I bought my recording equipment on a shoestring budget. Including all the instruments, etc., let’s see…
12 channel mixer (for all my analog goodies - plus I get a nifty “mute” button) - $170
Headphones (junk) - $30
Presonus 4.5 monitors - $200 (plus I bought stands for about $50 - better stands cost more money, but get better acoustic results, but that’s a whooooooole topic in of itself)
Rode NT1A - $200 (Plus the stand was about $25, but does not support the weight of the mic, so I had to improvise. Get a decent stand if you plan to mount a heavy mic!)
Focusrite Scarlet interface (to reduce latency from the analog gear) - $160
Arturia MKII 49 MIDI - $400
OK, that was hardware. Then I had to get software to record the stuff.
Ableton Live Standard ~ $300
A ton of plugins that are varied in price, but I got the Waves bundle, Soundtoys rack, and a few others here and there. Although you can go very far with the bundled plugins! I do not even want to contemplate what I spent on plugins. It’s insane.
Tons of loops, premade midi, etc. Those are advertised all over the place. Ghosthack, etc. Those are pricey for what you get, and I am guessing you can recreate a lot of the stuff included. I am lazy, and lazy is costly.
The full version of Analog Lab, plus got a few other standalones as they were released. As an owner of the hardware, I got really, really nice discounts on the new software.
Toon track Superior Drummer 3. That was pricey, about $300. But having a nice beat is helpful for bass, amirite?
Toontrack EZBass. Some love this plugin. I bought it, tried it, and hated it. Articulation is a real pain. It was about $100. I simply opted to buy a real bass instead.
Edit: One more thing. If you plan to record a lot of tracks and use a lot of plugins, you will need a decent computer. There’s simply no way around it. In my opinion, the technology will get better, and more can be done at once. Music recording has come very far, yet has a long way to go. So be prepared to plunk some money on a decent computer CPU.