Keep it simple
I'm with Whalon. You could go get the best equipment money could buy and catch the same amount of fish that you would with the cheapest.
It all depends on how you plan to fish. Different techniques call for different equipment and usually if you specialize in a technique you can spend some pretty serious money.
I would start with a simple 5 1/2 ft spincast combo. Something ultra-light to light. SPool it with 4 or 6 lb line. If there is a part of the equipment that you should not skimp on, its the line. Read on here what other people use. Buy the best you can afford. Does no good to have a great spincasting outfit and the best hand tied jigs in the world if your line is inferior.
As far as bait is concerned. Many use live bait, can't beat it because it is natural. As you read on here, you will notice again that different methods call for different baits and presentations. Many people get the same results but use totally different techniques and baits. Like many, you will drift towards a favorite method, bait, and presentation for the different seasons.
Lastly, have fun whatever you are fishing for. It isn't all about the catch, or how much you spend on a fishing trip of a life time. Stop and enjoy it, the memories are priceless and no $200.00 combo spooled with the most expensive line attached to the most elite of lures can take the place of the sheer passion of pursuit.
Search this board, everybody here has tons of knowledge!
twister
Mistertwister
Here crappie, crappie, crappie, crappie......:D :D :D