Using budgets

You can use AWS Budgets to set budgets for your Savings Plan utilization, coverage, and costs. You can track your costs as you continue to optimize through AWS.

For more information, see Managing Your Costs with AWS Budgets in the AWS Cost Management User Guide.

Creating a Savings Plans budget

Use the following procedure to create a coverage budget for your Savings Plans using a template.

To create a Savings Plans coverage budget using a template

1. Sign in to the AWS Management Console and open the AWS Cost Management console at https://console.aws.amazon.com/cost-management/home.

2. In the navigation pane, choose Budgets.

3. At the top of the page, choose Create budget.

4. Under Budget setup, choose Use a template (simplified).

5. Under Templates, choose Daily Savings Plans coverage budget.

6. For Budget name, enter the name of your budget. Your budget name must be unique within your account and can use A-Z, a-z, spaces, and the following characters:

   _.:/=+-%@

7. For Coverage threshold, enter the coverage percentage that you want AWS to notify you at. For example, for a coverage budget where you want to stay above 80 percent, enter 80. Budget notifies you when your overall coverage goes below 80 percent.

8. For Email recipients, enter the email addresses that you want the notifications to be sent to. Separate multiple email addresses with a comma. A notification can have up to 10 email addresses.

9. Choose Create budget.

Use the following procedure to create a customized budget for Savings Plans utilization or Savings Plans coverage.

To create a Savings Plans budget

1. Sign in to the AWS Management Console and open the AWS Cost Management console at https://console.aws.amazon.com/cost-management/home.

2. In the navigation pane, choose Budgets.

3. At the top of the page, choose Create budget.

4. Under Budget setup, choose Customize (advanced).

5. Under Budget types, choose Savings Plans budget.

6. Choose Next.

7. For Budget name, enter the name of your budget. Your budget name must be unique within your account and can use A-Z, a-z, spaces, and the following characters:

   _.:/=+-%@

8. For Period, choose how often you want the budget to reset the actual and forecasted spend. Choose Daily for every day, Monthly for every month, Quarterly for every three months, or Annually for every year. All budget times are in UTC.

9. For Monitor my spend against, choose what you want the budget to track.

   Utilization of Savings Plans is how much of your Savings Plans you've used.

   Coverage of Savings Plans is how much of your usage a Savings Plan covers.

10. For Utilization threshold, enter the utilization percentage that you want AWS to notify you at. For example, for a utilization budget where you want to stay above 90 percent Savings Plans utilization, enter 90, and the budget notifies you when your overall Savings Plans utilization goes below 90 percent.

11. For Coverage threshold, enter the coverage percentage that you want AWS to notify you at. For example, for a coverage budget where you want to stay above 80 percent, enter 80. Budget notifies you when your overall coverage goes below 80 percent.

12. Under Budget scope, add filtering and use advanced options to narrow the set of cost information tracked as part of your budget.

13. Choose Next.

14. Under Alert settings, choose whether to send budget alerts via email and/or Amazon SNS topic.

15. For Email recipients, enter the email addresses that you want the notifications to be sent to. Separate multiple email addresses with a comma. A notification can have up to 10 email addresses.

16. (Optional) For Amazon SNS ARN, enter the Amazon Resource Name (ARN) for your Amazon SNS topic.

    If you want to use an Amazon SNS topic for your notification but don't have one, see Create a Topic in the Amazon Simple Notification Service Developer Guide.

    AWS verifies that your budget has permission to send notifications to your Amazon SNS topic by sending a test email to your Amazon SNS topic.

    For a sample policy and instructions on granting your budget permissions, see Creating an Amazon SNS Topic for Budget Notifications. A notification can be subscribed to only one Amazon SNS topic.

17. Choose Next.

18. Choose Create budget.