Optimize Your AWS Costs and Usage with Custom Limits using AWS Budgets

Which service can a Cloud Practitioner use to configure custom cost and usage limits and enable alerts for when defined thresholds are exceeded?

As a Cloud Practitioner, you can use the AWS Budgets service to configure custom cost and usage limits and enable alerts for defined thresholds

As a Cloud Practitioner, you can use the AWS Budgets service to configure custom cost and usage limits and enable alerts for defined thresholds. AWS Budgets enables you to set monthly, quarterly, or annual budgets for your AWS resources and set thresholds for desired cost, usage, or other metric levels.

To configure custom cost and usage limits with AWS Budgets, you can follow these steps:

1. Open the AWS Management Console and navigate to the AWS Budgets service.
2. Click on “Create budget” to start creating a new budget.
3. Select the budget type as “Cost budget” or “Usage budget” based on your requirement.
4. Choose the timeframe for your budget (monthly, quarterly, or annual).
5. Specify the budgeted amount or target usage for the selected timeframe.
6. Define the threshold alerts by selecting the percentage or amount to trigger the alert.
7. Choose the AWS accounts and services you want to include in the budget.
8. Set the notification preferences for the alerts, such as SNS topic or email addresses to receive notifications.
9. Review the budget details and click on “Create budget” to save it.

Once the budget is created, AWS Budgets regularly tracks your costs and usage against the defined limits and thresholds. If any threshold is exceeded, AWS Budgets will send you alert notifications based on your configured preferences.

These alerts can help you monitor your AWS spending, identify cost anomalies, and ensure that you stay within your planned budget. By configuring custom cost and usage limits with AWS Budgets, you can proactively manage your AWS resource usage and control costs effectively.

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