Cleaning up my grammar reason for mass edit:
There are very knowledgeable people here..some have so much under there belts they can overwhelm you with info...and totally forget what its like to be a noob.
Since money is tight. You have all you need minus sand, rock, and skimmer. My advise from a newbie. Get a very very good skimmer. Its so important you do that.
The advise I received from Paul at indoor reef. Get CPR brands or Coral Life. Coral Life are fair priced and do work very well. They sit in sumps or hang on the back. If you do look into a Coral Life Needle Wheel. Get the 125 gallon or higher. Reef tanks really need good skimmers. You said you want SPS corals and all that...well. Get a very very good skimmer. That is key for a coral tank.
In reef frontiers the most common Skimmer I see preached is Octopus...Personally I dont know anything about them...but they seem to be the most desired.
You may also consider getting a refugium and top off system later. DonW a member here has been the most helpful person here for me. I want to shamelessly plug his company
http://www.reefwerks.com/
You may find his products usefull.
From one newbie to the other:
Don't get overwhelmed or ahead of yourself with all the info in RF. Its a great resource but can overwhelm you to.
Your only priority right now is just starting up your tank...worry about what corals and chemistry etc etc later..... RF has great people here who answer quickly when you have advanced questions later.
So just get the tank up first:
My advise 3 tanks later ... Its best to start off proper and be patient (spelling?).
Get 50% live sand to seed your sand or crushed coral bed.... Get 1lb per gallon of live rock (rule of thumb) but not critical if you don't do that. use RO/DI water. Avoid tap like the plague if you can ok. Instant Ocean Salt is top notch also.
Set up your tank...dont stock it for a month....if you want a small jump start ...add one fish...I call suicide cycle fish...Damsels =).... Just one.
Then watch the algae display as you cycle and wait it out till your tank becomes stable.