First Budget Build

[Nationofme]

I haven't built a computer before but I'm doing so and I thought Id share the setup with you guys to see what you think about it,

Motherboard:Gigabyte GA-Z77M-D3H-MVP
CPU:Intel Core i5-4670
RAM:Ballistix 8GB DDR3 1600MHz
Storage:1TB 7200 RPM 64Mb Cache

It isn't complete yet but I'll save up for a GPU and I'm using an eMachine W34000 case.

 

[HumdrumPenguin]

Don't hold too much on the motherboard. You'll regret later since there won't be space for upgrades. The one of your choice is too simple. What about this:

Mobo: Asrock z87 extreme 4
CPU: I5 4670k (get the k edition, it allows you to overclock it, and it's a very easy cpu to overclock, especially if you water cool it.
RAM: I like to recommend G.SKILL or Corsair as brands for RAM, 8gb 1600mhz is ok too, but don't get anything less than that.
Storage: Good too, but if there's any possibility of getting a SSD 120/240, 128/256gb, get one. Will do wonders for your system.
When choosing the VGA, remember to get a PSU that can hold it well. If you're into gaming, try to get a GTX 760 or better (I personally prefer nvidia over amd for graphic chips).
When looking into the psu, remember, wattage is not the only important thing.
Case: I always like to recommend the Coller Master HAF series, they have a nice air flow inside. I use the HAF XM and it has lots of space inside.
And if you're still on the budget, get yourself a nice mouse, mouse pad and keyboard, helps a lot when gaming.