⏲ Timelines for your convenience: 00:00 // Introduction 00:42 // AWS Savings Plan 02:36 // Pricing model for Savings Plan 04:00 // Types of Savings Plan 06:24 // How does Savings plan work. 07:52 // Benefits of using Savings Plan 09:16 // Frequently asked questions for AWS Savings Plan 11:30 // Demo for AWS SAVINGS PLAN 22:33 // Outro
I don't understand the hourly commitment, so if I purchased a saving plan with $1 hourly commitment, does that I get to launch (for free) On-Demand instances with $1 hourly rate or less?
If you purchase a savings plan with a $1 hourly commitment, it means that you have committed to using a certain amount of computing resources (e.g., CPU, memory, network) on Amazon Web Services (AWS) for a certain number of hours per month. In exchange for this commitment, AWS provides you with a discount on the hourly rate of the resources that you use. For example, if you purchase a $1 hourly commitment for one month, and you use computing resources that normally cost $2 per hour, you will receive a discount of $1 per hour, so you will only pay $1 per hour for those resources during that month. The savings plan is not directly tied to launching On-Demand instances. Instead, it provides you with a discount on the hourly rate of the computing resources that you use, regardless of how you launch them (e.g., On-Demand instances, Reserved instances, Spot instances). However, it's important to note that purchasing a savings plan does not guarantee that you will always pay the discounted rate. The actual discount that you receive will depend on your usage of AWS resources during the month, and if you exceed the hourly commitment that you purchased, you may be charged the regular hourly rate for any additional usage.
Hello, Thank you for the video. I just did not understand how can do the simulation. The total cost in the summary section give the simutaion of the billing without the discount ! If you take 2$ * 24h * 365 days = 17,520$ / year. Any idea what is the discount hear and how to see it ?
Amazon EC2 usage is calculated by either the hour or the second based on the size of the instance, operating system, and the AWS Region where the instances are launched
In an AWS Savings Plan, the "hourly commitment" refers to the amount of money you commit to spend per hour on AWS services for a specified term, usually 1 or 3 years. This commitment is based on your expected usage. The value you need to give, or your hourly commitment, depends on your anticipated usage of AWS services. To determine this, you should: 1. Analyze your current AWS usage and costs. 2. Forecast future usage based on your needs. 3. Choose a Savings Plan that aligns with this usage. AWS offers tools and calculators to help estimate this amount. It's important to carefully assess your needs to avoid over or under-committing.
Sir ji what if we already running 4 instance and after 4 month we want to create a saving plan than it could be applied to previous instance also. And what if we create a saving plan for one year for $4 per hour and we use AWS for only two months and move to other company to compute so we terminate all the instance in aws so billing is continue or stops at all the termination?
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⏲ Timelines for your convenience:
00:00 // Introduction
00:42 // AWS Savings Plan
02:36 // Pricing model for Savings Plan
04:00 // Types of Savings Plan
06:24 // How does Savings plan work.
07:52 // Benefits of using Savings Plan
09:16 // Frequently asked questions for AWS Savings Plan
11:30 // Demo for AWS SAVINGS PLAN
22:33 // Outro
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Your channel is the best. The quality of the content is even better than the payed ones. Great work man, really appreciate
Really appreciate the presentation and diligently curated content
I don't understand the hourly commitment, so if I purchased a saving plan with $1 hourly commitment, does that I get to launch (for free) On-Demand instances with $1 hourly rate or less?
Same here, c5 instance family have different pricing model
If you purchase a savings plan with a $1 hourly commitment, it means that you have committed to using a certain amount of computing resources (e.g., CPU, memory, network) on Amazon Web Services (AWS) for a certain number of hours per month. In exchange for this commitment, AWS provides you with a discount on the hourly rate of the resources that you use.
For example, if you purchase a $1 hourly commitment for one month, and you use computing resources that normally cost $2 per hour, you will receive a discount of $1 per hour, so you will only pay $1 per hour for those resources during that month.
The savings plan is not directly tied to launching On-Demand instances. Instead, it provides you with a discount on the hourly rate of the computing resources that you use, regardless of how you launch them (e.g., On-Demand instances, Reserved instances, Spot instances).
However, it's important to note that purchasing a savings plan does not guarantee that you will always pay the discounted rate. The actual discount that you receive will depend on your usage of AWS resources during the month, and if you exceed the hourly commitment that you purchased, you may be charged the regular hourly rate for any additional usage.
Yes, you're right. The pricing for the c5 instance family can vary depending on the pricing model that you choose.
Hello,
Thank you for the video. I just did not understand how can do the simulation.
The total cost in the summary section give the simutaion of the billing without the discount !
If you take 2$ * 24h * 365 days = 17,520$ / year. Any idea what is the discount hear and how to see it ?
quality of video es excellent, how do you make these animations?
Thanks, with ppt.
I wonder what does the "commitment hour" mean, could you please explain that? it really confuses me a lot.
Amazon EC2 usage is calculated by either the hour or the second based on the size of the instance, operating system, and the AWS Region where the instances are launched
@@Pythoholic hello, why would i put 1 dollar per hour for EC2 savings. AWS is by default giving me t3a at 0.0747 per hour.
What is hourly commitment? What is the value I have to give?
In an AWS Savings Plan, the "hourly commitment" refers to the amount of money you commit to spend per hour on AWS services for a specified term, usually 1 or 3 years. This commitment is based on your expected usage.
The value you need to give, or your hourly commitment, depends on your anticipated usage of AWS services. To determine this, you should:
1. Analyze your current AWS usage and costs.
2. Forecast future usage based on your needs.
3. Choose a Savings Plan that aligns with this usage.
AWS offers tools and calculators to help estimate this amount. It's important to carefully assess your needs to avoid over or under-committing.
Sir ji what if we already running 4 instance and after 4 month we want to create a saving plan than it could be applied to previous instance also. And what if we create a saving plan for one year for $4 per hour and we use AWS for only two months and move to other company to compute so we terminate all the instance in aws so billing is continue or stops at all the termination?
In that case, its fine to just go with reserved ones, you will be charged for the usage time. So it should be ok.
super