Alright i have no freaking clue about recording equipment.

All i want is something that can record on my computer and play it back for me so i can play along.

So here are my questions.

Do i need a special kind of sound card?

What would be a good cheap mic?

What program should i use? ( i have Audacity right now)
i have the tascam dpo1 fx 8track it works REALLY GOOD, i can use it really well too and get near cd quality recordings, def. good for making band demos and its digital too
you might also try a Zoom ps-4. It's very basic. It's digital, and you can put the recordings on the computer via a usb and free software. $200.