Creating a cost budget - Amazon Cost Management
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Creating a cost budget

Use this procedure to create a budget that's based on your costs.

To create a cost budget

  1. Open the Billing and Cost Management console at https://console.amazonaws.cn/cost-management/.

  2. In the navigation pane, choose Budgets.

  3. At the top of the page, choose Create budget.

  4. Under Budget setup, choose Customize (advanced).

  5. Under Budget types, choose Cost budget. Then, choose Next.

  6. Under Details, for Budget name, enter the name of your budget. Your budget name must be unique within your account. It can contain A-Z, a-z, spaces, and the following characters:

    _.:/=+-%@

  7. Under Set budget amount, for Period, choose how often you want the budget to reset the actual and forecasted spend. Select Daily for every day, Monthly for every month, Quarterly for every three months, or Annually for every year.

    Note

    With a Monthly or Quarterly budget period, you can set future budgeted amounts using the budget planning feature.

  8. For Budget renewal type, choose Recurring budget for a budget that resets after the budget period. Or, choose Expiring budget for a one-time budget that doesn't reset after the budget period.

  9. Choose the start date or period to begin tracking against your budgeted amount. For an Expiring budget, choose the end date or period for the budget to end on.

    All budget times are in the UTC format.

  10. For Budgeting method, select the way that you want your budget amount to be determined each budget period:

    • Fixed: Set one amount to monitor every budget period.

    • Planned: Set different amounts to monitor each budget period.

    • Auto-adjusting: Set your budget amount to be adjusted automatically based on your spending pattern over a time range that you specify.

    For more information about each method, see Budget methods

  11. Enter your budgeted amount for the selected period. This is the value the budget will track against.

  12. (Optional) Under Budget scope, for Filters, choose Add filter to apply one or more of the available filters. Your choice of budget type determines the set of filters that's displayed on the console.

    Note

    You can't use the Linked account filter within a linked account.

  13. (Optional) Under Budget scope, for Advanced options, choose how to aggregate costs:

    • Use blended costs: View averaged costs across accounts with evenly distributed Reserved Instance and Savings Plans benefits. Useful for organizations sharing commitment benefits.

    • Use unblended costs: View actual resource costs charged at time of usage. Suitable for individual account tracking.

    • Use net unblended costs: View actual costs after all discounts and credits are applied. Helps with monitoring final costs.

    • Use amortized costs: View costs with upfront and recurring payments spread across the term. Assists in consistent month-to-month budget planning.

    • Use net amortized costs: View spread payments with all discounts and credits applied. Supports long-term budget planning.

  14. Choose Next.

  15. Choose Add an alert threshold.

  16. Under Set alert threshold, for Threshold, enter the amount that must be reached for you to be notified. This can be either an absolute value or a percentage. For example, say you have a budget of 200 dollars. To be notified at 160 dollars (80% of your budget), enter 160 for an absolute budget or 80 for a percentage budget.

    Next to the amount, choose Absolute value to be notified when your costs exceed the threshold amount. Or, choose % of budgeted amount to be notified when your costs exceed the threshold percentage.

    Next to the threshold, choose Actual to create an alert for actual spend. Or, choose Forecasted to create an alert for forecasted spend.

  17. (Optional) Under Notification preferences, for Email recipients, enter the email addresses that you want the alert to notify. Separate multiple email addresses with commas. A notification can be sent to a maximum of 10 email addresses.

  18. (Optional) Under Notification preferences, for Amazon SNS Alerts, enter the Amazon Resource Name (ARN) for your Amazon SNS topic. For instructions on how to create a topic, see Creating an Amazon SNS topic for budget notifications.

    Important

    After you create a budget with Amazon SNS notifications, Amazon SNS sends a confirmation email to the email addresses that you specified. The subject line is Amazon Notification - Subscription Confirmation. The recipient must choose Confirm subscription in the confirmation email to receive future notifications.

  19. (Optional) Under Notification preferences, for Amazon Chatbot Alerts, you can choose to configure Amazon Chatbot to send budget alerts to an Amazon Chime or Slack chat room. You configure these alerts on the Amazon Chatbot console.

  20. Choose Next.

  21. (Optional) For Attach actions, you can configure an action that Amazon Budgets performs on your behalf when the alert threshold is exceeded. For more information and instructions, see To configure a budget action.

  22. Choose Next.

    Note

    To proceed, you must configure at least one of the following parameters for each alert:

    • An email recipient for notifications

    • An Amazon SNS topic for notifications

    • A budget action

  23. Review your budget settings, and then choose Create budget.