Ok, I can see the original build now.
While I see that some corners have been cut (e.g. a small monitor and dirt-cheap KB, mouse, and speakers), those might all be addressed by future upgrades.
There are two parts I believe you should replace though. First, the motherboard you have selected is an old 700-series board. You want a true 900-series chipset, and you want a board not known for VRM issues. Use the spreadsheet at
https://spreadsheets.google.com/spreadsheet/pub?key=0AgN1D79Joo7tdE9xMUFlMEVWeFhuckJEVF9aMmtpUFE&gid=2 as a guide.
Second, you've selected a 5400RPM hard drive. You'll be grinding your teeth every time you wait for the machine to boot up, shut down, or even load applications or game levels. A SSD may not currently be in your budget, but get nothing less than a 7200RPM hard drive. I like the WD Black models for their lengthy warranties, but a Blue would be acceptable, or a Seagate Barracuda.
You will almost certainly want an aftermarket cooler. Many people will parrot the CM Hyper212 EVO, however in my experience it is almost invariably a bang/buck Loser. It is NOT a bad cooler, but other 120mm tower coolers will offer similar performance for up to 40% less. Currently I believe that NZXT and Enermax have the least expensive options. You may even consider a 92mm model, such as this Enermax that was just reviewed at HardOCP:
http://www.hardocp.com/article/2014/04/15/enermax_etsn30_budget_cpu_air_cooler_review/4 . Take a look at that dollar/performance ratio.
Because you have selected such a small monitor (1366x768), if necessary you could lower the video card to a HD7770 or R7 250X; you will likely upgrade both in the future, but for now can get away with a weaker card if necessary to make budget.
The PSU you have selected is decent, and will support a modest future upgrade (any graphics card needing a single PCIe power connection).