Shop around, Maryrrf - for example, my Zoom 1044MRS is a cracker, it can do all I want it to and then some. 10 concurrent tracks, each with 10 "virtual" tracks making it 100, plus separate drum and bass tracks. Built in drum machine, two concurrent inputs, phantom power for mics that need it, 160 hours of recording possible on its 40MB hard disk, filters, reverb, 20 voice and 100 guitar "mode" presets, compression... It cost 800 UK pounds in June 2001. By now prices have dropped further, and there are new models around.

Search "recording equipment" in google and you will be rewarded.