My first bike was a Cannondale Synapse Alloy, picked up for 700
pedals 20$ off craigslist (eventually replaced with 105 pedals)
30$ computer (eventually replaces w/a garmin 500)
50$ bike stand
15 dollars for a bottle & cage
20$ Mavic craigslist shoes (eventually replaces w/mavic galibers)
40$ shorts (eventually got more)
30$ jersey (ditto)
15$ frame pump (highly recomend the pocket rocket)
25$ saddlebag/levers/spare tube
30$ on blinky lights