Can you get a VGA 'Y' splitter so i could have my monitor and tv hooked up simultaneously? Maybe i'll upgrade my graphics card.
Yes you can, however, if you are splitting the same output to two different monitors at the same time remember that the computer will only output one resolution from each VGA output it has. I’m not sure if any splitters can change the resolution for you and if they can probably cost more than it’s worth. Better just to buy a new video card I think.
If you want to run dual monitors you need two outputs one each from two video cards or one card with two outputs. This allows each monitor to act as a separate desk top sort of.
If you don’t plan to run both monitors at the same time you can get a switcher that will allow you to switch one output between monitors but you will have to change the resolution each time you switch.
On the back of my computer there are three headphone type jacks, red, blue, and green. On the front there is one red and one green. I don't see how this is 7.1 but it says it is?
Each of these jacks caries multiple audio channels I thought it was two but your documentation should explain how they are configured. I didn’t see a manual on the link you provided or I would point you to it. I used a 3.5 male mini-jack to female RCA cord then hooked to it a male RCA Y to two male RCA jacks to hook up to the receiver‘s inputs. In my case each jack carried two channels. It took some trial and error for me as my documentation was a little sketchy.
Hopefully someone with a little more experience can offer more help.