What all do i need to make a home recording studio?

Search for 'usb audio interface' or 'usb recording interface'. They often come bundled with stripped down versions of multitrack recording software. Examples are Cubase Elements or Pro Tools LE. You will need this type of software to mix several tracks together.

Hi Mallory, You can get a home studio started really quickly. Some folks recommend Audacity for the software, and because it's free (and a great deal for the price). But I recommend downloading Reaper. You can take as long as you like to evaluate it and it won't stop working. If you decide to purchase it, the license is only $60. Once you start making $20K a year with it, they expect you to get the $250 Professional license, but the software is the same either way. They are very cool. About the mic, get a decent USB mic to start, which is great bang-for-the-buck since you won't need a separate audio interface. The mic does the digital conversion by itself and plugs right into a USB port. Start out with a Samson Q1U for about $47. IF that gives you too much hiss for your liking, move to a USB mic that can do 24 bit conversion, such as the MXL Studio 24 USB Microphone for $149.99. Also, you were right about a mic stand, headphones and pop filter. Get a boom stand and I recommend closed-back headphones so when you overdub, the earlier tracks won't bleed out of the cups and into the mic. Hope that helps! Ken

money

And lots more money.