What is AWS Budgets?
AWS Budgets is a cost management service that enables custom budgets for AWS spending and resource usage. The service sends automatic alerts via email or SNS when actual or forecasted costs exceed defined thresholds.
Key Features
- Custom budgets for costs, usage, and reservations
- Automatic alerts when thresholds are exceeded
- Budget Actions for automated cost controls
- Forecasting for projected spending
- Integration with AWS Organizations for multi-account budgets
Common Use Cases
Department-based Cost Limits: Assign each department or project a budget and receive automatic alerts at 80% utilization. Budget Actions can automatically limit resources when exceeded.
Savings Plans Monitoring: Monitor coverage and utilization of your Savings Plans. AWS Budgets alerts when actual usage falls below purchased commitments.
Multi-Account Governance: Create consolidated budgets across all accounts with AWS Organizations and enforce company-wide cost limits.
Benefits
- Proactive cost control instead of reactive billing surprises
- Automated actions when budgets are exceeded
- Simple integration into existing alerting workflows
- Granular filters by service, region, tags, or linked accounts
Integration with innFactory
As an AWS Reseller, innFactory supports you with AWS Budgets: We help design your budget strategy, implement automated cost governance, and sustainably optimize your AWS spending.
Typical Use Cases
Frequently Asked Questions
What does AWS Budgets cost?
The first two budgets per account are free. Each additional budget costs $0.02 per day (approximately $0.62 per month). Budget Actions and advanced features like Cost Anomaly Detection have separate pricing.
What budget types does AWS Budgets support?
AWS Budgets supports four budget types: Cost Budgets for spending limits, Usage Budgets for resource consumption, Savings Plans Budgets for Savings Plans coverage, and RI Utilization Budgets for Reserved Instance utilization.
Can AWS Budgets automatically execute actions?
Yes, with Budget Actions you can define automatic responses: apply IAM policies, activate Service Control Policies, or stop EC2/RDS instances when budgets are exceeded.
How current is the budget data?
AWS Budgets updates cost data up to three times daily. For real-time cost monitoring, combine Budgets with AWS Cost Explorer or CloudWatch Billing Alarms.