Hi,

I see where your budget is $300 max. Here is what I would do>

1. Buy the M-Audio Fast Track II USB interface. This is a great little unit that provides Mic and Line input with direct monitering, solid ASIO driver and good sound for about $120.

2. Get Cakewalk's product "Music Creator 5". I believe it might be sold here at PG music online. Around $35, you can record all your tracks, comes with good softsynths, etc. This is the cheapest DAW around that I know of.

3. Get the Shure SM-58 Microphone. You can find one used online for less than $100. It will sound great with your sax, use the line input on the Fast track for your guitar.

Pro results for less money!

Hope that helps,
Ed