Definitely invest your time first if you're a beginner. Knowledge and experience are crucial.
But yeah, these days you'll need much more money for decent names. Times for sniping quality names in $XX range have passed.
Also you need strategy, like quantity over quality, flipping or retail sales, etc.
Either way it's usually a waiting game with all names, so don't rush.
Ask questions, use appraisal section an so on.
It's not money budget..its.your available time budget. and that's about 1000h min of read and learn
..here and namebio will do it. u need not waste yer time elsewhere. after 1000h u can reg some Names or buy some...