Microsoft Azure's Cost Management feature helps users track and optimize their cloud spending. This set of tools provides a budget tracker for cloud usage, breaking down costs by resource type (VMs, storage, networking). Users can set budgets, receive alerts when close to exceeding limits, and allocate costs by project or category. Azure also recommends cost-saving strategies, such as downsizing resources not in use.

To keep costs under control, Microsoft suggests using Reserved Instances for long-term projects, reusing existing licenses, and setting automatic shutdowns for non-essential resources. The platform's Advisor feature regularly provides tips on reducing costs.

Source: https://dev.to/mahrukh_adeel/cost-management-in-azure-a-student-friendly-guide-to-managing-cloud-costs-2iah