Budgets allow you to manage cost and usage by providing notifications when cost or usage are outside of configured amounts. They cannot be used to restrict actions, only notify on usage after it has occurred.
Budgets and notifications are updated when your billing data is updated, which is at least once per day.
NOTE: You may not receive an alarm for a forecasted budget if your account is new. Forecasting requires existing usage within the account.
We will create a monthly cost budget which will notify if the forecasted amount exceeds the budget.
Log into the console via SSO, go to the Billing console:
Select Budgets from the left menu:
Click on Create a budget:
Ensure Cost Budget is selected, and click Set your budget >:
Create a cost budget, enter the following details:
Scroll down and click Configure alerts >:
Review the configuration, and click Create:
You should see the current forecast will exceed the budget (it should be red, you may need to refresh your browser):
10: You will receive an email similar to this within a few minutes:
You have created a forecasted budget, when your forecasted costs for the entire account are predicted to exceed the forecast, you will receive a notification.