Noob Question

[ELCowboy]

I would like to get a home game started, but I'm a super cheap college student who would much rather spend his money on beer, poker books, and buy-ins at the local B&M than on poker tables and chips. I have a 300 chip set of 75 chips each with four colors. I understand that this is an incredibly low amount of chips, as all I have read recomends at least 500-1000 chips to start a home game.

I would like to get a .10/.20 NLHE game going with a $10.00 buy-in. Four out of the five regulars I plan on playing with are far from serious poker players, so I don't think they would mind playing with 50 BB.

I plan on the following buy-in structure per person:

10 Blue @.10/each for total of $1.00
13 Red/Orange @ .50 each for total of $6.50
1 Green @ 2.50 each for total of $2.50

I plan on allowing players to re-buy in $5.00 increments up to $10.00 when they go busto. I will let people re-buy from others at the table but the seller must exchange the cash for green chips to discourage the seller from going south.

What do you guys think about this structure? Should I just stick to tournaments? Any other suggestions? Thanks in advance!