I'm with Sambo, you say it's your first but looks like you're trying to build your ultimate straight off. As other's have stated - shopping around will save you a bundle and remember that a lot of things 'luthier' are just tools that suit guitar making and as such can be brought for much less from normal tool suppliers - a quick eg: before i started pressing frets i used a 16oz dead blow hammer that cost me £3.75 from my local hardware shop - works great and a lot cheaper than SM's !
Oh, also a much stated point - only buy tools etc when you NEED them, not because it's written somewhere that you must have them. There's many here who like myself made their first neck with nothing more than a surform, sandpaper and a lot of sweat and swearing ....................in fact i still do !
Jem
Oh, and i echo - what gave the idea it would be cheap ?!?!?!