AWS

AWS BILLING & COST MANAGEMENT TUTORIAL — PART 2 (Cost Explorer)

Learn to manage your AWS billings.

· 3 min read
AWS BILLING & COST MANAGEMENT TUTORIAL — PART 2 (Cost Explorer)

Hello everyone, In this part of “AWS BILLING & COST MANAGEMENT TUTORIAL”, I am going to discuss the Cost Explorer in AWS.

Before going on to the details of how you can analyze data from Cost Explorer. Let us know something about what Cost Explorer is.

  • Cost Explorer is a tool that enables you to view & analyze your cost & usage.
  • You can explore your usage & costs using the main graph, the Cost Explorer cost & usage reports, or the cost explorer RI reports.
  • You can view data for up to the last 12 months, forecast how much you’re likely to spend for the next 12 months & get recommendations for what Reserved Instances to purchase.
  • You can use Cost Explorer to identify areas that need further inquiry & see trends that you can use to understand your cost.
  • It is a free-to-use service. You can use Cost Explorer UI for free.
  • But it can incur charges when using it through API.
  • You can’t disable Cost Explorer after you enable it.

Navigating to Cost Explorer

Just search for Cost Explorer on the search bar and you will find it easily.

Enabling Cost Explorer

To enable cost explorer just open the cost explorer using the process mentioned above.

If it was your first time you will get a screen, something like this

And you have to wait for up to 24 hours for to it be activated. Once it gets activated all the data will get displayed to you.

Analyzing data on Cost Explorer dashboard

On Cost Explorer (Cost Management) home the following data will be displayed:

  1. Current Month Cost
  2. Month-end forecast
  3. Daily Cost
  4. Trends by month

I am going to discuss each one by one.

Firstly have a look at the cost explorer home dashboard, so you can have a better idea.

Current Month Cost

Current month costs show the usage cost of your AWS account for the current month till the current day.

It also shows you the percentage increase on your AWS account usage cost as compared to the previous month.

Forecasted Month End Costs

Forecasted month-end cost predicts the usage cost of your AWS account for the whole month or till the end of the month.

It is just the prediction and cannot be always the same as the actual month-end cost.

Daily Unblended Costs

Unblended costs represent your usage costs on the day they are charged to you.

Here you can get the data of the cost that is charged to you for each day of the current month till the current day.

Here you can see the trends related to your usage for the current month till the current day.

This is all for this article. In the next article, I am going to discuss advanced usage of cost explorer, reports, budgets, etc.

If you have any questions related to the topic, you can ask me in the comment section.