We have confirmed reports of Google beta testing a new AdWords budgeting option. The budgeting option is named “Timeframe” and gives advertisers the ability to budget by month or by day. The help document explains this a bit better.

The difference between monthly and daily is described as:

AdWordsAdvisor, the official Google representative, at WebmasterWorld confirmed the new budgeting option, saying:

Are you seeing the option? Will you be giving it a try? Let us know.

Forum discussion at WebmasterWorld.