AWS Cost Savings:10 Great Ways to Save Big on AWS
Who doesn’t like saving a few bucks on services availed? AWS is indeed a pocket-heavy service when used in long run. This is why AWS users are in constant search of some viable ways that will help them to trim down the invested cost, without making any compromise on the service quality.
If you’re in search of AWS cost optimization, your search ends at this post as we will explain some of the most viable ways that will help you save a huge deal of money on your AWS services.
Tools To Reduce AWS Cost
Amazon is aware of the importance of optimized cost. Hence, it offers a wide range of official tools that are useful for this job only. Here is what we’re referring to.
#1 — Reserved Instances or RIs
Those who are long-term users of AWS must use RIS as this model is useful to reserve the desired services or instances beforehand to use whenever you require them. You can pay the reservation cost upfront, fully or partially, and save big. You have the freedom to choose from Standard and Convertible RIs.
#2 — Spot Instance
With this model, you’ve got a chance to save up to 90% of your AWS investments by using the idle spot instances of the resources and making most of them. Cost savings are the highest with this model.
#3 — Saving Plans
Being a long-term AWS user is always beneficial as there are various savings plans for such users. With these plans, it’s easy to stay committed to your spending level and optimize the cost easily.
#4 — AWS Free Tier
With AWS free tier, it’s easy to save big as you get to avail very useful AWS services without any cost. A But, the availability period is limited.
#5 — Volume Discounts
Volume Discounts is a model that is useful to get consistent spending on all your Amazon services. This model will guide Amazon to treat all the services availed as one and will optimize the spending accordingly.
Practices to Reduce AWS Cost
Using tools isn’t enough to save substantial costs. It will bring remarkable results only if these tools are combined with best practices. Here are some practices to adopt to save huge on AWS.
#6 — Make sure that you have a diligent cloud cost management solution in place as it will help you find out per resource expenses, resources that are consuming too much, and future possibilities to save cost.
#7 — Spot Amazon EC2 instances and try to learn the rightsizing them. You can use AWS Cost Explorer Resource Optimization tool to obtain the EC2 instances reports.
#8 — Amazon S3 usage accounts for a large part of AWS cost and one must always do its monitoring. Keep an eye on S3 usage and spot the storage access patterns to make sure you’re not spending unnecessarily.
#9 — You can save big on overall AWS costs by reusing and selling the RIs that you haven’t used that much. You can also relocate them to other projects.
#10 — Snapshots that aren’t used properly can increase your AWS expenses. So, spot snapshots that you no longer need and delete them immediately to reduce the cost.
With these tips, you’ll be able to save big on your AWS investments and enjoy the best ROI. Try them today and share your experience.
