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Getting started in beekeeping cheap, eh?
Is your husband good at woodworking?
---If so, he could build the hive equipment cheaper than you can buy it. I don't even bother painting my hives anymore. So you can save some time and money building them and skipping the painting.
Are there bears in the forests near you?
---Bears love to tear apart hives and eat the honey and brood (baby bees). They can decimate quite a few hives in a very small amount of time. I've heard of them wiping out entire bee yards. If you have bears, a good electric fence is a must!
Here is a list of things you will need:
Bees (obviously)
Bee Suit (with hat and veil)
---I prefer the bee suits that have a zippered veil (the veil zippers onto the suit).
Smoker
---You can use just about anything for fuel (small branches/twine/etc)
Hive tool
---buy two if you can. You never know when you'll lose one. I have three.
Hives and Supers
---Building your own is cheap, plans are on
www.beesource.com
Frames for your boxes
---10 per box
Queen excluder?
---not required, but highly recommended. Plastic ones are cheap. I use plastic ones.
Extracting Options: Extractors are nice to have, but you don't necessarily need one.
(1) If you can find another beekeeper in your area, you may be able to talk them into extracting for you. For a small fee of course.
(2) My first year I used plastic frames and scooped out the honey and wax with a spoon. I drained it through a screen to filter the honey from the wax. Extremely messy, but very cheap.
(3) You could do all cut-comb honey. Comb Honey sells for a lot of money! No need for an extractor, but its time consuming and messy to cut comb honey. Not sure if this would work for you, as you said you wanted the honey and wax.
I'll have to expand on this later, but its a start. I think I got most everything though. Hope it helps.