So theres the list of stuff i plan on buying is there anything that wont be compatible cause im completely new the whole build thing. I know Ill need to get a graphics card but Ill wait for christmas money to get one, I know the hard drives small to but i already have a 2 tb at my house to use. Also how much watts will this take like do i really need the 650 and if thats enough would it still be enough to add 2 graphic cards later on and more ram.
That power supply will handle anything, up to a single HD7870, easily. If you want higher powered, or two, GPU's that will probably need changing. I wouldn't use a lower capacity SSD, in fact 128GB is better value.
Note that price for i5, is a walk-in deal at Microcentre. If you don't have access, price is around $50 more, elsewhere.