Thanks for all of the great info, my reasoning for building one would be not spending a chunk(for my budget) at one time...dont want the wife to get suspicious
Well, there goes my suggestion.
After a little less than 4 years' affliction with the AR bug, I have purchase only 2 complete rifle (my first purchases). My collection since then has been built up by building my own.
Because of this experience, I always suggest that someone looking to enter the world of ARs buy a complete rifle first and spend some time with it. The act of field stripping it alone makes building one so much simpler becuase you already have an idea of how things go together.
Plus, with the complete rifle disassembled for cleaning one gets a fabulous look into the parts of both upper and lower without the hassle of having to put one together from scratch without knowing what goes where. (Yeah, the books help, but there's nothing like having seen the real thing. I've put all of mine together without the help of online guides or books or manuals. Simply knowledge of the rifle and having a complete one sitting in front of me was enough.)
It's certainly not required to be successful in building an AR, but it helps tremendously. If you can't buy one (to avoid buzzing the wifey's radar), see if a buddy would let you borrow one for comparison when you start putting it together.
Will you save money? Over all I dont' think there's a big savings. Especially if you use quality parts. If you go with the cheapest for everything you might save as much as $30-50, but it's not worth it to use the cheap stuff, IMO.
Either way, it's a fun project and you'll have the satisfaction of knowing you did it yourself. Of course, you'll have to provide pictures and range reports. You know that, right?