PaPa,
Like others have said - This isn't the cheapest hobby to get into. However, if you make a point of purchasing quality equipment for your first plane (radio and engine), you can use it again and again in your later planes.
The most expensive parts are the radios and engines. If the receiver is properly protected from vibration and the batteries are cared for it will last for years. Even through some of the most extreme crashes (just don't get them wet). The engines are extremely tough as well. A spinner will absorb alot of the impact in a crash, helping to protect your $$$$ investment.
I find the most expensive part of this hobby is the constant desire to add to your collection of planes

I have known pilots with over 100 planes in their house! Must be nice to have that much dough... If you are limited by your budget, just remember to resist the urge to buy more planes, and execise plenty of caution when trying new things with your plane. Have an expert nearby to help you learn your manouvers, rather than crashing your plane. Also, watch others and learn from their mistakes... their mistakes don't cost you a cent.