Today we’re joined by Wade Piehl, Senior FinOps Success Manager on the Optics Team at AWS, to discuss all things On Demand, Reserved, and Spot.

Good purchasing decisions have an enormous impact on your bottom line — but how do you know what and how much to buy? We walk through the step-by-step decision-making process and the most common pitfalls that can cost you.

Wade shares all the practical advice you need to decide between Reserved Instances vs. Savings Plans. Find out how the equation changes from compute spend to database, storage and networking. We’ll also dig into strategies like layering purchase plans, leveraging Spot, and other methods of maximizing your savings.