AWS pricing works by primarily charging based on what you use under pay-as-you-go model.Discounted rates are offered by AWS when you commit long term and increase your usage volume.Regional difference in prices must be considered before choosing a region for deployment.AWS offers a free tier to test most services before paying.AWS Budgets allows restriction of expenses by setting a threshold for your spending.Different pricing models used by AWS include pay-as-you-go, Reservations, Savings Plans, etc.AWS Cost Management tools like AWS Budgets, AWS Cost Explorer, etc, optimize AWS costs.AWS provides many services with a varying price range which varies across regions, services, tiers, add-ons and usage.Different measures like discounted pricing models, matching demand with capacity, removing idle resources help to optimize AWS costs.AWS can be very expensive for personal use, but it depends on the services you use and your usage volume.