It does sound like a Video Card issue, though if your RAM is crap it would yield the same results. When you turn the PC on does it actually turn on? What kind of sounds does it make? Anything else noteable other than it doesn't show a picture on the monitor?
And yeah, you're getting reamed hard dude. Check out
www.newegg.com, good prices, and building a PC is pretty much "cakewalk" hehe

There's pretty much only one place things plug in, and when there is more than one option, a few pointers and you are well on your way to PC building freedom. The manuals for Mobos are available on the manufacturers website and those are always more informative than the included paper versions. The entire motherboard layout is included in the manual with a description of each pin and what it's for, etc.
To start off I'd look over a detailed manual and familiarize yourself with a few key pieces. Mainly the front panel pins, for the HD LEDs the power and reset button, etc. With the board installed these are usually the pins at the bottom right, the wires going to the inside front of your case go there.
There will be 2 IDE ports on the board, one for harddrive, one for CDRom, the manual will state which is which. Using two CDRoms, set the pin configuration on the back of each drive to "cable select" then using the appropriate calbe, plug the "master" plug into one drive, and the "secondary" or "slave" plug into the second, same with IDE harddrives.
Make sure the socket type of the CPU is compatible with the board's socket,
get a cpu cooler.
AGP slots on the board are typically video card related with the exception of PCI Express which is the growing fad these days.
PCI slots are pretty much for everything else
RAM - If using multiple sticks, try to stick with same brand, same speed, same capacity (Example: Rosewill 512mb PC3200) Make sure the RAM sticks (and everything else) are seated properly in their slots.
If it has a 4pin molex connector it needs to be plugged into the power supply
If your case has places for a fan/s, make sure there is one there. Don't ignore the ability of your case/fans to keep your hardware cool.
If there is a hole in a piece of hardware, and it lines up with a hole somewhere in the case, it's probably a good idea to put a screw in it.
What you have to have:
Mobo
CPU/fan
Harddrive
Ram
CDRom
Case/fans
Power Supply
screws for all of the above (should come with the mobo and/or case)
cables to connect all of the above (each piece should come with generic cables but sometimes they don't)
All the extra shit is just that, extra shit, add and take away at your desire.
Feel free to PM me if you decide to take the plunge and build from scratch, not that I am teh uber PC building guru but I've got a few boxes under my belt, and I'd be more than happy to help out.