How can you limit costs in AWS?

Using AWS Budgets to monitor and control spending is a strategic way to limit costs in AWS. AWS Budgets allow you to set custom cost and usage budgets for your AWS account. By setting these budgets, you can ensure that you receive alerts when your spending exceeds the defined thresholds, helping you to take timely action to manage your cloud expenditure effectively.

AWS Budgets not only provide oversight of costs but also integrate with other AWS services, enabling you to track your spending against your budget and get insights into your AWS usage patterns. This proactive cost management approach ensures you can make informed decisions around scaling resources up or down based on your budgetary constraints.

In contrast, simply choosing the lowest-cost services without considering performance or requirements may lead to inadequate service delivery or disruptions. Increasing resource allocation would likely lead to increased costs, which goes against the objective of limiting expenditure. Disabling unused services can be beneficial as a complementary tactic, but it does not provide the same level of ongoing monitoring and control that budgets do. Hence, AWS Budgets stand out as a comprehensive solution for managing and limiting costs effectively in the AWS environment.