Setting Up a Budget Alarm in AWS 💡

To help you manage and control your AWS costs, it's a good idea to set up a budget alarm. This way, you'll receive notifications if your AWS charges exceed a specified amount, such as $50 USD.

Step-by-Step Guide to Creating a Budget Alarm

Follow these steps to set up a budget and receive alerts when your monthly costs exceed $50:

1. Login to the root account

• If you are logged into your User account, log out, then log in to your root account.

2. Navigate to AWS Budgets

• In the search bar at the top, type "Budgets" and select it from the dropdown.

3. Create a New Budget

• Click on the Create budget button.

4. Choose Budget setup

• Select Use a template (simplified).

5. Choose Templates

• Select Monthly cost budget.

6. Add Details

• Define Budget name
• Enter your budgeted amount. i.e. $50
• Enter email recipients
• Click on "Create budget"

Managing Your Budget

• Monitor Spending: Regularly check your dashboard to monitor your spending against your budget.
• Adjust as Needed: If you anticipate higher usage, you can adjust your budget amount or alert thresholds.
• Explore Cost Insights: Use AWS Cost Explorer (opens in a new tab) for detailed cost analysis.

By setting up a budget alarm, you'll receive timely notifications if your AWS spending exceeds your budget i.e. $50, helping you manage your costs effectively and avoid unexpected charges.