QUOTE (The strategiest @ Jul 27 2009, 04:10 PM)

Being new myself I can only make an opinion. I really like generals pencil brand, it makes the perfect line between quality and price. Though beware of brands that offer prices that are too low, as these pencils tend to be mostly wood and if you draw like I do, than they will be gone in a week. Look for a nice set with a realistic price and a full pencil set. I myself am fond of the "woodless" pencils that are pure lead, I highly recomend them!
As far as the brands go I really only think the difference of price here is paying for the name mostly. Colourlot is good for lower price and it works just as well Generals, but take advice from the adepts here... Anyway, good luck drawing!
Are you going to buy online or in a supply store like Michaels? If you have a Michaels near you, make sure to sign up for their newsletter/emails on their site first. A lot of the stuff in their store is pretty expensive compared to many online sites, but if you sign up for emails, they usually send out at least one or two 40-50 % off one item coupons each month. You can save a lot if buying a set. I agree that General's is a good brand to start out with. You can get nice results, and you can always try other brands later on....it won't be long until you need more.
If buying online, I recommend dickblick.com for selection and good prices. You can buy sets or individual pencils there. I have several brands, including Generals, Faber-Castell,...and most recently I purchased some individual Staedtler, Mars Lumograph pencils. I like all of them, but am really enjoying the smoothness of the lumograph pencils.
You also want to have something other than printer paper. A good choice on the lower priced end would be something like Strathmore or Canson. For drawing final illustrations, it's best not to go with any paper that is less than 80lb. If you like drawing in the smaller size ( like printer paper ) , Canson has a 9 x 12 drawing paper tablet that is a nice 111lb strength. They might make it in larger sizes, but I have not found it as of yet. If you want to pay a little more,...Stonehenge drawing papers are nice.
Really...there are so many types/brands out there, you might feel overwhelmed when you start shopping. Just set a budget for yourself to start, and if you really get back into the drawing again, you can always spend the money on the pricey stuff later on when you need more supplies.