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Deciding which Savings Plans to purchase - Savings Plans

Deciding which Savings Plans to purchase

Savings Plans Purchase Analyzer is a feature that allows you to model and evaluate potential Savings Plans purchases. You can calculate these purchases by using the recommended purchase amount, targeting a coverage percentage, or entering your own custom amount to see the impact on savings, coverage, and utilization. You can fine-tune the results by adjusting the lookback period or removing expiring Savings Plans from the analysis. Purchase Analyzer helps you in the decision-making process by enabling you to evaluate key metrics, including estimated monthly savings and coverage percentage.

Using Purchase Analyzer you can:

  • Estimate the cost, coverage, and utilization impact of planned Savings Plans purchases.

  • Model different purchase scenarios with customizable parameters.

  • Compare savings and risk for different commitment amounts.

  • Make more informed Savings Plan purchasing decisions.

To access Savings Plans Purchase Analyzer

  1. Open the Billing and Cost Management console at https://console.aws.amazon.com/costmanagement/.

  2. In the navigation pane, under Savings Plans, choose Purchase Analyzer.