So how much am i looking to spend on all this for a begginer?
lol you sound alot like me a few months back. Starting to take audio serious and all. I felt exactly the same as you.
Ok since i dont live in the states i dont know what the local prices are. When some of the other read this thread they will throw several setups your way and argue till the sun comes up about which they think is better.
In my opinion i really like the wharfedale diamond 9 range. But around here a real popular brand is SVS.
With regards to a receiver i got a pioneer vsx 517. Does 5.1 at 90W per channel. Its a pretty sturdy little thing and it cost bugger all.
It all depends you can go as crazy as you like there are book shelves which will set you back thousands and some that only set you back a few hundered. How much are you looking to spend ?? The Audioholics store is a good place to start. Have a look at the prices there.
For the receiver if you dont want HDMI connections its safe to go with a cheaper model. the YAMAHA and PIONEER receivers are pretty good in my eyes if you are only starting out.