I have to use the save format of yymmdd, but I don’t like how this looks on the front-end, I want it to look something like August 2, 2018, not 20180802. Is it possible to change this?
I think you have a display format or output format when you create the acf date field.
If not you can use.
$newDateFormat = date("F j, Y",strtotime($oldDateFormat));