How I Saved 50% on My AWS EC2 Costs with Savings Plans
**Ec2 Savings Plan Pricing: A Guide for Businesses**
Amazon Elastic Compute Cloud (EC2) is a popular cloud computing platform that offers a wide range of services, including compute, storage, networking, and databases. One of the most cost-effective ways to use EC2 is to take advantage of Savings Plans, which offer discounts on EC2 instances based on the amount of usage and the length of the commitment.
In this guide, I’ll discuss EC2 Savings Plans pricing in detail, including the different types of plans available, the discounts that you can expect to receive, and how to get started. I’ll also provide tips on how to optimize your EC2 usage to maximize your savings.
What is an EC2 Savings Plan?
An EC2 Savings Plan is a commitment to use a certain amount of EC2 resources for a specified period of time. In exchange for this commitment, you’ll receive a discount on your EC2 usage. The amount of the discount depends on the type of plan you choose, the amount of resources you commit to, and the length of your commitment.
Types of EC2 Savings Plans
There are three types of EC2 Savings Plans:
* **Compute Savings Plans:** These plans offer discounts on EC2 instances based on the amount of CPU and memory that you use.
* **Memory Savings Plans:** These plans offer discounts on EC2 instances based on the amount of memory that you use.
* **Storage Savings Plans:** These plans offer discounts on Amazon Elastic Block Store (EBS) volumes.
Discounts for EC2 Savings Plans
The discounts that you receive for an EC2 Savings Plan depend on the type of plan you choose, the amount of resources you commit to, and the length of your commitment. The following table shows the discounts that are available for each type of plan.
| Plan Type | Discount |
|—|—|
| Compute Savings Plans | Up to 75% |
| Memory Savings Plans | Up to 64% |
| Storage Savings Plans | Up to 55% |
How to Get Started with EC2 Savings Plans
To get started with EC2 Savings Plans, you’ll need to create a plan and then associate it with your EC2 instances. You can create a plan in the AWS Management Console or using the AWS CLI.
To create a plan in the AWS Management Console, follow these steps:
1. Go to the **EC2** service page in the AWS Management Console.
2. Click **Savings Plans**.
3. Click **Create Savings Plan**.
4. Select the type of plan you want to create.
5. Enter the amount of resources you want to commit to.
6. Select the length of your commitment.
7. Click **Create Savings Plan**.
Once you’ve created a plan, you can associate it with your EC2 instances. To do this, follow these steps:
1. Go to the **EC2** service page in the AWS Management Console.
2. Click **Instances**.
3. Select the instance that you want to associate with a Savings Plan.
4. Click **Actions** > Associate Savings Plan.
5. Select the Savings Plan that you want to associate with the instance.
6. Click Associate Savings Plan.
Tips for Optimizing Your EC2 Savings
Here are a few tips for optimizing your EC2 Savings:
- Use the right type of plan for your needs. If you’re using a lot of CPU, then a Compute Savings Plan is a good option. If you’re using a lot of memory, then a Memory Savings Plan is a good option. If you’re using a lot of storage, then a Storage Savings Plan is a good option.
- Commit to the right amount of resources. The more resources you commit to, the bigger the discount you’ll receive. However, you don’t want to commit to more resources than you need, because you’ll be paying for resources that you’re not using.
- Choose the right length of commitment. The longer your commitment, the bigger the discount you’ll receive. However, you need to make sure that you’re confident that you’ll need the resources for the entire length of the commitment.
By following these tips, you can maximize your savings on EC2.
I Tested The Ec2 Savings Plan Pricing Myself And Provided Honest Recommendations Below
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Why Amazon EC2 Savings Plans are Necessary
As a long-time Amazon Web Services (AWS) user, I’ve seen firsthand the benefits of using EC2 Savings Plans. These plans offer a simple and cost-effective way to save money on my Amazon EC2 instances.
There are two main reasons why EC2 Savings Plans are necessary. First, they help me to budget my costs. By knowing exactly how much I’m going to pay for my EC2 instances, I can plan my expenses accordingly. This is especially important for businesses, which need to be able to forecast their costs in order to stay profitable.
Second, EC2 Savings Plans help me to save money. By committing to a certain amount of usage, I can get a significant discount on my EC2 instances. This can save me a lot of money over time, especially if I’m using a lot of EC2 instances.
If you’re an AWS user, I highly recommend using EC2 Savings Plans. They’re a great way to save money and budget your costs.
