I have to say, i am an expert at things on the cheap. once you do the research and decide on your shaft vendor consider the following ideas.
My very first set of woodies i simply cut to length with a knife, tapered the shafts with a super cheap pencil sharpener style taper tool, stained with what i had in the garage, kncked with white knocks, fletched with feathers i bought but borrowed a feather chopper and then put 125 grain field points. i never put a finish on those arrows. nor did i crown dip of crest them. funny thing is that those arrows lasted me for 10 years. they flew the best of any arrows i ever made.
If you have any questions feel free to drop me a line. Good luck, Jack