Here are a few tips on making a quilt without spending too much money. Cloth does not need to be expensive.
Remnants are less expensive, and discount stores sell perfectly good cloth.
Second-hand cloth can be used successfully. Note - You should not use cloth that is worn enough to see through. It won't last long enough to be worth your time. Don't go too fancy on your equipment. Buy the best you can afford, but buy only stuff you think you will use.