So, if you want to do this as a hobby and not just as a passing whim......

I recommend the following.

Audio interface that uses ASIO drivers and has phantom power and audio preamps. Avoid the proprietary stuff.
One halfway decent condenser mic. One mic will do the guitar as well as the vocals easily.
Either a set of 5" monitors or a set of the Sony MDR 7506 headphones. You will need the headphones to record with mics anyway. The Sonys are decent enough to mix with.
A copy of Band in a Box that gets you started. I always recommend buying as far up the list as you can afford. But you can get started on the basic version and upgrade later.
A DAW. Band in a Box (BB) comes with Real Band ( the Windows version) which is a free DAW packaged with BB. Or any other DAW that you want.
Obviously, a modern computer running a Windows 64bit OS.

That gets you started. All of that is easily obtained for under $1000. Depending on where you shop and if you buy new or working used gear, that price can be significantly lower.

When you get started, there's a lot of knowledgeable people here willing to help and answer your questions.

You can find my music at:
www.herbhartley.com
Add nothing that adds nothing to the music.
You can make excuses or you can make progress but not both.

The magic you are looking for is in the work you are avoiding.