This week, AWS Budgets has the ability to create auto-adjusting budgets. An auto-adjusting budget dynamically sets your budget amount based on historical cost or usage over a time range that you specify.
This reduces the guesswork in setting a budget limit and keeps you updated as your spend patterns change. Auto-adjusting budgets are generally available in all public AWS Regions.
On catching the spikes in cloud spend, auto-adjusting budgets can be used to receive alerts when your cost or usage patterns change as a complement to your existing budgets.
At the beginning of each new period, AWS Budgets calculates your auto-adjusted budget amount using historical billing data within the specified time range.
For example, you can create an auto-adjusting cost budget with a baseline time range of the last six months.
In this scenario, whilst spending each budget period in the last six months was $100, auto-adjusted budget amount will be $100.
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