Creating an AWS budget is a crucial step when starting a new AWS account or project in the cloud. It helps to ensure that your AWS spending aligns with your current business goals and prevents unexpected costs from affecting your budget.

While many tutorials focus on manual budget creation, there's an even better solution for those who prioritize automation. By utilizing an AWS budget, you can set custom cost thresholds for your AWS accounts, and receive notifications when actual costs exceed the budgeted amount. This allows for efficient cost management and ensures that your AWS usage stays within your desired budget

Go to CloudFormation:

Save & Load the template from the PC

AWSTemplateFormatVersion:"2010-09-09"Description:"Minimal-SpendBudget"Parameters:Email:Type:StringDescription:Please enter the email address to which budget notifications should be addressed.Resources:BasicBudget:Type:"AWS::Budgets::Budget"Properties:Budget:BudgetLimit:Amount:10Unit:USDTimeUnit:MONTHLYBudgetType:COSTNotificationsWithSubscribers:-Notification:NotificationType:ACTUALComparisonOperator:GREATER_THANThreshold:99Subscribers:-SubscriptionType:EMAILAddress:!RefEmail-Notification:NotificationType:ACTUALComparisonOperator:GREATER_THANThreshold:50Subscribers:-SubscriptionType:EMAILAddress:!RefEmail-Notification:NotificationType:ACTUALComparisonOperator:GREATER_THANThreshold:10Subscribers:-SubscriptionType:EMAILAddress:!RefEmailOutputs:BudgetId:Value:!RefBasicBudget

Validate Creation

Budget result 🚀

Conclusion

Overall, having an AWS budget can help you better understand and control your AWS costs, and can help you make informed decisions about how to use AWS resources