You are correct that the budget is somewhere between, let's say around $500 for the whole set, and frankly I would be happy to stay under. I am not looking to get top of the line stuff, frankly I'm not that good nor do I play enough to justify that kind of expense... also I don't have that kind of money anyway.
As you can see everything I have, minus the driver, could be found in as all-in-one starter golf set, and a couple aren't even THAT good. Plus NOTHING has been fit for me and I am a short guy at 5'5". I lucked out that the driver was already made for a shorter person. So while, like I said, I'm not looking for brand new top of the line, I would like something a little better than one of the all-in-one golf sets you find at any sporting goods store. I am COMPLETELY fine with used, lines from several years ago, and non-major brand stuff... I don't have a burning desire to walk onto the course with brand new Callaways or TaylorMades.