PineaPPle663 PineaPPle663 20-12-2018 Social Studies contestada HEEELLLPPPP MEEEEEHHH!!!! Why is a budget an important tool to use for effective personal money management? Question 3 options: It establishes a legal contract between you and a potential client. It helps guide you through purchasing a home. It creates a step-by-step plan to making profitable financial investments. It is a plan for spending and saving money.