What do I need to buy to record music for a band?

[Russel Johnson]

What would I need to make an amateur studio setup so I can record music for my band? Do I just need to buy a USB mixer? Could I get a good sound card and use that to play the audio back on some speakers? I can spend around $200 all together.

 

[JohnACK]

How many people are in the band? What is their style? How do you want each instrument to sound?