for a first baitcaster try hittin walmart. they have some nice stuff that is fairly well priced. I paid $120 total for my abu garcia ambassadeur 2005 rod and reel. I think it was $70 for the reel and like $50 for a casting rod. (didn't buy the rod at walmart, though.) This is also one of the more expensive reels they sell...within the store at least. You can pickup some nice $100+ reels online. You can pickup a decent first baitcaster from there for as little as $40 or $50 for the reel. I wouldn't go cheap, though, as IMO it might cause you more problems than wanted, and you'd much rather have a nice reel that will function easily and keeps you hooked than buy a cheapie that breaks easily or has problems or isn't as easy to use (less bearings, gear ratio, etc.) and immediately turns you off of baitcasters. When mastered there's no comparison between them and spinning setups as you have a lot of power and backbone behind casts giving you much more distance and extremely improved accuracy.