Jenny Vega explains AWS Budgets, a powerful tool for managing and controlling cloud costs. She demonstrates how to set up budgets, configure alerts, and leverage features like forecasting and budget actions. The video highlights the importance of proactive cost management and shows how AWS Budgets can help organizations optimize their cloud spending. Learn how to create custom budgets, track usage across multiple accounts, and automate responses to overspending. This comprehensive overview provides valuable insights for businesses looking to maintain financial control in their AWS environment.