for a cheap performance increase, remove the baffle from the exhaust (free), remove the airbox lid (free) and, as i have recently learned, bump your jet sizing up. a jet kit is cheap, about $20 for an assortment of jets. i have yet to rejet my womans blaster, but removing the airbox lid and the exhaust baffles provided a very noticable increase in performance. there is a timing advance posted by jwalk1818
here that will give a noticable increase in performance and is also free. a word of warning though. you'll need a flywheel puller to do the timing advance. you can also switch the front tires (left to right and vica versa) if your valve stem doesn't interfere with your tie rod end (you'll know if it does when you spin the tire after you mount it) to add more stability to the front end. (also free). so, for a total of $20, you'll have a quad that is noticably faster than it was, will handle better than it did, and get you wanting to throw real money into your blaster.
i'd do the air scoop mod listed posted by d.jackson_12
here. some people say it's just for looks, but your 2-stroke engine relies on air to keep it cool. directing more air onto the motor will definately help there. another $20 mod. i am planning this very mod with minor changes for my wife's blaster (i ride a 660r myself).
then i'd spend start saving for a good exhaust as was already hammered into your head. follow that up with a new intake, air filter and reed cage/reeds, remove the oil injection (reliability upgrade, not performance, though alot of aftermarket carbs don't have facilities for oil injection), and get a good set of tires. do the yfz450 rear shock and the banshee front shocks to start since you said money is an issue and you aren't a hardcore, every weekend racer. wheel spacers can be a tricky subject. i have heard horror stories about wheel spacers breaking, but alot of folks on here seem to be utilizing them and i haven't read any horror stories firsthand about them breaking.
something else you might want to look into, which is commonly overlooked, are ergonomics. if you're over 5'6, the blaster probably feels small to you. every time i take my wife's blaster for a test ride i can't imagine how i rode that thing as my own quad for over a year. adjustable bar risers and new bars might help the cockpit open up a bit. that was actually one of the stage1 upgrades on ATVscene.com's project blaster.
once you've saved the money and done the mods listed here, you'lll probably have a pretty good idea of what you want to do next from reading and talking with people.