3 Best Practices to Reduce Your AWS Cloud Costs
If you’re like most business owners, you’re probably looking for ways to reduce your Amazon Web Services (AWS) cloud costs. Luckily, you can follow several best practices to help you achieve this goal. In this blog post, we will outlinethree best practices to help you get started.
What is Cost Optimization in AWS?
AWS cost optimization is the process of ensuring that you are paying the lowest possible price for the services you use on AWS. There are several ways to optimize your costs, so it’s important to understand all of them if you want to get the most out of your AWS investment.
AWS Cost Optimization Best Practices
Release unattached Elastic IP addresses
Are you seeking a way to optimize your AWS costs? One way to do this is by releasing unused Elastic IP addresses. An elastic IP address (EIP) is a public IPv4 address from Amazon’s pool of IP addresses. Amazon assigns a new public IPv4 address when one becomes available. You can’t manually assign an EIP; you must request one from Amazon.
When you no longer need an EIP, you can release it back to Amazon’s pool of addresses. Unattached Elastic IP addresses are those that are not associated with any instance. By releasing these addresses, you can save on the monthly costs associated with them.
Purchasing Reserved Instances and Savings Plans
If you’re running any significant workload on Amazon Web Services (AWS), it’s likely that you’re taking advantage of the platform’s array of instance types and configurations to find the perfect balance of compute capacity, performance, and cost. And if you’ve been doing that, you’ve probably also realized that AWS pricing can be a bit tricky to navigate. It entails considering many different factors to make your selection.
One way to simplify things and reduce your AWS costs is to purchase Reserved Instances. Reserved Instances are instances that you reserve for a specific period of time and at a specific price.
Delete unattached EBS Volumes
Did you know that you can delete unattached EBS volumes to reduce your AWS costs? When your EBS volume is attached to an instance, you will be charged for the amount of storage used on that volume, even if the data on the volume is not being used. If you have any volumes that are not currently attached to an instance but still taking up space, you can delete them and save yourself some money. By deleting unused EBS volumes, you can save on storage costs and improve performance by freeing up associated EC2 instances.
Final Word
We’ve provided three of the best practices to get you started and help you reduce your AWS cloud costs. Make sure to take some time today and evaluate which one will work best for your organization.
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