Here's my set. I've spent Money on the clubs that I think are most important for a 20 handicapper newcomer, The 3 wood, Irons and putter.
I spent £50 (or best offer) on a top spec Callaway 3 wood. This will give his bag a look of quality and he will benefit greatly from a 3 wood from the easy to hit Callaway family. The bonus is this is titanium and has a great uprated shaft, The ProLaunch Blue in reg. Which will help him get the ball airbourne & this will be the club he uses from the tee on most par 4's & 5's until he gets his handicap down.
I Spent £70 (or best offer) on a set of Adams GT Tight lies irons. 3-SW which includes a Tom Watson sand Wedge. These are a quality set of easy to hit cavity's that should get him off on the right foot.
I spent £29.99 on an Odyssey Dual force 330. Traditional Heel Toe weighted with a firm insert quality putter & good to develop a nice stroke with.
I've gone for a cheap Lob wedge & driver as a 20 handicapper shouldn't really be using them much anyhow. The driver is 11.5 degrees and 450cc just in case he does have an ego trip and tries using it he will have at least half a chance . The hybrid is also cheap but you have to sacrifice something for that top 3 wood!!!
Putter £29.99
http://cgi.ebay.co.uk/ODYSSEY-DUAL-FORCE-330-PUTTER-33-WITH-NEW-ODYSSEY-GRIP_W0QQitemZ300166802641QQihZ020QQcategoryZ11528 0QQssPageNameZWDVWQQrdZ1QQcmdZViewItem
Driver £12.99
http://cgi.ebay.co.uk/Dunlop-65i-X-Titanium-Driver-11-5-Loft-450cc-R-Hand_W0QQitemZ180175077306QQihZ008QQcategoryZ11528 0QQssPageNameZWDVWQQrdZ1QQcmdZViewItem
3 Wood £50.00
http://cgi.ebay.co.uk/CALLAWAY-GREAT-BIG-BERTHA-HAWK-EYE-3-WOOD-MUST-SEE_W0QQitemZ260175365275QQihZ016QQcategoryZ115280 QQssPageNameZWDVWQQrdZ1QQcmdZViewItem
Irons 3-sw £70.00
http://cgi.ebay.co.uk/ADAMS-GOLF-GT-TIGHT-LIES-IRONS-3-SW-STEEL-MUST-SEE_W0QQitemZ260175353687QQihZ016QQcategoryZ115280 QQssPageNameZWDVWQQrdZ1QQcmdZViewItem
hybrid £6.00
http://cgi.ebay.co.uk/HOWSON-COMP-PLUS-18-DEGREE-RESCUE-HYBRID-GRAPHITE-SHAFT_W0QQitemZ220165822542QQihZ012QQcategoryZ1152 80QQssPageNameZWDVWQQrdZ1QQcmdZViewItem
lob wedge £5.99
http://cgi.ebay.co.uk/New-Texan-Gun-Metal-Lob-Wedge-Golf-Club-60-Degree-RH_W0QQitemZ290175277209QQihZ019QQcategoryZ115280Q QssPageNameZWDVWQQrdZ1QQcmdZViewItem Total £174.97