How to save money on your AWS bill

💸 How to save money on your AWS bill 💸

Startups have a lot of headwinds facing them recently, from high input costs through inflation, to a challenging fund raising environment. This has incentivised a shift away from a growth at all cost mindset, to a focus on reducing costs and preserving runway with a renewed focus on profitability.

One of the levers to achieve these goals is by examining your AWS environment and figuring out the best way to reduce costs

👉🏾 Rightsize Instances: Go through your compute and database instances and figure out if they have been over-provisioned and then reduce the instance size if necessary, as the bigger the instance size, the more you pay. This might affect the capacity of the servers and so you might have to implement autoscaling policies so that your environment can cope with a spike in traffic.

👉🏾 Reserve Instances: Once instances have been rightsized you should consider reserving those instances which could save between 15%-70%
Turn Instances off when not in use: Use instance schedular to save money as you get billed for when instances are running. e.g If you have servers that are only needed during work hours you can schedule instance to start a 9am and turn off at 6pm

👉🏾 Leverage serverless services like Lambda: Serverless services are typically cheaper than provisioned services as you pay per request

👉🏾 Set AWS Budget Alert: This is crucial as you get a notification if your bill is going to be higher than expected, this allows your team to take action immediately to save costs rather than being surprised by a massive bill at the end of the month

Feel free to put any other methods i've missed in the comment section below or reach out to me if you need any help implementing these cost saving strategies.

Jeff Bezos is rich enough, don’t give him any more money than you have to 🤑

#JeffBezosIsRichEnough

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