The key to picking the best golf equipment is knowing what you need going into the process. The first thing you will want to do is take a lesson; it could be an introduction to the game or a refresher but it will help identify the areas you are going to want your new equipment to address.
Next, spend some time with a launch monitor and an experienced club fitter. This session will identify the characteristics necessary in your future equipment to maximize the potential of your game. You should come away with such information as flex requirements and bend profile for the shaft and lie angle for the clubhead.
Now that you know exactly what to buy golf club-wise you are going to want to prioritize what is most important if you are shopping on a budget. No sport has more gadgets than golf and decisions must be made. Is your money better spent on something potentially useful like a range finder or applied to upgrading the shaft on your driver for every tee shot you are going to hit for the next five years?
Buy quality. Golf clubs can last a lifetime. Components like Fujikura carbon-composite shafts will never wear out and will retain its swing properties for the life of the shaft. The same applies to most clubheads. If you are a regular golfer buy as much quality as you can afford. Using the parameters laid out in your custom fitting session test different clubs until you find clubs that are comfortable to swing.
Custom-fit clubs do not necessarily cost more than stock clubs; many times the price of the fitting is applied to the cost of the clubs that bring them in line with those on pro shop shelves. To start you on your journey check in with the Fujikura mobile fitting app to find a fitter near you.