How Do I Stop Wasting Money on Reserved Instances?

How do EC2 Reserved Instance Purchasing Options Work?

Additional Ways To Save

Payment plans

How should I use my Reserved Instances?

  • The EC2 options available are specific to Region, Availability Zone, Instance Type (e.g. m5.large) with some exceptions, Platform Type (e.g. Linux or Windows), and Tenancy. AWS, behind the scenes, attempts to randomly match instances you launch to the Reserved Instance contracts you have in place, based on the specific criteria. When there is a match, the cost benefit is applied. It is not uncommon for people to believe they are launching instances that match all the criteria, when in fact they are not, so the contracts are under-utilized. And you won’t know what matches were made until you get your bill at the end of the month.
  • AWS decrements the contract amount for every hour when not used, meaning your return on investment diminishes.
  • For every hour in your RI term, you pay the fee for hourly usage regardless of whether there has been any usage during that hour.

How ParkMyCloud Can Help Manage Your Reserved Instances

  • Better savings
  • No commitment or upfront payment
  • Price cut protection

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store