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Budgets

Set up budget alerts and track spending against budget targets to control cloud costs.

Creating a Budget​

  1. Navigate to FinOps → Budgets
  2. Click Create Budget
  3. Configure budget settings:
    • Budget Name: Descriptive name (e.g., "Q1 2024 Development")
    • Budget Amount: Monthly or total budget amount
    • Budget Period: Monthly, Quarterly, or Annual
    • Scope: All services, specific services, or by tags
  4. Click Create Budget

Setting Budget Alerts​

Configure alerts to notify when spending approaches or exceeds budget thresholds:

  • Alert at 50%: Early warning when halfway to budget
  • Alert at 80%: Approaching budget limit
  • Alert at 100%: Budget exceeded
  • Alert at 120%: Significant overage

Notification Options​

  • Email notifications to specific users
  • Slack channel alerts
  • Webhook for custom integrations
  • In-platform notifications

Monitoring Budget Performance​

Track budget performance in real-time:

  • Current spend vs. budget
  • Percentage of budget consumed
  • Days remaining in budget period
  • Projected end-of-period spend
  • Historical budget performance
warning

Set up budget alerts early in the budget period to catch cost overruns before they become significant.