Great ideas ladies. There are plenty of free patterns on line so you do not have to buy patterns. You do not need all the "quilting gadgets" that are for sale. Do not buy speciality rulers since you regular ruler will do the job. do you own quilting- it may not be perfect for quilt show standards but as long as it is close enough so the batting does not migrate. it will work. KISS-Keep quilts sinple stupid- the more the elaborate the pattern the more fabric it takes due to the seam allowance. do not buy "stash" of fabric. Buy only fabric needed for te quilt you want to make. That way you are not storing fabric that you are not going to use right a way. If you can sew clothing for your kids you can save the scrpa pieces to make quilts.
All that said - no matter how you cut it- quilting is not a cheap hobby! quilting ia a expensive hobby. so maybe you might eed to not make as many quilts as you would like.