That is a HUGE question! You need to provide some more information before anyone can start giving concrete answers- we all would need to know 2 basic pieces of information as follows just to get started in pointing in some directions:
1) What do you consider limited dollars? A couple hundred, a couple thousand?
2) How serious are you about recording?
You can get some pretty decent recordings just by plugging into the soundcard of your computer- take a listen to the latest song I posted-http://www.guitarforbeginners.com/forum/showthread.php?t=9720 That was done by plugging in my acoustic/electric straight into the card, and the vocals were done on a chintzy microphone from a karaoke machine. The software that I use is PowerTracks ProAudio from
www.pgmusic.com . It has a ton of features, has a very forum community to help and share with, and is less than $100. There are quite a few good free programs out there like Audacity, Kristal, etc. I like PTPA because of the real time effects controls and mixing.
So anyways, if you provide more information, I'm sure you'll get some direction. Also, don't forget to read the threads in the recording studio portion of the forum:
http://www.guitarforbeginners.com/fo...splay.php?f=47