Learn how AWS Budgets enables you to set custom budgets, track your AWS costs and usage, and quickly respond to alerts via email or SNS notifications when exceeding thresholds.
Table of Contents
Question
You want to set custom budgets to track your costs and usage and respond quickly to alerts that are received from email or SNS notifications if you exceed your threshold. Which service should you use?
A. AWS Costs and usage reports
B. AWS Budgets
C. AWS Cost Explorer
D. AWS Billing conductor
Answer
B. AWS Budgets
Explanation
The correct answer is AWS Budgets. With AWS Budgets, you can set custom budgets to track your costs and usage. You can also respond quickly to alerts received from email or SNS notifications if you exceed your threshold.
AWS Budgets is the service you should use to set custom budgets to track your costs and usage and respond quickly to alerts received via email or SNS notifications if you exceed your defined threshold.
AWS Budgets allows you to create custom budgets based on your specific requirements. You can set budgets for various dimensions such as service, linked account, tag, or other criteria. With AWS Budgets, you can define the amount you want to spend and the usage level you expect to achieve for a given period (e.g., monthly, quarterly, or annually).
Once you have set your budgets, AWS Budgets continuously monitors your costs and usage against the defined thresholds. If your actual costs or usage exceed the budgeted amount or reach a certain percentage of the budget, AWS Budgets can send you alerts via email or Amazon Simple Notification Service (SNS) notifications.
These alerts help you stay informed about your spending and take proactive measures to control your costs. You can configure the alerts to notify you at different levels, such as when you reach 50%, 80%, or 100% of your budgeted amount. This allows you to respond quickly and make necessary adjustments to avoid unexpected cost overruns.
AWS Budgets also provides detailed reports and visualizations of your costs and usage over time. You can view your budget performance, track your actual costs against the budgeted amount, and analyze trends and patterns in your spending.
The other options mentioned:
- AWS Cost and Usage Reports: Provides detailed information about your AWS costs and usage, but does not have built-in budgeting or alerting capabilities.
- AWS Cost Explorer: Helps you visualize, understand, and manage your AWS costs and usage over time, but does not provide budgeting or alerting features.
- AWS Billing Conductor: Allows you to customize billing data aggregation and reporting, but does not specifically offer budgeting or alerting functionality.
Therefore, AWS Budgets is the most suitable service for setting custom budgets, tracking costs and usage, and responding quickly to alerts when exceeding thresholds.
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