I assume you already have gear? If not, on that kind of shoe-string budget I hope you're not planning on buying a 2nd hand ffm helmet and start riding in jeans, work shoes and your unworn for several years "omfg I can't beleive I used to like Michael Jackson" leather jacket.
Best advice dished out from this site = don't even think about getting bike unless you can afford proper gear.
(Actually I think the best advice dished out from this site was:
"Resist the urge to open the oven door and peek for at least the first 25 minutes of the baking time for a full-sized souffle." )
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