We can enable the AWS billing alerts through Amazon CloudWatch. CloudWatch is an AWS service dedicated to monitoring all of your activities across your AWS account. In addition to billing alerts, CloudWatch also provides the infrastructure for monitoring applications, logs, metrics collections, other service metadata, and detecting the activity in your AWS account usage.
The AWS CloudWatch provides a variety of metrics by which you can schedule your alarms. For example, you could create an alarm to notify you when the CPU or memory Utilization of a running instance goes beyond 90% or when the billing amount goes over $100, In an AWS free tier account, we get 10 alarms and 1,000 emails notifications per month.
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