AWS Billing and managing Budgets.

AWS Billing

When clients are charged for using Amazon Web Services (AWS) resources and services, this process is referred to as AWS billing. You pay for the resources you use when using AWS, including compute instances, storage, data transport, database usage, and other services.

Free Tier

For a limited time, AWS offers new users a Free Tier that gives them limited access to some of its services. This enables you to use AWS services for free tier-restricted exploration and experimentation. The Free Tier provides access to a number of well-known AWS services from a variety of areas, including computation, storage, databases, machine learning, networking, and more. Amazon EC2, Amazon S3, Amazon RDS, AWS Lambda, Amazon DynamoDB, and Amazon CloudFront are a few services that fall within the Free Tier. As an illustration, Amazon EC2 offers a set number of hours per month of free usage based on instance types, although there can be restrictions on particular instance sizes or geographies.

Track your Billing in AWS

• Open the AWS Management Console and Log in: Enter your AWS account credentials at https://console.aws.amazon.com to access the AWS Management Console.

• Open the Billing Dashboard : Once you are logged in, navigate to the AWS Billing and Cost Management Dashboard.

• You can access the Billing Dashboard, where you can see a summary of your most recent billing data under Bills section and get aware about the charges by service in AWS.

AWS Budgets

• Access the Budgets page: From the Billing Dashboard, click on the "Budgets" link in the left navigation pane. This will take you to the Budgets page.

• Create a new budget: On the Budgets page, click on the "Create budget" button to start creating a new budget.

• Select Budget type: Choose the budget type as "Use as Template" since you want to track your spending.

• Choose Zero Spend Budget to keep track of your budgets exceeds free tier usage.

• Enter the Budget Name as you would like to prefer.

• Enter the recipient E-mail address to keep track of exceeding budget and notify user via mail.

• Now click on Create Budget button.

Creating Monthly Budget

• Follow the same steps but now choose Monthly Cost Budget

• Enter the Budget Name as you would like to prefer. Enter the recipient E-mail address to keep track of exceeding budget and notify user via mail as shown above.

• You will be notified when your actual spend exceeds above 85% set as default.

• Now click on Create Budget button.

Viewing Billing Dashboard

• Review and create the budget: Review all the budget details you have configured and click on the "Create" button to create the new one if you wish to. As you can there are overview of two budgets shown here created by us with threshold with current and forecasted budget.

We learnt about AWS Billing and managing Budgets. Follow this tutorial to create your own budgets and keep track of them.