Alright here you go;
Overclocking by increasing FSB is the ONLY way to overclock all but the xtreme ed. CPU's. Start slow, remember intel uses a quad FSB, so you might have to do a bit of math. I.E. your bios might report 200Mhz FSB, which would be 800Mhz overall, make sense? It depends on the Motherboard manufacturer what the bios screen will look like and what your options are. If you get ASUS, just don't use AIBooster or AINos, that stuff sucks butt. Use manual settings. Slowly crank up your FSB speed, stick to 20-40Mhz at a time. When you get to a number you're happy with, it's time to check stability. You can do this with special programs like Prime95. Or you could fire up Oblivion and play for a few hours. The point is to stress the system to check for instability. If it crashes, chances are you've found an instability. At that point you can either A. crank up Vcore a little, or B. Reduce your overclock. WATCH YOUR TEMPS!
Memory can be a real pain if it's not good, but there are several value choices that have very good quality. Remember, even the best RAM offers a very small performance benefit over the cheap stuff. Hope this helps, good luck.