The suggestion to setup some kind of IAM policy to shut things down and stop resource usage is insanely complicated for users who need this kind of feature the most. If I’m learning AWS and just added my CC to it, I am the last person to be qualified to setup this kind of an alert and policy from scratch. This needs to be a single text input in the billing page, like it is for countless spend-as-you-go services. When the limit is hit, the service needs to stop the usage at the customers peril, because that’s what they customer requests.
Hope this helps.