What does AWS Budgets allow you to set and track?

AWS Budgets is a tool that specifically allows users to create custom budgets for their AWS usage and costs. By utilizing AWS Budgets, you can set thresholds for your expenditures and monitor your usage in relation to those budgets. This feature enables cost management by tracking both the amount spent and the expected costs based on usage patterns.

When you set a budget in AWS Budgets, you can specify parameters such as a budgeted amount for your services and receive alerts when your spending approaches or exceeds this amount. This proactive monitoring helps organizations ensure they stay within financial limits, making it a critical tool for cost management and financial governance in cloud environments.

The other choices do not align with the primary function of AWS Budgets. While performance metrics and user activity logs are essential for application performance tuning and security analysis, they are not related to budget management. Network security compliance is also a different area focused on ensuring that your AWS environment adheres to security policies and regulations rather than tracking costs and usage.