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What are the differences between AWS Savings Plans?

An example of an AI chatbot conversation about comparing AWS Savings Plans.

😀
You

What are the differences between AWS Savings Plans?

MagicBuddy
MagicBuddy

AWS Savings Plans offer flexible pricing for AWS services. There are two main types: Compute Savings Plans and EC2 Instance Savings Plans. Compute Savings Plans provide the most flexibility, allowing you to save on any EC2 instance usage, while EC2 Instance Savings Plans are specific to a particular instance family in a region.

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You

Which one should I choose for my business?

MagicBuddy
MagicBuddy

It depends on your usage patterns. If you have predictable workloads and can commit to specific instance types, EC2 Instance Savings Plans might be more cost-effective. However, if your workloads vary or you need more flexibility, Compute Savings Plans are a better choice.

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You

Can I change my plan later?

MagicBuddy
MagicBuddy

Once you commit to a Savings Plan, you cannot change it. However, you can purchase additional Savings Plans if your needs change.

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You

How do I calculate my potential savings?

MagicBuddy
MagicBuddy

You can use the AWS Pricing Calculator to estimate your savings based on your current usage and the type of Savings Plan you choose.

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