AWS Cost Optimization Checklist

Are you sure you’re following all of the practices and strategies to optimize your expenses? AWS has many flexible methods of keeping your expenditure to a minimum but the myriad of services and strategies could overwhelm you. Check out the list of essential strategies below to see if you’ve got all your bases covered.

Instances

  • Purchase instances that suit your organizational needs.
  • Buy reserved instances with appropriate duration. Don’t reserve instances long-term if you won’t need them.
  • Analyze the pricing history of the Spot market at least a week before purchase to know which instances are worth purchasing.
  • Purchase Spot Instances for resources that aren’t set up for production.
  • Deploy some Spot instance tools so you don’t have to worry about your instances being interrupted.
  • Monitor your instances monthly. Purchase the latest instances.

Scheduling

  • Schedule your instances. Keep them running only on business hours.
  • Make use of AWS instance scheduler or third-party automatic scheduling tools to take the task off your hands.
  • Try to be even more thorough with the scheduling times. If you don’t need instances to be running during certain working hours(like lunchtime), then turn it off.
  • Schedule your resources based on their activity. Don’t need to keep them running if they are idle(Learn more).
  • Shut down resources other than instances like unused DB volumes or elastic IPs based on time or activity.

Storage

  • Optimizing your storage directly results in the optimization of your costs. 
  • Store your running resources on S3 and move them between tiers according to their activity.
  • Set up a lifecycle policy
  • Use S3 Intelligent-tiering for moving between frequent and infrequent access tiers automatically.
  • Archive your less active resources on Glacier. 
  • Archive data backups long-term on Glacier Deep Archive.
  • Backup large volumes of data on Elastic Block Storage. Store your EC2 instances or clusters on here.
  • Applications with high workloads can be run on Amazon EFS as it provides auto-scaling and quick outputs. 
  • Delete old snapshots and unallocated disk volumes
  • Delete unnecessary objects and buckets
  • Make use of AWS auto-scaling to allocate the sufficient capacity of storage to the workload
  • Choose open-source operating systems

AWS Cost Management Tools

  • Analyze your expenses with Cost and Usage report.
  • Use Trusted Advisor to see your expense forecast. 
  • Figure out unused resources with Trusted Advisor
  • Keep up with the trends in the market with AWS Cost Explorer 
  • Create budget plans for your resources 
  • Aggregate the expenses by services you run
  • Arm the individual employees of your organization with cost optimization tools

AWS Cost Optimization Checklist

Smart Scheduling at your fingertips

Go from simple to smart, real-time AWS resource scheduling to save cost and increase team productivity.

Learn More
More Posts

You Might Also Like

Cloud Computing
20 Cloud Influencers You Should Be Following in 2020
It’s important to follow the right individuals so that you remain on the loop and always find yourself learning things that you were unaware of. These thought leaders and influencers can only be the avenues by which you meet other interesting technologists.
September 23, 2020
Hrishikesh
Cloud Computing
Everything You Need To Know About Kubernetes Scheduler
When creating a Kubernetes cluster, scheduling the pod to an available node is an important component of the process. This component works under specific rules and technicalities that I’d like to explore in this article...
September 23, 2020
Hrishikesh
Cloud Automation
New In: No-code cloud management workflows for Azure, VMware & Private Cloud (in addition to AWS)
At TotalCloud, we’ve been enabling workflow-based cloud management for AWS to make it intuitive, accelerated, and no-code. Instead of programming cloud management use cases or depending on siloed solutions, we built out a platform that gives you building blocks to assemble any cloud management solution. 
September 4, 2020
Sayonee
Cloud Computing
List of Essential Kubernetes Tools
Kubernetes is a Container-as-a-Service with tons of unique tools to choose from. External tools play a role in integrating with different systems or maintaining control over the clusters you deploy. Manual health checks and troubleshooting is not ideal to keep a system in full health.This list of tools will provide ample support to your containers and have enough configuration to leave management flexible...
August 12, 2020
Hrishikesh
AWS Use Case Files
TotalCloud Inventory Actions: Giving a new meaning to Cloud Inventory
Learn how the TotalCloud Inventory Dashboard can become equivalent to your cloud provider’s SDK. Carry out any action on any discovered resource with Inventory Actions.
July 30, 2020
Sayonee
AWS Tips & Tricks
AWS Tutorial: Create an AWS Instance Scheduler with Terraform
Terraform is a popular IaaS tool used by many to create, update, and maintain their AWS architecture. If you use Terraform to provision your AWS architecture, you won’t be disappointed with our new AWS tutorial video.We provide you with the means to set up your own instance scheduler from Terraform...
July 20, 2020
Hrishikesh