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Imo. $500 isn't even close to building a budget gaming desktop. You will need to at least double that and even then plan on buying low end stuff and upgrade slowly as you get the money. A $500 budget will get you a CPU and that is it. Do not waste your money buying an i3 or i5 (or AMD's equivalent) as they simply do not have the processing power to handle the games coming out now a days. The CPU is the one component you do not want to cheap out on because you can not simply upgrade it later without pretty much rebuying everything else.
To give you an idea of a budget, I'm planing on building a low end gaming PC for my brother for christmas. Everything is low end except for the CPU.
i7 (or AMD equal) - $400
Mother board - $100
16 gig RAM - $65
Case - $100
Power Supply - $50
DVD Drive - $20
1 TB hard drive - $50
Windows 10 - $200
Video Card - $100
Total - $1,085
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