As the first semester of college nears its end, it’s a great time to reevaluate your finances. Be honest: If Budgeting 101 was a course, would you be on your way to an A or dangerously close to flunking out? If the grade you’d give yourself isn’t one you’d be proud to show off to your parents, it may be time to reassess your budget.

Lucky for you, there’s still time to learn from those first semester mistakes and double down on smart money management moving forward. Use this winter break to study your spending habits, and return to school with a better college budget to finish out the semester strong. The following steps can help you identify some adjustments you can make to keep your spending on track.

Step 1: Figure out why you’re coming up short

Are there expenses that you didn’t anticipate, like campus membership fees or transportation costs? Are you getting a little carried away with the late-night take-out? The only way to understand why you blow through your budget before the month is out is to track your spending. You may be surprised at how small purchases eat away at your balance, or maybe you need to adjust your budget to better reflect the true costs of your campus.

Step 2: Evaluate if you’re using what you’re already paying for

For instance, if you’re on the campus meal plan, are you taking full advantage of it? If not, you’re paying for food that you’re not actually eating and buying other meals on top of it. Also, ask yourself if you really need the premium versions of streaming or music services and if you are even using them. Those pesky monthly fees can be wasteful if you’re too busy to utilize the services, especially during midterms and finals. You can save a few dollars by downgrading your subscription or canceling altogether.

Step 3: Look for areas where you can cut back your spending

The first semester is a whole new world, but now that you’re settled, you may be able to focus more on frugality. Maybe you can share food and toiletry costs with your roommate by buying in bulk, or perhaps you discovered some free resources on campus that you didn’t know about before. For example, see if your school has a ride-sharing program that can cut down on transportation costs. Your school might have free events and student discounts available as well, so find out before you pay full price for a night out. And of course, using a refillable water bottle and brewing your own coffee is a huge money saver. Those $4 lattes do add up over time!

Step 4: Think about ways to generate some income

Consider getting a job on campus (or nearby) or offering web design or tutoring services. Since you’ll be away at school and limited on space anyway, you might also want to sell things you don’t really need the next time you visit home; at school, you can sell used books once you’re done with them. From large and local online selling groups to second-hand stores and old-fashioned yard sales, there are a number of routes for unloading your gear that can help you build up your savings account in the process.

Step 5: Find a way to manage it all

Has managing your money and remembering to pay your bills on time been a challenge? If so, perhaps you need some tools to help you stay on top of your finances. For example, you can set up text alerts or e-mail notifications from your bank and any debit and credit cards to give you bill reminders or to warn you when your balance is low. There are also plenty of mobile apps that let you do everything from tracking your spending to storing coupons that could help you save at the grocery store.

Step 6: Seek help

If you’re really struggling with money, don’t wait until the problem is out of control. Talk with your parents or make an appointment with your school’s financial aid officer to discuss your options. Should they determine that you might come up short in the second semester because other funding didn’t come through, a private student loan might be worth considering. It’s always a good idea to look into undergraduate scholarship programs that you may be eligible for as well. You won’t know unless you ask.

Starting off with strong money habits in college will serve you well in life. Taking the time to check in with your finances and make the necessary adjustments will help you make better decisions moving forward. If you didn’t have your budget under control during first semester, now’s the time to make some changes.