I bank fish and only use one rod. It's a $180 setup so it's not gonna break the budget and I love my reel. The rod I'm trying to sell or trade for a cork handle because I'm not a foam grip fan after using one for a while.
It's more along the lines of if you have the money, you will have more equipment. Trust me, if you get into fishing, you will be wanting to buy a lot more equipment and tackle whether you have the money for it or not. When you're walking through BPS or Acadamy or something and you see a nice reel and find a nice rod to go with it right after, you'll be wanting to save your money up to buy it.