Daily vs. Lifetime Budget: Which Should You Choose?

May 25, 2024 at 5:01:01 PM

TL;DR Advertisers can choose between daily and lifetime budgets for their ad sets. A daily budget sets a daily spending average, offering flexibility without requiring an end date. A lifetime budget sets a total spending limit, allowing for even distribution and scheduled ads. A hybrid approach combines both, using a daily budget with a campaign spending limit. The choice depends on personal preference, with no inherent advantage to either method.

Daily vs. Lifetime Budget: Which Should You Choose?

Advertisers can choose between a daily budget or a lifetime budget for their Facebook campaigns.

Daily Budgets:

  • Set a daily spending amount.
  • Meta may spend slightly more on some days to take advantage of opportunities but maintains a weekly average.
  • No end date is required.

Lifetime Budgets:

  • Set a total spending amount for the entire duration of the ad set.
  • Budget is spread out evenly, with potential for higher spending on certain days to capitalize on opportunities.
  • Allows for day parting (running ads on specific days/times).

Hybrid Approach:

  • Use a daily budget with a Campaign Spending Limit to combine benefits of both methods.
  • Allows for daily spending control while capping total spend.
  • Limit can be adjusted as needed.

Personal Preference:

  • The choice between daily and lifetime budgets is mostly personal.
  • The author prefers daily budgets for better daily spending expectations and flexibility in extending high-performing ad sets.

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Jon Loomer
Jon Loomer

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Top Meta Ads Creator

Jon Loomer is a Top Meta Ads Creator. Part of Swipe Insight Select, a curated list of top creators.

Top Meta Ads Creator
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