# Create Cloud Savings Plans
You can create multiple Savings Plans under your contract. Ensure you meet all the [prerequisites](https://docs.ionos.com/cloud/set-up-ionos-cloud/management/usage/cloud-savings-plans/overview) before getting started.
Follow these steps to create a plan:
1\. In the **DCD**, go to **Management** > **Cloud Savings Plans**.
2\. Select **Create savings plan** and enter the following details:
* **Plan name:** Enter a name for your Savings Plan.
* **Start date:** *(optional)* You can choose a start date:
* If you select a date, the Savings Plans will begin at 00:00 UTC on that day.
* If you do not select a date, the Savings Plans begin at 00:00 UTC on the following day.
* **Product selection:** You can apply your customised Savings Plans to any of the listed products:
* [**Compute Engine - Dedicated Core Servers**](https://docs.ionos.com/cloud/compute-services/compute-engine/dedicated-core)
* [**Managed Kubernetes - Dedicated Core Node Pools**](https://docs.ionos.com/cloud/containers/managed-kubernetes)
* [**Nextcloud Workspace**](https://docs.ionos.com/cloud/sovereign-workplace/nextcloud-workspace)
* **Resources:** To create your plans, select the checkbox for each resource you want to cover: **Cores** and/or **RAM**. For each selection, define the amount the plan will cover. A separate plan will be created for each resource. Upon selecting the checkboxes, you can modify the number of resources using either the slider or the up-and-down arrow controls in the text box next to the slider.
* **Plan term:** Select either a one-year or three-year term for your Savings Plans based on your need.
* **Price per unit:** The optimized rate applied to each resource unit under the Savings Plans is displayed.
{% hint style="info" %}
**Info:** A summary of your plan will appear in the **Summary** section on the right side of the window. Active Savings Plans automatically bill any covered usage at the plan's rate throughout the term, providing cost predictability and savings. You can:
* View the cost per 30-day billing period by selecting **30 days**. For example, a resource's monthly cost is calculated by multiplying its unit price by the total hours used.
* Select **Total** to view the total accumulated cost for the duration of the plan.
{% endhint %}
* **Payment option:** Usage under the Savings Plans is billed monthly.
* Click **Cloud Savings Plan purchase conditions** to read the terms and conditions.
* Select the **I confirm I've read and agree to** checkbox when you agree with the terms and conditions.
{% hint style="info" %}
**Note:** Plan creation is possible only upon selecting the checkbox.
{% endhint %}
3\. Select **Create** to create your customized Savings Plans.
{% hint style="success" %}
**Result:** Your plan is created and listed in the **Cloud Savings Plans** overview with the **STATUS** set to **Starting soon**. You will also receive a confirmation email to your registered email address. The two confirmation boxes indicate that two separate plans are being created: one for RAM and other one for the number of CPU cores.
{% endhint %}
## Next Steps
After creating the Savings Plans, you can [edit only the plan's name](https://docs.ionos.com/cloud/set-up-ionos-cloud/management/usage/cloud-savings-plans/how-tos/modify-cloud-savings-plans-name) and [view all plans](https://docs.ionos.com/cloud/set-up-ionos-cloud/management/usage/cloud-savings-plans/how-tos/view-cloud-savings-plans) associated with your contract, but you cannot delete an existing plan.
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