First Build Please Review

All parts from Newegg.com this will be my first build ever and I am trying to save money but still be able to play games and enjoy them for years to come without having to spend any money on uprgading my PC for a few years. Any suggestions are advice on the listed equipment would be greatly appreciated. Also I am wondering should I save up and buy everything at once or buy what I can a little bit over time until it's complete? I will not be looking to overclock or anything really technical due to inexperience I am also worried about putting it all together but from what I hear its all very simple everything just screws in naturally.

Optical Drive: ASUS DRW-24B1ST/BLK/B/AS Black SATA 24X DVD Burner - Bulk - OEM

Case: Rosewill CHALLENGER Black Gaming ATX Mid Tower Computer Case, comes with Three Fans-1x Front Blue LED 120mm Fan, 1x Top 140mm

HDD: Western Digital WD Black WD1002FAEX 1TB 7200 RPM SATA 6.0Gb/s 3.5" Internal Hard Drive -Bare Drive

GPU: PowerColor PCS+ AX7950 3GBD5-2DHPP Radeon HD 7950 3GB 384-bit GDDR5 PCI Express 3.0 x16 HDCP Ready CrossFireX Support Video

PSU: Rosewill CAPSTONE Series CAPSTONE-550-M 550W ATX12V v2.31 & EPS12V v2.92 SLI Ready CrossFire Ready 80 PLUS GOLD Certified

Memory: G.SKILL Ripjaws X Series 16GB (2 x 8GB) 240-Pin DDR3 SDRAM DDR3 1600 (PC3 12800)

MOBO: ASRock Z77 Extreme4 LGA 1155 Intel Z77 HDMI SATA 6Gb/s USB 3.0 ATX Intel Motherboard

CPU: Intel Core i5-3570K Ivy Bridge 3.4GHz (3.8GHz Turbo) LGA 1155 77W Quad-Core Desktop Processor Intel HD Graphics 4000

Subtotal: $1,039.92
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  1. I would reduce the ram to 8gb. 8 gb is a lot more economical right now. You shouldn't need to worry about even surpassing 4gb memory usage if you are just playing games.
  2. For the total, you could do better. You could get all of that, and extra SSD with a bigger PSU as well all for a slightly ($7 more) higher total.

    Check out my $1000 build here:
    http://www.squidoo.com/electronicandmore#module147312351
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