An important thought for many high school graduates is how much money they will need for their first year at college. Although this amount varies from person to person, the expenses are generally the same. Some major expenses to consider are who will pay for gas if the child has a car or who will pay for their phone bill. It is also to be expected that expenses will be more at the beginning of the school year and at the beginning of the college experience. Other costs are book fee which can be extremely expensive as well as parking passes. Besides this, students may need money for gifts for friends, for tolls or other expenses during traveling, and new clothes or essential hygienic products. Food is another major expense because not only do students go out to eat every now and then, they also have to pay for meal plans or pay for buying their own food from the grocery store. Although most students don’t turn 21 until their junior or senior year, many college students of all ages spend a significant amount of money going to parties or the bars. Although small purchases such as buying an outfit or movie ticket here or there eventually add up and can create financial issues if not budgeted for correctly.