Well the guitar is a good choice, but your gonna have to hold out a bit more for the amp. If your playing punk or rock your gonna need an amp that gets you louder than the drummer playing the punk and rock, and everyone needs headroom. I would say, save up some more, maybe sell some gear that you never use, and buy an amp that will work for you. Try never to go for whatever will just get the job done, buy more, if you need it then GREAT, if not, then at least you know its there.