I will second that a fiber optic sight is a must have. You should be able to get one for about $35

You do not need to spend a lot of money. People killed a lot of deer before Bowtech came along. The new technology is nice, but bowhunting is about handicapping yourself, otherwise you'd use a gun. You get to spend more time afield.

I recommend carbon arrows, because they are much more durable than aluminum. Cost more, but they are a better buy. I also like a block type target better than a bag type. My bow blows right through the bag. For broadheads, You can't go wrong with Muzzy, and I think Magnus stingers would be great too. No matter what, they should be sharp.

So to sum up, dont skimp on the arrows, or target, or broadheads.

If you get a release, get one that fits, but don't be afraid to shoot with fingers if your bow will work that way.