I just purchased a Shure SM57 mike from Musician's Friend. The price was excellent at $100. More importantly, the quality of sound is great for both instrument and vocal.

Thats great, Shasha! I'm sure that you will find that the SM57 will get the job done on just about anything you want to record or mic live. Here is a cool article about the 57/58 you should check out! Congratulations on your new buy!