I grabbed this razor years back after wanting something cheap to use for travel, and it's been good enough that I keep my antique gillette in the case. It's not a huge discount, but for those starting out in traditional wet shaving, a decent razor is a must.
Here's an example of my current kit to illustrate that you don't have to break the bank for a decent shave.
Proraso Shaving Brush, $30 delivered from Beard and Blade - the only other item I wouldn't skimp out on.
Kmart Speckled Small Bowl - $1.75 - honestly any small ceramic bowl works.
Jack the Barber Sandlewood Shaving Cream is currently on sale for 6 dollars, check out the ozbargain post here for more info/deals.
As for blades, I would reccomend getting a sample pack to see which kind you like, then buying a bulk lot of your favourite brand, for example amazon has 100 Blades, 16 different brands here (I'm not sure if this is a good deal, maybe someone can link a decent sampler pack in the comments?)
My preference for razors are the ASTRA Platinum Double Edge Safety Razor Blades, 100 Blades for $15.77 here
And that's been my basic kit for years now, and hopefully years in the future. Fingers crossed this long winded post is helpful, feel free to ask any questions.
Why use this when you can get those cartridge with 5 blades?