Amazon Web Services is quickly becoming as dominant as the online retail platform of its parent company, and has recently launched AWS Budgets. The massive data centers operated by Amazon make it possible for anyone to launch just about any kind of cloud computing project with just an internet-connected client. Virtualization is the key with AWS, and the sheer elasticity of the network means that you can run anything from a website to a virtual desktop, and from a server to a cluster.
However, Amazon AWS charges for every feature you select for your projects: hardware platform, operating system, redundancy, security, bandwidth, service, availability, and more. It is easy to overlook how much you will end up paying for your project if you only glance at the dashboard as you run through the various tutorial guides. This is where a budget comes in very handy.
If you do not create a budget for your AWS project, you will likely be surprised by an email alert telling you how much your credit or debit card is about to be charged after only a few weeks. While you can use budgeting software to control your AWS spending, you will find it a challenging to properly account for all the variables that each project may entail. Your best bet in this regard is to use AWS Budgets, the best cost management solution created exclusively for your AWS usage.
With AWS Budgets, you can track spending, customize your budget and receive alerts through the Amazon Simple Notification Service (SNS), which you can set through email, text messaging or mobile push notifications. The reason this is your best option is because the AWS Budgets API correctly accounts for all the pricing variables, which are numerous, complex, and prone to cause mistakes if you put them into spreadsheets or budgeting apps.
Your first couple of AWS Budgets are free; each subsequent iteration will cost you pennies per day, but unless you have thousands of projects with unique budgets, you will only pay a few dollars per month.