How can I become better at bidding & budgeting for my social media campaigns?

Daily budgets on Facebook means...
Average amount I'm willing to spend every day an ad runs
The amount I'm willing to spend over the entire run-time of an ad
Average amount I'm willing to spend on specific hours of a week
Lifetime budgets on Facebook means...
Average amount I'm willing to spend every day an ad runs
Average amount I'm willing to spend per day, over the entire run-time of an ad
The amount I'm willing to spend over the entire run-time of an ad
For limited budgets, the recommended bid strategy is...
Cost Cap
Bid Cap
Lowest cost
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