This is how you Set or Reset your Ad Spending Limit in your Facebook Ad Account.
What is an Ad Spending Limit?
An ad account spending limit is a limit on the amount your ad account can spend on all your campaigns. You can choose to have your ad account spending limit reset manually or automatically, for example at the end of the month.
If you're scared of overspending, then you need to watch this tutorial and set your ad spending limit. But before you begin, You have to be an admin of an ad account.
How to Set or Change an ad account spending limit:
1. Open your Facebook app, tap the menu icon at the bottom right and then tap Ads Manager.
2. Tap the settings icon at the top left.
3. Select your account and tap Billing & payments.
4. Scroll down and tap Account spending limit.
5. Tap Edit.
6. Tap Change.
7. Enter the limit you'd like to use.
8. Tap Save.
Note: If you get an error telling you that you've made too many changes to your ad account spending limit, try again in about an hour.
Learn more about ad account spending limit here:
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