Cool, the more guitarplayers, the better. Join the club, brother
Anyway, first of all, I'd like to say, that's it's always better to learn the basics, like chords, strumming, picking, fingerpicking, scales, etc, on an acoustic guitar. Sure, it has less balls, but once you make the leap over to electric guitar, it will be much easier, and your fingers will adjust fluently to an electric guitar.
Having said this, everyone knows, owning a guitar automatically makes you cooler, and since guitarplaying is 75% sound, you'll need a nice sounding guitar and amp.
Some good beginner guitars, which are pretty cheap, but still sound and play okay, are London City guitars. They have strat, PRS and tele models, which all sound pretty nice for their price.
Yamaha Pacifica guitars are pretty cheap and have quite a good sound, especially for beginners.
Some, and I do mean SOME, Fender Squiers are okay, but as with every guitar you want to buy, you'll have to play on them to get the feeling and listen to the sound.
Some people will recommend you Epiphones, but I'm not a big fan of those. Especially when you're learning more and more on your guitar, and want to get more stuff out of your sound, an Epiphone will disappoint you pretty soon. (especially when you hear or play your first Gibson Les Paul customshop or Fender relic/customshop).
As for your first amp.. this is a whole different area. I can't think of many cheap amps to start on. I'd always say, buy a nice 30 watt Fender combo, and start on that. A lot of guitarplayers buy effects pedals and processors when they start playing. This is a not a good idea. I'd recommend everyone to start playing with just your guitar, a cable and your amp. Figure out your pickups, the strings, tone and volume knob, etc. Once you control all your guitar elements, then it could be time for some effects, like delay or a tube-screamer. God... it's really obvious that I'm a teacher, right? ... urgh
Good luck in buying your new axe, and with learning to play guitar. First couple of months are always hell, and people will tell you to 'please, stop playing!', but fuck 'em... Everyone has to start somewhere.
If you have any more questions about buying, learning, repairing your guitar, I'd be happy to try and answer them.
Hopefully this is some useful information.