Cost Optimization
EC2 Reserved Instances;
the more you pay upfront, the more you save;
some instances can be sold for a fee;
Low utilization
idle load balancers
remove unused load balancers since we pay per load balancer;
EBS volumes
Unassociated Elastic IP addresses
EIPs cost money when not in use – disassociate them
Having more than one EIP associated to an instance costs money
EIPs on stopped instances cost an hourly fee
Idle Amazon RDS DB instances
Take snapshots of unused DB instances, and delete them
– you can check if an instance has 0 connections for a certain period of time.