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Cost Management Guide

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Newvem Analytics analyzes, reveals, and recommends powerful insights on your AWS Cloud. Start using it for free:

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Cost Management Guide for AWS Users

In this session, we show you a few things that you can do immediately to save money on your AWS environment.

New users trending to AWS  usually have one main objective – to spend less! The problem is that ineffective use of Amazon it costs quite a lot. When you grow, the problem will grow accordingly so better to start building for elasticity in AWS and use AWS to your advantage.

Here are some Best Practices on how to save some money now:

  1. Close your servers when leaving the office – You can stop them and turn them on tomorrow. Here is a short guide on how to stop your instances
  2. Delete unneeded stopped instances –  If you don’t need them terminate them! They are contributing to the sprawl in your footprint. Here is how you terminate instances in EC2.
  3. Delete any unassociated Elastic IPs –  In AWS, unused Elastic IPs cost you money. You can delete them without regret. This is a quick guide on how to find and  the unassociated Elastic IPs or how to diassociate an Elastic IP
  4. Delete your excess Snapshots –  We all know it’s extremely important to have valid backups of your applications, but best practice says that one fresh backup is good enough; you can easily delete the rest of the excess snapshots. Use this how-to guide to learn how to find and delete the exceeding snapshots

 Dos and Don’ts

  1. Assign one person in your organization who will control the faucet; this will be the only person who turns machines on/off.
  2. Maintain an Excel File where you keep track of your AWS assets. Best Practices show that when you reach more than 30 instances it becomes a real challenge to control your spending.
  3. Don’t go with “One size fits all”. Not all instances are created equal. Too often, users end up using larger instances that aren’t utilized to the max.

 How To Guides

  1. How to Start, Stop or Terminate an EC2 instance
  2. How to terminate EC2 instances
  3. How to find unassociated Elastic IP addresses
  4. How to find and delete the excess snapshots

Case Studies

Read this Case Study from one of our Users who succeeded degrading their annual expanses in AWS by more than 50%.

 Best Practices

  1. Save Your Cloudy Money
  2. Cost Saving Tips - part1
  3. Cost Saving Tips - part2
  4. 5 ways to profit from the cloud
  5. Control Your Amazon Data Transfer Costs

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