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In addition to aiding with budgeting, this practice gives them a better idea of how much money they are truly earning from these side projects. Clearly defining goals for the use of earned money is another crucial component of financial management. Setting clear goals for their money-making endeavors can encourage students to continue saving for textbooks, repaying student loans, or financing extracurricular activities. Students who use budgeting apps or tools can also keep an eye on their spending patterns and make sure they are maximizing their income. Students can transform their side projects into significant contributions to their overall financial well-being by practicing proactive money management. As with any endeavor, there are benefits & drawbacks to students using money-making apps.