I personally invest in quality equipment but I was also a serious fisherman. I have somewhere around 20-30 rods and reels, from ultralight to heavy boat rods.
I see no sense in investing in quality equipment the first few times you go out. By the same token, you will have less equipment and tackle problems. I do have a couple of cheap setups and believe it or not they have lasted for several years. When I fish for keepers I only use my quality equipment. When I fish for fun I use anything I happen to grab up.
Spider wire is especially limp and very thin. Ideal for the experienced person as is braided line. I don't recommend it due to the price and being a first outing. If you get bit by the fishing bug, then by all means invest in it and a quality reel. For now, don't get the cheapest, try to get middle-of-the-road priced line and equipment.
Because I used to fish quite heavily and often participated in tournaments, I wouldn't blink an eye at at spending $200 on a rod and another $150 for reel. But that's to be expected when you can literally walk to a place to fish and practice.
Learn and use the Palomar knot - quick, easy and can be ties with wet, cold hands.
http://www.animatedknots.com/indexfishing.php