Keep it simple at first.
I'd go with this:
A good rod is the Tica UGSA Dolphin series like the UGSA90MH2S 9'0" MH Surf Spin 12 - 30lb line 2 - 6oz lure weight 2pcs for $70.00 and for a reel a Shimano Spheros 8000 for $100 and for waders just browse the Cabelas website for something in your budget.
This will cost you under $3 bills and you'll have a great plugging setup.
