Reserved Instances and Savings Plans
Reduce your compute costs significantly by leveraging Reserved Instances and Savings Plans for predictable workloads.
Smart AWS Cost Saving
AWS offers incredible flexibility, but costs can add up quickly. Learning to optimize your spending is a key skill for any backend developer.
In this lesson, we'll explore two powerful ways to reduce your AWS compute bill: Reserved Instances (RIs) and Savings Plans.
Meet Reserved Instances (RIs)
Reserved Instances (RIs) allow you to commit to using EC2 instances for a 1-year or 3-year term. In return, AWS gives you a significant discount compared to on-demand pricing.
- Think of it like a long-term rental agreement for a virtual server.
- You pay a fixed amount upfront or monthly for the commitment.
- RIs are great for stable, predictable workloads that run continuously.
All lessons in this course
- AWS Cost Explorer and Budgets
- Reserved Instances and Savings Plans
- Well-Architected Framework Overview
- Tagging Strategies and Cost Allocation