As far as the $120 set, My first set cost the same at Walmart. My current set cost around $160(Knight Virage). I hit them just as well as a lot of guys I golf with that have more expensive sets. The only thing I find with a cheap set is the drivers don't seem to be very good, so you might want to pick up a good driver on sale at a golf store.

Like one of the other guys said, you can get a utility wood at Walmart. Not sure what your local Walmart carries, but here they have some of the cheaper Topflite stuff.

Wrist cock is very important. Check out the link for the right hand drill that lgskywalker37 gave you in an earlier post. Greg has some other lessons you can access at that same link that might also be helpful.

Also, at the top of this webpage there is a link to Golf Lessons. Check them out.

Most of all, keep asking questions on GTO. These guys have helped my game out quite a bit and I'm sure they'll do the same for you.

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Golf is a game of inches. 36 inches = 1 yard
I think you put that one about 2160 inches too far right. LOL

Classic Tour Highly High Bore (Cleveland HiBore clone) 10.5 degree, Gramman TP440 stiff 3.5 torque shaft
KZG Maraging Power 9.5 degree steel shaft #1 "fairway wood"
Knight Virage woods, irons and wedges
Knight putter
Cheapest double titanium balls I can find. lol