💰 01. AWS Budgets

AWS Budgets helps you plan, track, and control your AWS spending.
You can monitor:

• 💵 Cost — track spending
• ⚡ Usage — track resource usage
• 🧾 Savings Plans / RI coverage — track discounts and commitments

Alerts can be sent via email or SNS when thresholds are crossed.

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⚙️ How to Create a Budget

1. Open Billing Console → Budgets

2. Choose Budget Type: Cost, Usage, Savings Plans, or Reservation

3. Set Budget Details: Name, Period, Start/End Date, Budget Type

4. Define Budget Limit: Amount, apply to actual or forecasted, optional service filter

5. Configure Alerts: Threshold %, Email/SNS recipients

6. Review & Create

AWS will start tracking and sending alerts based on your configuration.

📊 Managing Budgets

• Track Actual Cost, Forecasted Spend, and Alerts Triggered from the Budgets Dashboard.
• Free Tier nearing limit → create a Usage Budget
• Cap total spend → create a Cost Budget
• Track specific services (e.g., EC2) → add Service Filter

🧩 AWS Budgets vs Cost Explorer

Feature	AWS Budgets	Cost Explorer
Alerts	✅ Yes	❌ No
Forecasting	Basic alerts	Visual & detailed
Purpose	Cost control	Historical analysis

✅ Summary

• AWS Budgets = cost tracking + alerts
• Supports Cost, Usage, Savings Plans, Reservation
• Helps stay within Free Tier and avoid unexpected charges