My opinion:
Stock Skid Plates from Junk Yard:
Gas Tank: 25
T-case: 25
Front: 25
Skid plate from online:
Engine/Belly: 200-250
Trailer Hitch: 75
Tow Hooks: 75
Okay, bases covered for about 500
Now, Lift:
Procure a bunch of leaves, use Chevy S-10 Blazer leaves:
$50 = 4.5" lift in rear
Front lift: Springs from Rustys or something, : $130
Now up to what, $700 ish?
Get some good shocks, and a longer shackle for the rear. This will ease the rear suspension up a bit so it will flex more. I have a very flexible lift using s-10 springs (the thin ones which are long) and longer shackles.
Shackles: 75
Shocks: 200
Get a good HD Track Bar: $200
Swaybar links: Find them and make them into quick disconnects:
$30-$130 depending on how resourceful you are. You can take non-quick disconnects, put a wingnut on top and drill out the bolt on the bottom and put in a washer and a cotter pin, works great and it costs about $5
Alright, conservative estimate, we are up to 1350, right?
Get a SYE and Driveshaft. Use a front driveshaft or just break down and get a good one.
$400-500
Spend the rest on wheels and tires. It has cost $2000 to this point. I recommend spending another $1000 on gears and a locker, then go with 33's.
All told will cost about $4000. Should be sweet. Spend money where necessary, skimp where you can. No reason to spend $10,000