If you're on a low budget and looking for a good combination that makes for some exciting action then I'd like to share the combination that I've used for the last 7 years. I've put a many a bluegill (brim), redear (shellcracker), crappie (sacalait), warmouth (goggle-eye) and bass (green trout) in the cooler or bucket with this combination. The combination will allow you to throw 1/32, 1/80, etc... a good distance. All together around $50.00.

Mitchell Avocet IV Silver Spinning Reel $19.99
Shakespeare® Micro Series Spinning Rod 7ft $19.99
SpiderWire® EZ Mono 4lb test $6.79