The other questions to ask would be:
1) What are your further education plans? College?
2) If college, then i would suggest getting an S-10 4x4 or small blazer and putting a stock crate 350 in. This way you can still be fast, cheap AND get at least 16 mpg possibly more. This can still be achieved while going to college with a part-time gig such as at Starbucks.