AWS Budgets
AWS Budgets is a service that allows users to set custom cost and usage budgets for their AWS resources.
Description
AWS Budgets provides users with the ability to track their AWS spending and usage against predefined thresholds. It helps organizations manage their cloud expenditures by sending alerts when costs or usage exceed the budgeted amounts. Users can create budgets based on various parameters, such as service type, linked accounts, or tags. AWS Budgets also integrates with AWS Cost Explorer, enabling users to analyze their spending patterns over time. The service supports both cost budgets, where users can set a monetary limit, and usage budgets, where they can monitor the usage of specific resources like Amazon EC2 instances or Amazon S3 storage. This proactive management helps organizations avoid unexpected charges and optimize resource allocation. For example, a company might set a monthly budget of $5,000 for its AWS services and receive alerts when their spending approaches that limit, allowing them to make adjustments before overspending.
Examples
- A startup sets a budget of $1,000 for Amazon EC2 instances and receives alerts when they reach 80% of their budget.
- A medium-sized enterprise creates a usage budget for Amazon RDS, tracking the number of hours its instances are running monthly.
Additional Information
- AWS Budgets can be integrated with Amazon CloudWatch to automate actions when a budget threshold is reached.
- Users can view historical budget performance and trends to inform future budget planning.