FeatureAWS BudgetsBilling Alarms (CloudWatch)
GranularityFine-grained (services, linked accounts)Entire account only
ForecastingYesNo
NotificationsMultiple thresholds (e.g., 80%, 100%)Single threshold
FrequencyDaily checks~6-hour delay (based on billing data)
CustomizationHighly customizableVery basic
ServiceBudgets DashboardCloudWatch + Billing metrics
Ideal forProactive cost controlSimple cost monitoring

Send alarms

Types of budgets

  • Usage
  • Cost
  • Reservation (tracks utilisation)
  • Savings plan

Upto 5 sns notifcation per budget