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Best Products / Low budget - PC set up

Im on a really tight budget (250 - 500) and I've been doing a lot of research and it sounds to me like my best bet is the following three pieces of equipment:

1. multitrack Mixing software (download free)
2. PCI card (best sound per $ (vs. USB/firewire))
3. multi track connected directly into card (record 2 guitar, 1 bass, 2 vocal, drums)

BUILDING Studio- No Experience Need Help! $8000+ budget

Hi
I am building a home studio and need some advice on what pieces to buy. I need the computer, DAW, FM synth, audio interface, studio effects, guitar effects, instrument mic, large cardoid mic, a guitar, drum software which is compatible to be played with a Roland Vdrum series TD-3, a tube compressor and accessories.
So far, what I've got is:

Budget Studio Monitors?

Hey all,

I'm looking for a decent pair of studio monitors for some home recording. Are there any budget options that would help my setup sound good?

I'm using Tracktion 3 for my DAW and have an M-Audio ProFire 610.

I'm mainly recording electric guitar out of my amp and I will be adding more tracks with live instruments and some software synths.