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AWS Certified Solutions Architect - Associate · AWS
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AWS Budgets acts as a proactive "guardrail" setting limits and sending alerts. AWS Cost Explorer acts as a diagnostic tool for analyzing historical data to understand, visualize, and identify trends in spend. Use both together: Budgets for alerting, Cost Explorer for analysis
AWS budgets allow for creating budgets and hence are the most suitable here.
AWS Budgets allows you to create budgets for your AWS accounts and set alerts when usage exceeds a certain threshold. By creating a budget for each account, specifying the period as monthly and the scope as EC2 instances, you can effectively track the EC2 usage for each account and be notified when a threshold is exceeded. This solution is the most cost-effective option as it does not require additional resources such as Amazon Athena or Amazon EventBridge.