Why?
Setting up this alarm will monitor your billing charges. It allows you to set a treshold value (e.g. $20.00). When your bill goes over $20.00, you get an email from AWS.
Steps
Log in to the AWS Console
Go to the CloudWatch service > Billing
Click Create Alarm
Select Metric > Billing > Total estimated charge > USD > Select Metric > Static > Enter a Threshold value ($10) > Next
Create new topic > enter email address > Create Topic > Next
Verify your email address by logging into your email account. Look for the email, click verify. Go back to AWS console.
Alarm name > Alarm Description > Next
Create Alarm
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