Can I put a budget on a Windows Azure account?

Daniel Victoria asked:

I’m organising Windows Azure training and need to prepare a budget for such a course. Unfortunately, I haven’t been able to find a way to limit the number of running instances, usage of the different resources. Can I somehow set a budget on an account as in Google App Engine to prevent abuse from students?

Any suggestions are welcomed

My answer:

New Windows Azure customers have a spending limit of $0.00 applied to their accounts. You can change this amount to any dollar amount you wish. If your balance exceeds the spending limit, all your instances will be shut down for the remainder of the billing cycle, and all of your data will be read-only.

You can also remove the spending limit entirely and re-enable it starting with the following billing cycle.

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