Thanks for all the responses, ill let you know how it progresses, in part I like researching it more than i like playing, but i will have to try an get those macros set up properly and take them out for another session.

It sounds like if I spend a couple of hours gathering and killing for cloth I should probably be able to buy a few bags and the first levels of spells.

That dungeon link is great - looks like i can use it for a roadmap once i get them close to level 20.