Create Budget

Overview

In this section, you will learn how to create AWS Budget using AWS’s pre-built templates. AWS Budget is an important tool that helps you monitor and control AWS costs effectively.

Create Budget using template

1. Access AWS Management Console:
   • Open AWS Management Console
   • Find and select AWS Billing and Cost Management service

2. In the AWS Billing and Cost Management interface:
   • Select Budgets from the left menu
   • Click Create a budget

3. Set up Budget configuration:
   • Select Use a template (simplified) to use the available template
   • In the Templates section, select Monthly cost budget

4. Enter detailed information for Budget:
   • Set a name for the Budget
   • Define the monthly budget amount
   • Set alert thresholds
   • Click Create budget to complete

5. Confirm Budget has been created successfully:

6. View Budget history:

7. Check available alert types in the template:

Benefits of Using AWS Budget Templates

ℹ️ Information: AWS Budget Templates help simplify the budget creation process by providing predefined configurations for common use cases.

💡 Pro Tip: Using Monthly cost budget is a good choice to start with, but consider creating additional service-specific budgets as your system grows.

🔒 Security Note: Ensure proper access permissions are set for AWS Budget so only authorized personnel can edit or delete created budgets.

⚠️ Warning: Budget alerts do not automatically stop resources or prevent service usage when exceeding budget. Consider combining with AWS Service Quotas or IAM policies to control resource usage.