Trying to build an ultra budget PC, would these components be okay together?

Nov 7, 2018
DIYPC MA08-BK Black USB 3.0 Micro-ATX Mini Tower Gaming Computer Case with Dual Fans

AMD Ryzen 3 2200G Quad Core AM4 Boxed Processor with Wraith Stealth Cooler

EVGA - BT 450 W 80+ Bronze Certified ATX Power Supply

ASRock AB350M AM4 AMD Promontory B350 SATA 6Gb/s USB 3.1 Micro ATX AMD Motherboard

Toshiba P300 1TB 7200RPM SATA III 6Gb/s 3.5" OEM Internal Hard Drive

G.Skill - Ripjaws V Series 8GB (2 x 4GB) DDR4-2133 Memory

$79.99 (CPU) + $64.99 (RAM) + $39.99 (MB) + $37.99 (HDD) + $29.99 (PSU) + $18.98 (case)
subtotal = $271.93 (includes rebates)

The main purpose of this build is for general family use. Mostly will be used for word, google docs, excel, and maybe some light gaming for little brother. Will these parts suffice for this purpose? Also, will I have to update the bios on the motherboard to be compatible with the CPU? And is there a point in waiting until black Friday to maybe get a discount on the RAM? Should I look at open-box or refurb options in my local micro center?

edit1: after looking at the open box and refurb options I found nothing useful. Also forgot to mention, the budget is $300.

edit2: I can also swap the HDD with a 240gb SSD for the same price but I'm not sure which option will be better and if the SSD benefits will make up for the 760gb (Inland - 240GB 2.5" Solid State Drive)

Thank you so much!