Refer to the following guide to learn how to use IAM in the cloud\
<https://scribehow.com/shared/Creating_an_IAM_User_and_User_Group_in_AWS_Management_Console__hWNiiXlcRJKFqYZZEJD-cg>

Sign in to **AWS Management Console** as an **IAM user**

To explore **AWS Billing and Cost Management**, click on the **IAM** profile dropdown from the top right corner of the page

Click on **Billing and Cost Management** option

On the Billing and Cost Management dashboard click on **Billing Preferences** from the left bar under the **Preferences and Settings** section

On the **Billing preferences** dashboard you can customize your billing preferences

Within the **Alert preferences** section located on the right side, you have the option to configure CloudWatch billing alerts

To Create a Budget in AWS Billing, Type **Budgets** in the search bar and click on **Budgets** to view the Budgets Dashboard

On the budget dashboard click on **Create budget** button to create a new budget for the **AWS Account**

**What is the significance of having a budget and what advantages does it offer?**

Setting a budget in AWS is vital for controlling cloud costs, avoiding overruns, and optimizing resource allocation, ensuring financial predictability and efficiency in cloud operations.

The budget creation wizard will open, Select the budge type as "**Use a template (simplified)**"

Scroll the page and click on the **Create budget** button. The **Budget** will be created successfully

**Why does it take time for AWS budgets to become activated?**

AWS budgets may take time to become activated due to the system needing to process and verify the budget settings, allocate resources, and ensure that the configuration aligns with the account's billing and usage patterns. Additionally, there might be a delay in data synchronization between various AWS services, such as CloudWatch, which provides billing data for budget tracking. This process ensures accuracy and reliability in budget monitoring and helps prevent any potential discrepancies or errors in budget alerts and notifications.

Congratulations on completing this lab and Setting Billing Alerts to Monitor AWS Billing! Good job!

Amazon Web Services

This guide outlines the steps for monitoring AWS billing, configuring alerts, and handling budgets.

Monitor AWS Billing Setting Billing Alerts