DAY 07 : ๐Ÿ“Š AWS Pricing Models Explained: Free Tier to Spot Instances

DAY 07 : ๐Ÿ“Š AWS Pricing Models Explained: Free Tier to Spot Instances

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โ†’ Billing

General Billing

There are three main drivers of billing:

โ— Compute that was used/requested

โž” I want a server with 4 CPUs and 32 GB of RAM

โž” That server was run for 8 hours

โ— Storage that was used/requested

โž” I want 50 GB of fast disk storage

โ— Network that was used/requested (only in the outbound direction)

โž” I transferred 20 GB of data out to my office

โ— Ensure to understand all the aspects of pricing for a service

โ— Choose the correct sizing of service to optimize costs

โ— Make use of AWSโ€™ Optimize and Save tools when possible

โ— Scale up only when needed and make sure to scale back down

โž” Utilize auto-scaling when possible

AWS Pricing Models

  • Free Tier:

    • Over 100 services available for free.

    • 12 months of free service for new users.

    • Some services are always free.

  • On-Demand:

    • Pay for what you use or the size you request without long-term commitments.
  • Reserved Instances:

    • If you anticipate using a service for an extended period (1-3 years), you can reserve it in advance to save on costs.
  • Savings Plans:

    • Offers discounted prices on services in exchange for a commitment to use them for a certain period.
  • Spot Instances:

    • If Amazon has spare capacity, they offer it at a discounted rate.

Thankyou for reading !!!!!

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