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U 16s home studio

I have been told that i will get £370 if i get all A on my exams this year and i will also get above £100 for my bday. Thjis brings my total to £500. I was hoping to set up an anolog home studo as that is the way i got taught in music.

This is mainly for me and my band and this is wat i have already and what i want to get

Guitars & amp
Td-3 electronic drums with midi
Soundcard with 4 inputs and 2 outputs, midi and rca inputs
Cubase 4 software from uncle

I need to buy
Monitors
Anolog mixer
Microphone for amp (not nessecary)
compressor

I was wondering what would be the best things to buy and thanks in advance
x