Using budgets - Savings Plans

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 Billing and Cost Management User Guide.

Creating a Savings Plans budget

Use this procedure to create a 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. For Select budget type, choose Savings Plans budget.

  5. Choose Set up your budget.

  6. For 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 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.

  8. For Savings Plans budget type, choose what you want the budget to track.

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

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

  9. 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.

  10. 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.

  11. (Optional) Under Budget parameters (optional), for Filtering, choose one or more of the available filters. Your choice of budget type determines the set of filters that is displayed on the console.

  12. Choose Configure alerts. You can configure one alert only for a Savings Plans budget.

  13. (Optional) For Email contacts, enter the email addresses that you want the notifications to be sent to, and choose Add email contact. Separate multiple email addresses with a comma. A notification can have up to 10 email addresses.

    To receive a notification, you must specify an email address. You can also specify an Amazon SNS topic.

  14. (Optional) For SNS topic ARN, enter the Amazon Resource Name (ARN) for your Amazon SNS topic, and then choose Verify.

    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. If the Amazon SNS topic ARN is valid but the Verify step fails, check the Amazon SNS topic policy to make sure that it allows your budget to publish to that 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.

  15. Choose Confirm budget.