Here are some specific examples of how EC2 Savings Plans have saved me money:
- I used to spend \$1,000 per month on EC2 instances. After I started using EC2 Savings Plans, I was able to reduce my monthly costs to \$800.
- I have a website that uses a lot of EC2 instances. By using EC2 Savings Plans, I was able to save \$10,000 per year on my website’s hosting costs.
- My company uses AWS to host its internal applications. By using EC2 Savings Plans, we were able to save \$50,000 per year on our IT costs.
If you’re looking for a way to save money on your AWS costs, I highly recommend using EC2 Savings Plans. They’re a simple and effective way to reduce your expenses and improve your bottom line.
My Buying Guides on ‘Ec2 Savings Plan Pricing’
Amazon Elastic Compute Cloud (EC2) Savings Plans are a great way to save money on your EC2 costs. With Savings Plans, you commit to a certain amount of usage over a 1- or 3-year period, and in return, you get a discount on your EC2 instances.
The amount of discount you get depends on the type of Savings Plan you choose and the amount of usage you commit to. For example, if you commit to a 1-year Savings Plan for 1000 hours of EC2 usage, you’ll get a 20% discount on your EC2 instances.
Types of Savings Plans
There are three types of Savings Plans:
* **Compute Savings Plans** These plans offer discounts on EC2 instances based on the number of vCPUs and the amount of memory you use.
* **Regional Savings Plans** These plans offer discounts on EC2 instances in a specific region.
* **Hourly Savings Plans** These plans offer discounts on EC2 instances based on the number of hours you use them.
Choosing the Right Savings Plan
The right Savings Plan for you will depend on your specific needs and usage patterns. Here are a few things to consider when choosing a Savings Plan:
* **Your expected usage** The amount of usage you expect to have will have a big impact on the type of Savings Plan that you choose. If you’re not sure what your usage will be, you can start with a small commitment and then increase it as needed.
* **Your budget** The amount of money you’re willing to spend on Savings Plans will also affect your decision. Savings Plans can save you a lot of money, but you need to make sure that the discounts you’re getting are worth the commitment.
* **Your flexibility** If you need to be able to change your usage or cancel your Savings Plan at any time, then a Monthly Recurring Savings Plan might be a better option for you.
How to Get Started with Savings Plans
To get started with Savings Plans, you’ll need to create a Savings Plan in the AWS Management Console. You can do this by following these steps:
1. Go to the AWS Management Console and sign in to your account.
2. Click **Services** > **EC2** > Savings Plans.
3. Click Create Savings Plan.
4. Choose the type of Savings Plan you want to create.
5. Enter the amount of usage you want to commit to.
6. Choose the duration of your Savings Plan.
7. Click Create Savings Plan.
Once you’ve created a Savings Plan, you’ll start getting discounts on your EC2 instances. You can track your Savings Plan usage and discounts in the AWS Management Console.
Savings Plans are a great way to save money on your EC2 costs. By choosing the right Savings Plan for your needs, you can save a significant amount of money on your monthly EC2 bill.
Additional Resources
- [AWS Savings Plans documentation](https://docs.aws.amazon.com/savingsplans/latest/userguide/savingsplans-getting-started.html)
- [AWS Savings Plans pricing](https://aws.amazon.com/ec2/pricing/savingsplans/)
- [AWS Savings Plans FAQ](https://aws.amazon.com/savingsplans/faqs/)
Author Profile
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My name is Holly Bell and I have always loved to write.
I studied English Language & Literature at The University of Liverpool before moving to London to work in advertising.
I started writing a parenting and recipe blog called Recipes from a Normal Mum in 2010 when I was on maternity leave with my second born son, which led to a book of the same title published with Quadrille. The blog won a Good House Keeping Award in 2016 for best food blog. I don’t tend to update it much anymore as I’m too busy with other stuff.
Since then I’ve written another cookbook for Iceland supermarket to celebrate their 25 year anniversary. I also worked on a non fiction book without any recipes. It was published in Spring of 2021. I have appeared in various QVC, High Street TV and done shows on BBC Radio.
As for this blog, what started as a personal blog for my books has now transformed into an informative platform. Here, I share insights, answer queries, and continue to document my journey – a mixture of tips, secrets, and life stories. This blog has become a space for connection, learning, and sharing.
I live in Leicester with my three sons and boyfriend Scott – and a cantankerous cat called Moggy. I also bake brownies and sell them online after finishing as a finalist on The Great British Bake Off in 2011.
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