Congrats Mighty D Young, You have taken the first step. Great advice by all so far. I will throw in my $.02 as well.

First off, small plants use very little water. Too much water and your plant will die. I water my seedlings every 3-4 days. Also if using tap water allow it to sit out for at least 24 hrs.

Seeing as how you are on a tight budget stick to the cfl's for veg state. Maybe up the lumens and add a reflector to focus the light towards the plant. Since you have no clue to the sex of the plant yet investing in flowering lights may be a bit premature. A timer to run your lights would be a great investment as well. I run 20 hrs. on and 4 hrs. off during veg.