A lot of people don't realize that Reserved Instnaces don't show up on your monthly invoice. So once every 3 years you're hit by a large bill for RI renewal.
Figuring out how/if it's used is really convoluted. And getting out early is a pain.
> You can choose to pay for your Reserved Instance upfront, partially upfront, or monthly
source: https://docs.aws.amazon.com/AWSEC2/latest/UserGuide/concepts...
Long story short, only play 1 year full upfront.