you gain practical knowledge to manage AWS costs effectively.
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In today’s ever-changing financial landscape, the importance of budgeting cannot be overstated, whether for an organization or individual. Setting up budgets is crucial to plan and control our costs. Similarly, it's also necessary to set up budgets in our AWS accounts where it’s possible to incur higher than usual costs.
The AWS Budgets service that falls under the umbrella of the AWS Billing and Cost Management service can be used for the purpose of setting budgets for our AWS account or organizaton.
Introduction to AWS Budgets
AWS Budgets helps us better plan and control our costs for our AWS account by setting flexible budgets and forecasting future costs. With AWS Budgets, we can maintain control over the AWS costs and usage, ensuring that we stay within our financial plans and avoid unexpected charges.
We can create budgets according to a timeframe best suited to our organization, which can be weekly, monthly, or yearly.
Here are some key aspects of the AWS Budgets service:
Custom budgets: We can create custom budgets based on different metrics like costs and usage using AWS Budgets. We can tailor these budgets to our specific needs, like tracking costs for a particular service or resource that ...