Cloud Center of Excellence

AWS Cost Management Cheat Sheet

1. Establish a budget: Set a budget for your AWS Cloud resources, and monitor your spending regularly.

2. Tag your resources: Use resource tags to track your spending and identify areas where you can reduce costs

3. Use Reserved Instances: Use Reserved Instances to save money on long-term usage of EC2 instances, RDS databases, and other services.

4. Monitor usage: Monitor your usage of AWS Cloud resources and services to identify areas where you can reduce costs.

5. Choose the right instance type: Choose the right EC2 instance type to meet your needs while minimizing costs.

6. Use auto-scaling: Use auto-scaling to automatically adjust your resources to meet changing demand, and avoid over-provisioning.

7. Use Spot instances: Use Spot instances to save money on EC2 instances by taking advantage of unused capacity.

8. Use CloudFormation: Use CloudFormation to automate the creation and management of AWS Cloud resources.

9. Use AWS Trusted Advisor: Use AWS Trusted Advisor to identify cost-saving opportunities and optimize your AWS Cloud resources.

10. Use CloudWatch: Use CloudWatch to monitor your AWS Cloud resources and services and identify areas where you can reduce costs.

11. Use CloudTrail: Use CloudTrail to track activity and analyze usage of your AWS Cloud resources and services.

12. Use AWS Cost Explorer: Use AWS Cost Explorer to visualize and analyze your AWS Cloud spending data.

13. Use AWS Budgets: Use AWS Budgets to set cost and usage alerts, and track spending against your budget.

14. Use AWS Cost Anomaly Detection: Use AWS Cost Anomaly Detection to identify and investigate unusual spending patterns.

15. Use AWS Cost and Usage Reports: Use AWS Cost and Usage Reports to download detailed usage and spending data for analysis.

16. Optimize storage: Optimize your use of AWS Cloud storage services, such as S3, EBS, and Glacier, to reduce costs.

17. Use Amazon Aurora: Use Amazon Aurora to reduce costs for database workloads by up to 90% compared to traditional relational databases.

18. Use AWS Lambda: Use AWS Lambda to run code without provisioning or managing servers, and pay only for the compute time you consume.

19. Use AWS Fargate: Use AWS Fargate to run containers without managing servers or clusters, and pay only for the resources you use.

20. Use AWS Marketplace: Use AWS Marketplace to discover, purchase, and deploy third-party software and services that can help you save money on your AWS Cloud costs.

By following these best practices, you can optimize your AWS Cloud spending and reduce costs, while still meeting your business requirements and goals.