If I read your OP correctly, you're currently not playing for money, only fun?
If you do decide to play for cash eventually, that setup you're looking at is for some pretty high stakes for beginners. You're looking at a $1/$1 at the minimum which would call for upwards of $100 buy-ins.
If you're just starting out with your friends with cash games, depending on all of your financial situations, I would look at something that would support a .05/.10 game or, better yet, a .25/.25 game.
A $10-$25 dollar buy-in (10 for .05/.10would cover those stakes relatively well with starting stacks of 100 big blinds each. If you really want to start out with small stakes, you could even play .05/.05 with a $5 buy-in. At those low stakes, however, you may get a lot of "oh what the hell" calls because of the low amount of money involved.
Again, it all depends on your group. Come up with a buy-in that is comfortable for everybody, isn't going to cause hurt feelings, and makes winning feel good while minimizing how bad losing feels. You don't want people losing car payments in a night, you want everybody (even the losers) saying "That was fun, when's the next game?"
After typing all this it just hit me that I'm not sure if you're playing NL or limit games (I may have missed it), so just so it's clear I'm talking NL games in the above.
Oh, and...
...get samples.