I was wondering is it possible to set up a budget for a user eg. if i'm part of organisation and i want only resources i created to monitor and be notified about?
My understanding is that if i set up a budget, I'll only be notified in case the budget is reached, but it will not stop resources to run further and generate costs. Is this correct and can it be changed?
How to stop services for running in AWS after budget is reached?
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AWS does not keep track of "only resources I created". Resources are associated with an AWS Account, not an AWS User. You would need to tag all relevant resources with the user who created the resource to be able to identify such 'owners' of resources.
You can create an Alarm based on a budget, and the Alarm could trigger an AWS Lambda function. You could then write code for the Lambda function that turns off / deletes resources based upon their tags.
Please note that some services can be stopped to save money and later restarted (eg Amazon EC2 instances, Amazon RDS databases), while some resources can only be deleted to stop the charges (eg NAT Gateway, storage in Amazon S3).